News
Insurance
Specialist insurer Tokio Marine Kiln (TMK) has promoted Alex Dugand to regional managing director for Asia, reporting to CEO Charles Franks. 5 April 2018
Insurance
Chubb is joining forces with insurtech Bunker Technologies to accelerate new insurance product development for a flexible working environment. 5 April 2018
Insurance
Lloyd’s of London made a heavy loss in 2017 after being hit hard by the US hurricane season. While this may have been expected due to the market’s gearing towards US natural catastrophes, Lloyd’s top executives are now urging the market to boost profits by curbing costs and being more cautious with its risk selection. 5 April 2018
Insurance
New York-based Oscar Health, a technology-focused health insurance company, has secured $165 million to fuel its next phase of growth. 4 April 2018
Insurance
Argenta Holdings is establishing a special purpose arrangement (SPA) in conjunction with its parent company Hannover Re after it received approval from the Lloyd’s franchise board. 3 April 2018
News
The Export-Import Bank of the US (EXIM) has developed a reinsurance programme with major players like XL Catlin and Liberty Specialty Markets to share risk and provide an additional $1 billion in loss coverage for a significant portion of EXIM’s existing portfolio of large commercial aircraft financing transactions. 3 April 2018
News
Reinsurers’ 2017 profitability declined to the lowest level since 2005, when the industry was affected by hurricanes Katrina, Rita and Wilma, Moody’s said in an April 2 report. 3 April 2018
Insurance
The Lloyd’s Market Association (LMA) has appointed David Croom-Johnson, managing director of Aegis Managing Agency, to its board. 3 April 2018
Insurance
XL Catlin’s insurance unit has made several promotions and appointments in its global life, accident and health teams in the UK. 3 April 2018
Insurance
McLarens Aviation, a provider of survey and loss adjusting services to the global aviation industry, has opened a new office in Frankfurt, Germany while hiring a team of aviation adjusters. 3 April 2018
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