News

Insurance

Aon unveils new IFRS 17 solution to bridge gap between risk and finance

Re/insurance broker Aon has launched an IFRS 17 (International Financial Reporting Standard) solution on its capital modelling platform to help insurers fulfil their reporting obligations.   8 July 2019

Insurance

Pool Re secures £40m non-damage business interruption retro cover led by Liberty Specialty Markets

UK government-backed terrorism reinsurer Pool Re has placed its new retrocession programme covering non-damage business interruption (NDBI) losses.   8 July 2019

Insurance

Catlin's re/insurance start-up Convex strikes long-term strategic partnership with WNS

Insurance veteran Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group has signed a long-term strategic contract with WNS Holdings to build what it describes as a first-of-its-kind, integrated "Platform + BPM (business process management) as-a-service” proposition across industry horizontals, including support services relating to operations for insurance, reinsurance, claims, finance and human resource.   8 July 2019

Insurance

Brit taps AIG, NAS executives to grow cyber & technology practice

Specialty re/insurer Brit has appointed James Patterson and Ryan Mimmo as vice president, cyber & technology, for Brit Global Specialty USA (BGSU).   8 July 2019

Insurance

Aon teams up with Oxfam, insurtech Etherisc on blockchain-based agricultural insurance

Re/insurance broker Aon has partnered with non-profit organisation Oxfam and insurtech start-up Etherisc to launch a blockchain-based agricultural insurance platform for smallholder farmers in Sri Lanka.   1 July 2019

Insurance

MGA capacity set to grow but carriers split on direction of travel, finds Clyde & Co survey

Fourth fifths (80 percent) of carriers expect to increase MGA capacity in 2019, according to a survey of more than 100 insurers and MGAs conducted by global law firm Clyde & Co.   1 July 2019

Insurance

Lloyd's shuffles EMEA leadership in growth push

Specialist re/insurance market Lloyd's has made several new appointments to grow its presence across the Europe, the Middle East and Africa (EMEA) region.   1 July 2019

Insurance

BGC swoops on Willis global head of broking to lead new aerospace intermediary

BGC Insurance Group (BGCI), a division of global brokerage firm BGC Partners which owns Ed and Besso, has hired Willis' Philip Smaje as chief executive officer (CEO) of its new global aviation and aerospace re/insurance intermediary.   1 July 2019

Insurance

B3i runs hackathon stress test with brokers, insurers and reinsurers

Blockchain insurance initiative B3i successfully stress tested its Property Catastrophe Excess of Loss Reinsurance application recently with a hackathon in Zurich, Switzerland.   1 July 2019

Insurance

MS Amlin hires HDI's Perottino as country manager for France

Specialty re/insurer MS Amlin has appointed Véronique Perottino as country manager for France from HDI   1 July 2019

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