News

Insurance

ICA expects Townsville flood claims to exceed $45 million

Current insurance losses for the Townsville floods in Australia are valued at $45 million, from 3,500 claims, however, the Insurance Council of Australia (ICA) expects these figures to rise as people begin to return home to assess the damage.   5 February 2019

Insurance

AXA's Jad Ariss appointed secretary general of The Geneva Association

Jad Ariss, the former CEO of AXA's Middle East and Africa business, has been appointed secretary general of the Geneva Association, effective 1 March 2019.   4 February 2019

Insurance

AXA XL partners with Guidewire on cyber risk modelling

Re/insurer AXA XL has collaborated with property/casualty platform provider Guidewire Software on risk modelling solution to help quantify the financial impact of cyber risk exposures.   29 January 2019

Insurance

Arch Insurance-backed insurtech MGA C-Quence launched in London

C-Quence, a new insurtech managing general agent (MGA) with a commercial insurance trading and underwriting platform, has been launched in London.   29 January 2019

Insurance

SCOR launches criminal action against Covéa and CEO Derez

The acrimonious dispute between SCOR and Covéa, which started with failed takeover bid by the latter last year, has taken another remarkable twist that will likely see the clash played out in court.   29 January 2019

Insurance

California wildfire insurance losses rise to $11.4 billion

Insured losses from the November 2018 wildfires in California have been re-evaluated upwards to $11.4 billion, representing a 25 percent hike from initial figures reported by the US government’s Department of Insurance.   29 January 2019

Insurance

Verisk-owned PCS launches cat product supporting reinsurers and ILS in Japan

Property Claim Services (PCS), a Verisk Analytics business, has launched its industry catastrophe loss data aggregation and index reporting services for events occurring in Japan.   29 January 2019

Insurance

Rapidly growing ILS market hits $93bn in 2018

The ILS market grew to $93bn of outstanding non-life capital in 2018, suggesting the market is in good health despite a quieter final quarter, according to the latest report from Willis Re.   29 January 2019

Insurance

AXA launches new entity to accelerate innovation

French insurer AXA Group has unveiled a new entity, AXA Next, dedicated to build new services and business models beyond insurance. Each year, it will invest €200 million in its innovation vehicle.   29 January 2019

Insurance

Lloyd's Channel Syndicate appoints new technology, cyber leader

Channel Syndicate 2015 at Lloyd’s has appointed a new head of technology and cyber to further develop its offering.   29 January 2019

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