News

Insurance

Gallagher: quarter of SMEs hit by crisis event in 2018 increasing risk of collapse

Research from Gallagher has found that nearly a quarter (24 percent) of UK small and medium enterprises (SME) were affected by a crisis event last year, with the subsequent trading paralysis putting thousands of them at risk of collapse.   27 August 2019

Insurance

China Pacific invests in B3i; insurance blockchain seeks expansion in new and growing markets

Blockchain insurance industry initiative B3i has added Chinese insurer China Pacific Insurance Company (CPIC) as its latest shareholder, with Li Hao joining as a member of the board.   22 August 2019

Insurance

Specialist legacy M&A firm DARAG appoints James Insley CFO

DARAG, a company that focuses on buying legacy firms, has hired James Insley to be CFO, reporting to Tom Booth, CEO, pending regulatory approval.   21 August 2019

Insurance

MS Amlin starts trading risks digitally on Whitespace

Global re/insurer MS Amlin has started trading risks on Whitespace Software Limited, a London-based technology company.   21 August 2019

Insurance

Hong Kong airport protests highlight ground accumulation exposure for re/insurers: RGL

Protests in Hong Kong have highlighted the potential airport ground accumulation exposures faced by international insurers and reinsurers, according to data from Russell Group Limited (RGL).   21 August 2019

Insurance

P&C ‘can catch up with’ personal lines to leverage advanced analytics for growth: Swiss Re Institute

Commercial lines “can catch up with” personal lines when it comes to the increasing use of advanced analytics to “unlock tangible value”, the Swiss Re Institute's latest sigma report has found.   21 August 2019

Insurance

SSL Endeavour appoints group non exec chair Palmer-Brown and CFO Crossland as it finalises ‘significant’ aviation M&A

Specialist independent Lloyd’s broker SSL Endeavour has unveiled two “important” senior executive hires for the group on the same day it confirmed it was finalising the acquisition of Worldlink Holdings, a North American aviation brokerage and MGA.   21 August 2019

Insurance

Tokio Marine partners with tech start-up incubator Plug and Play

Japanese property and casualty insurance group Tokio Marine Holdings has partnered with Singapore based Plug and Play's insurtech program.   21 August 2019

Insurance

Insured catastrophe losses at $19bn in H1 2019; Swiss Re highlights protection gap in emerging countries

Insured losses from global catastrophe events were estimated at $19 billion in the first half of 2019, mainly driven by secondary perils such as thunderstorms and flooding events, according to the new Swiss Re sigma report.   15 August 2019

Insurance

Australian reinsurance and binder broker Wickshire gains Lloyd's approval

Sydney-based independent reinsurance and binder placement broker Wickshire has been approved as a Lloyd’s of London broker.   15 August 2019

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