News

Insurance

Better flood data in Asia can help close protection gap

Flood exposure data in Asia poses challenges due to the lack of precise location information, which in turn is making it difficult to underwrite this risk and close the protection gap, Iain Willis, managing director of JBA Risk Management Singapore, told SIRC Today.   29 October 2018

Insurance

Allied World bullish on Asia

Allied World’s acquisition of RSA’s operations in Hong Kong and Singapore as well as its takeover by the Fairfax group has strengthened the re/insurer’s capabilities and potential growth opportunities in Asia, Michael Garrison, president Asia-Pacific, told SIRC Today.   29 October 2018

Insurance

Retiring Axis CFO to receive $1.2m for consulting

Bermuda-based AXIS Capital Holdings has agreed to pay departing chief financial officer (CFO) Joseph Henry a fee of $1.2 million for advisory services in 2018.   15 December 2017

Insurance

Fidelis acquires equity stake in new MGA to add surety capacity

Bermudian Fidelis Insurance has taken an equity stake in new managing general agent (MGA) Firestone Surety and will be providing underwriting capacity.   15 December 2017

Insurance

Nationwide invests in AI insurtech start-up Betterview

US-based insurance and financial services provider Nationwide has made a strategic venture capital investment in Betterview, a software platform and service provider for capturing and analysing data from drones.   8 May 2018

Insurance

Swinton Group partners with UK MGA Lorega

Insurance retailer Swinton Group has partnered with UK MGA and assistance specialist Lorega to provide commercial loss recovery insurance and expert loss adjusting services for its SME customer base.   5 July 2017

Alternative Risk Transfer

Russell Group launches new casualty risk management product

UK-based risk management solutions provider Russell Group has launched a new offering that enables casualty underwriters model, price and manage connected risks.   30 August 2017

Insurance

XL Catlin taps Everest National exec for US excess casualty

Re/insurer XL Catlin has hired a senior executive from Everest National Insurance for its global excess casualty insurance business.   1 February 2018

Insurance

Insurtech OnRisk forms strategic alliance with Lloyd's broker AFL

US-based insurtech startup OnRisk has formed a strategic partnership with independent Lloyd's broker AFL to develop new technology for structuring and placing property & casualty (P&C) risk.   10 July 2018

Insurance

Novae appoints non-exec director

London-based underwriting company Novae Group has appointed Andrew Torrance as an independent non-executive director, to take effect from 1 March 2016.   12 February 2016

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