News

Insurance

Gibraltar confident on ILS growth despite looming UK competition

Gibraltar wants to become a hub for insurance-linked securities (ILS) and Minister of Commerce Albert Isola is optimistic about the growth potential despite looming competition from the UK.   11 April 2017

Insurance

Travelers to offer pre-breach cybersecurity to policyholders

US property/casualty insurer Travelers has announced that it will offer pre-breach cybersecurity services from Symantec to its cyber policyholders.   10 April 2017

Insurance

European insurance M&A activity slows in 2016

European non-life and life insurers engaged in less merger and acquisition (M&A) activity in 2016 than in either of the preceding two years, according to AM Best.   10 April 2017

Insurance

Ascent hires claims director from Tokio Marine Kiln

Ascent Underwriting, a specialist managing general agent (MGA) underwriting on behalf of a number of Lloyd’s Syndicates, has appointed Mark Bowers as claims director with immediate effect.   10 April 2017

Insurance

Fitch sees barriers to international insurance regulation

The International Association of Insurance Supervisors (IAIS) is creating a risk-based, single, global Insurance Capital Standard (ICS) for Global Systemically Important Insurers (G-SIIs), but Fitch questions if the goal is achievable.   10 April 2017

Insurance

AXIS Insurance launches new cover for private companies

AXIS Insurance, the insurance operation of Bermuda-based AXIS Capital Holdings, has launched a new management liability insurance policy for privately held companies.   10 April 2017

Insurance

Aon Benfield’s APAC head retires, no replacement planned

Malcolm Steingold is set to step down and retire as Aon Benfield's head of Asia Pacific (Apac), Aon Benfield confirmed to Intelligent Insurer.   10 April 2017

Insurance

Munich Re leads $45m funding for insurtech start-up Trov

California-based insurtech start-up Trov has closed $45 million in Series D funding led by Munich Re through its venture capital arm HSB Ventures.   7 April 2017

Insurance

Willis Towers Watson CFO Millay retires; search for successor begins

Roger Millay, the chief financial officer of Willis Towers Watson, is voluntarily retiring with effect from October 2, 2017, the re/insurance broker said in a statement.   7 April 2017

Insurance

QBE hires ex-Attune CEO as head of multinational for North America

QBE North America, part of Australian re/insurance group QBE, has appointed Richard Friesenhahn as head of multinational for North America to promote the company's expansion of multinational services and offerings.   7 April 2017

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