News

Insurance

Tesla to enter insurance market, promising to undercut rivals

Electric car maker Tesla has entered the insurance market, and some commentators have said it seems like a smart move.   4 September 2019

Insurance

Moody’s warns of 2020 ‘headwinds’ as it hails stable reinsurance sector outlook

Global reinsurance can expect to face market “headwinds” in 2020, despite strong capitalisation and rising pricing, credit ratings agency Moody’s has said.   4 September 2019

Insurance

Aspen recruits former Validus US CEO Jonathan Ritz as president

Bermuda-based Aspen Insurance Holdings has appointed Validus' Jonathan Ritz to the newly-created role of group president with immediate effect.   4 September 2019

Insurance

Fidelis taps Brit's Bob Clarkson to develop selective and profitable marine account

Bermuda-based Fidelis Insurance has hired Bob Clarkson to join its Fidelis Underwriting (FUL) London underwriting team as part of the group’s strategic initiative to further develop its focused offering of specialty insurance products.   4 September 2019

Insurance

French reinsurer CCR Re enjoys 16% increase in GWP in first half of 2019

French government backed reinsurer CCR Re enjoyed strong growth driven by new business and met its strategic targets in the first half of 2019, improving gross written premiums by 16 percent year on year.   3 September 2019

Insurance

Chaucer appoints new head of Copenhagen as Gero Michel steps down

Specialty re/insurer Chaucer has appointed Johnny Bøgelund as the new head of Chaucer Copenhagen, replacing Gero Michel who has stepped down from the role.   3 September 2019

Insurance

UBS says Dorian losses likely to be at mid or lower end of $5-40bn

Insurers’ losses for Hurricane Dorian may come in at about $25 billion, say industry analysts at investment bank UBS.   3 September 2019

Insurance

Lockton hires Simon Gilliat to lead international benefits strategy

Broker Lockton has appointed Simon Gilliat to drive the company’s international benefits strategy, leading teams in the UK, Asia, Latin America and MENA.   3 September 2019

Insurance

Convex selects Clearwater to automate investment operations, support 'robust' growth plans

Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group has partnered with Clearwater as a provider of cloud-based solution and services for investment accounting, reporting and other data services.   3 September 2019

Technology

Cyber and terror: Key threats for re/insurers in 2019 - Banana Skins report

Re/insurers see cyber and technology risks as the biggest threats they face in the next few years, but with technology rapidly advancing will insurers rise to the challenge? Intelligent Insurer reports on the latest Insurance Banana Skins survey.   3 September 2019

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