News

Insurance

Australia may face category 3 cyclone Owen

Tropical cyclone Owen is forecast to move towards the Queensland coast in Australia and may reach category 3 intensity by Thursday morning, December 13, according the country’s Bureau of Meteorology.   12 December 2018

Insurance

Distributed ledger technology will drive down costs: B3i

B3i wants to build a generic system for the insurance industry, and let insurers and brokers build their own proprietary systems that plug into it.   11 September 2019

Insurance

'Catastrophic' bushfires, flash-floods hit Australia

Authorities have ordered more than 10,000 people to flee from “catastrophic” wildfires in north-east Australia while heavy rainfall in the south-east has caused flooding leaving at least two people dead, according to news reports.   29 November 2018

Insurance

Industry has a duty to absorb cyber threat: Munich Re

Re/insurers must make it their priority to better understand cyber risk and absorb more of this liability—serving a vital role for society and generating growth for the industry in the process, Doris Höpke, member of Munich Re’s board of management, told Baden-Baden Today.   24 October 2018

Insurance

BP Marsh buys stake in Asia Reinsurance Brokers

Venture capital firm BP Marsh & Partners has acquired a 20 percent stake in Singapore-headquartered Asia Reinsurance Brokers (ARB) for S$2.4 million ($1.8 million).   21 April 2016

Insurance

AIG appoints global head of real estate from Goldman Sachs

American International Group (AIG) has appointed James Love as global head of real estate, effective August 6.   18 July 2019

Insurance

Artex promotes Thompsett to COO and Marshall to CFO

Risk management provider Artex has promoted Stephen Thompsett to chief operating officer (COO) and Brandon Marshall to chief financial officer (CFO).   18 July 2019

Insurance

Victor appoints John Stephenson to UK country manager role

Victor Insurance Holdings, a managing general underwriter (MGU) formerly known as the Schinnerer Group, has appointed John Stephenson as UK country manager, and Fred Willemze as strategic partnerships director.   17 July 2019

Insurance

NORCAL Group to be acquired by ProAssurance

The $450 million transaction is expected to close the transaction by the end of 2020.   21 February 2020

Insurance

Generali acquires majority stake in asset manager Sycomore

Italian insurer Generali has completed the acquisition of a majority stake in Sycomore Factory SAS, the controlling company of Paris-based Sycomore Asset Management.   13 February 2019

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