News
Insurance
The International Union of Marine Insurance (IUMI) has appointed an additional Asia ambassador to build its position in the region. Agnes Choi, chair of promotion and external relations for the Hong Kong Maritime and Port Board and former IUMI executive committee member, was confirmed at the second IUMI Asia Forum in Shanghai on 22-23 May. 30 May 2019
Insurance
Cayman-based reinsurer Aureum Re plans to scale up its investment operations with web-based investment data aggregation, reconciliation, accounting and reporting provided by Clearwater Analytics. 30 May 2019
Insurance
Starr Insurance Companies, a group of insurance companies which operate in the US, Bermuda, UK and Asia Pacific, has appointed Andrew Hopper as head of financial institutions for the UK and Europe. 30 May 2019
Insurance
Motor insurer Ageas has agreed a three year deal with Marmalade, a specialist firm that focuses on young drivers and their parents, to provide more flexible policies for learners, students and ‘named young drivers’. 30 May 2019
Insurance
Property and casualty insurer The Hartford has partnered with data security firm Mimecast to reduce cyber security risks with awareness training. 30 May 2019
Insurance
From 1 July this year, Dutch insurance and asset management company Nationale Nederlanden (NN) said it will “stop providing insurance services to companies that derive more than 30 percent of their revenues from thermal coal mining or that use at least 30 percent thermal coal for power generation". 29 May 2019
Insurance
Specialty insurer Beazley has appointed Sally Lake to replace Martin Bride as the group finance director. 24 May 2019
Insurance
The European insurance sector will continue to consolidate in 2019, with varying credit impacts, according to the latest Moody's Investors Service report. 23 May 2019
Insurance
Liberty Mutual Re, the reinsurance arm of Liberty Specialty Markets (LSM), is launching a new operation under Lloyd’s registration in Mexico to serve clients in the Mexican market and Central America. 23 May 2019
Alternative Risk Transfer
French reinsurer SCOR’s portfolio management company is acquiring 100 percent of the capital of insurance-linked securities (ILS) fund manager Coriolis Capital, in a move aimed at expanding its capacity on the ILS market, reaching an aggregate sum of $2.1 billion of assets under management (AUM) and operating in both Paris and London. 23 May 2019
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