News

Insurance

Munich Re appoints new leader of life and health in Korea from Chubb

Munich Re has hired Kyungsuk Lee as new head of life and health business in Korea. He was most recently CFO at Chubb Life Korea Insurance and has worked for direct insurance companies in the US and Korea for over 15 years.   16 July 2019

Insurance

AssuredPartners snaps up broker Hettle Andrews for UK expansion

Florida-based property/casualty broker AssuredPartners has acquired Birmingham-based risk management and insurance broking firm Hettle Andrews & Associates.   16 July 2019

Insurance

Fidelis Group names senior claims manager

Louisiana-headquartered Fidelis Group Holdings (FGH) has hired Mark Taylor as senior manager of its claims division.   16 July 2019

Insurance

AJG: Ethiopian Airlines / Boeing crash to cost insurers over $1bn

The Ethiopian Airlines crash on the 10 March 2019, and the subsequent worldwide grounding of the Boeing 737 Max fleet, “could cost aviation insurers over $1bn combined”, the broker AJ Gallagher has estimated.   16 July 2019

Insurance

UK insurers ‘hugely disappointed’ as Ogden discount rate set at minus 0.25%

UK insurers will be “hugely disappointed” as the injury damages rate, the Ogden discount rate, was set at minus 0.25 percent today to come into force on August 5, 2019.   15 July 2019

Insurance

Risk trading insurtech AkinovA unveils Series B investment round to fuel expansion

AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has launched a Series B investment round to fuel its expansion plans.   15 July 2019

Insurance

Hurricane Barry downgraded amid flooding, property damage and power outages

Flooding hit Louisiana and parts of Mississippi on Sunday 14 July after Hurricane Barry came ashore on Saturday 13 July bringing intense rain.   15 July 2019

Insurance

Mercer strikes five-year longevity risk partnership with Club Vita

Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has entered into a five-year partnership with longevity analytics firm Club Vita.   15 July 2019

Insurance

Moody's withdraws financial strength rating of Genworth Australia

Rating agency Moody's has withdrawn the Baa1 insurance financial strength rating of Genworth Financial Mortgage Insurance (Genworth Australia) due to "insufficient information".   15 July 2019

Insurance

Lloyd's seeks to develop parametric insurance and smart contracts

Parametric insurance and smart contracts technology could help insurers increase efficiency and improve customer experience, finds new reports by insurance and reinsurance marketplace Lloyd’s of London.   15 July 2019

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