News

Insurance

APRA intervenes to improve sustainability of individual disability income insurance

APRA to impose an upfront capital requirement on all individual DII providers.   2 December 2019

Insurance

Insured loss estimates for Hurricane Dorian reach $5bn for US and Carribean, says cat modeller KCC

Catastrophe modelling firm Karen Clark & Company (KCC) has estimated that the total insured loss from Hurricane Dorian in the US and Caribbean will be close to $5 billion.   12 September 2019

Insurance

Boost Insurance expands infrastructure-as-a-service platform

It provides white-labelled insurance programs for technology companies and startups.   10 February 2020

Alternative Risk Transfer

PERILS acquires Canadian loss aggregator CatIQ in expansion move

Zurich-based catastrophe insurance data provider PERILS has acquired Canadian loss and exposure aggregation firm Catastrophe Indices & Quantification (CatIQ).   18 June 2019

News

Covéa rejects SCOR's claims as "groundless" and "manipulative"

French mutual insurance company Covéa has rejected all the accusations leveled by reinsurance firm SCOR as "groundless" and a "strategy to manipulate the judicial process", and reiterated its support for its chief executive Thierry Derez and his actions.   31 January 2019

Insurance

Universal to pass hurricane Michael loss to reinsurers

Florida-based Universal Insurance Holdings is passing the expected $300-350 million gross losses and loss adjustment expenses from hurricane Michael almost entirely to its reinsurance panel.   25 October 2018

Insurance

Chubb reveals new risk management, global A&H leaders

Property/casualty insurer Chubb has named Keith Higdon as president of ESIS, the company's risk management solutions division, and Joe Vasquez as new head of global accident and health insurance business.   25 October 2018

Insurance

Haven Holdings hires former CIMA insurance boss as COO

Haven Holdings, a specialist runoff insurer based in Puerto Rico, has appointed Gordon Rowell as the chief operating officer of Time Insurance Company, a business it recently acquired from Interfinancial, a subsidiary of Assurant.   13 December 2018

Insurance

Tokio Marine forms new cyber & professional lines group under NAS Insurance CEO

Specialty insurance group Tokio Marine HCC has formed a new cyber & professional lines group, led by Richard Robin as president.   24 July 2019

Insurance

Phinsys and PWC unite to deliver tech tools to manage rise in regulatory demands; IFRS17

A partnership between finance automation software provider Phinsys and consultants PwC has developed technology to enable finance transformation and streamlined IFRS 17 projects.   23 July 2019

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