News
Insurance
After almost two decades of favourable buying conditions, 2017 and 2018 saw a change in the market dynamic whereby rates are increasing, and carriers are now willing to walk away from deals that do not deliver on acceptable levels of profitability, the chief executive of Australia-based broker Honan Insurance Group has claimed. 21 January 2019
Insurance
Reinsurance broker Guy Carpenter & Company has unveiled a new global capital solutions group and several key leadership appointments, which will become effective after the closing of the JLT acquisition by its parent Marsh & McLennan Companies (MMC). 17 January 2019
Insurance
Michigan-based insurance broker Acrisure is issuing $500 million of five-year senior secured notes to help fund acquisitions. 17 January 2019
Insurance
Automation is set to transform commercial insurance lines with investments in this field expected to increase, particularly affecting the property business, according to a survey including 300 commercial insurers conducted by Intelligent Insurer. 15 January 2019
Insurance
AM Best has downgraded the Financial Strength Rating to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Rating to “a+” from “aa” of HDI Global Specialty SE (Germany). 14 January 2019
Insurance
UK broker Brightside Group has launched a new manging general agent (MGA) to write motor insurance backed by capacity provided by Randall and Quilter Investment Holdings. 10 January 2019
Insurance
Verisk, a data analytics provider, has launched Black Box 3 (BB3), a new solution available in parts of Canada, Europe, Australasia, and Asia, that helps insurers underwrite risks posed by travellers with pre-existing medical conditions. 9 January 2019
News
QBE’s UK operations have started using artificial intelligence to help its underwriters make better decisions when selecting and pricing risks, something it claims also allows its UK customers to purchase cover more quickly and effectively. 3 January 2019
News
A subsidiary of Randall & Quilter Investment Holdings (R&Q) has partnered with a UK managing general agent (MGA) to offer private motor and household insurance coverage. 3 January 2019
Insurance
JLT Re's global property-catastrophe reinsurance index fell 1.2 percent at the January 1 renewals, despite 2018 being one of the costliest years in terms of catastrophe losses. 2 January 2019
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