News

Insurance

BP Marsh acquires AU$1.47m stake in Australian firm Agri Services

Insurance investment company BP Marsh & Partners has acquired 36 percent equity stake in Sydney-based Agri Services Company for an initial cash consideration of AU$1.47 million (£817,000), and further consideration of up to AU$1.13 million (£628,000) may become payable.   16 July 2019

Insurance

Willis Towers Watson appoints Dunlap as head of North American construction

Broker Willis Towers Watson has appointed Jim Dunlap as head of construction broking in North America.   16 July 2019

Insurance

Everest appoints global head of fine art and specie from Charles Taylor

Bermuda-based Everest Re Group, has appointed Joshila Tailor as the global head of fine art and specie for Everest Insurance International, which includes Everest Insurance Ireland and Lloyd’s Syndicate 2786.   15 July 2019

Insurance

UK insurers ‘hugely disappointed’ as Ogden discount rate set at minus 0.25%

UK insurers will be “hugely disappointed” as the injury damages rate, the Ogden discount rate, was set at minus 0.25 percent today to come into force on August 5, 2019.   15 July 2019

Insurance

Risk trading insurtech AkinovA unveils Series B investment round to fuel expansion

AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has launched a Series B investment round to fuel its expansion plans.   15 July 2019

Insurance

Hurricane Barry downgraded amid flooding, property damage and power outages

Flooding hit Louisiana and parts of Mississippi on Sunday 14 July after Hurricane Barry came ashore on Saturday 13 July bringing intense rain.   15 July 2019

Insurance

Mercer strikes five-year longevity risk partnership with Club Vita

Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has entered into a five-year partnership with longevity analytics firm Club Vita.   15 July 2019

Insurance

Moody's withdraws financial strength rating of Genworth Australia

Rating agency Moody's has withdrawn the Baa1 insurance financial strength rating of Genworth Financial Mortgage Insurance (Genworth Australia) due to "insufficient information".   15 July 2019

Insurance

Lloyd's seeks to develop parametric insurance and smart contracts

Parametric insurance and smart contracts technology could help insurers increase efficiency and improve customer experience, finds new reports by insurance and reinsurance marketplace Lloyd’s of London.   15 July 2019

Insurance

MGA leaders offer insights into the big issues for the industry now and in the future

Now seems to be a great time to be running an MGA – but are there downsides? And what is the future for the sector? We asked five MGAs some questions around their confidence, concerns and goals—and their opinions on technology in our virtual roundtable.   12 July 2019

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