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Insurance
The advent of artificial intelligence (AI), the Internet of Things, robotics and big data is transforming global economic systems and, in turn, revolutionising risk assessment and underwriting through the use of machine learning algorithms, Tim Yeates, managing director of Axco, told Monte Carlo Today. 13 September 2017
News
Since it started writing external business some 10 years ago, VIG Re has built up a reputation as a specialist in Austria and Central and Eastern Europe. But it is now starting to set its sights further afield, Johannes Martin Hartmann, its chief executive, told Monte Carlo Today. 13 September 2017
Insurance
Providers of alternative capacity to the risk transfer business will not be spooked by the series of hurricanes that have hit the US, despite the high losses and the fact that the trajectory of the storms was unusual, David Flandro, global head of analytics JLT Re, told Monte Carlo Today. 13 September 2017
Insurance
Property/casualty insurer Chubb said on Sept. 11 that it plans to establish its EU headquarters in France. 12 September 2017
Insurance
AXIS Insurance, a part of Bermuda-based holding company AXIS Capital, has hired Christina Tom as vice president, renewable energy underwriter. 12 September 2017
News
Reinsurance broker and consultant JLT Re has appointed Thierry Cuisenier as a partner in its Paris office. 12 September 2017
Alternative Risk Transfer
London’s new ILS framework can make the City the global hub for innovative ILS solutions, according to Guy Carpenter. 12 September 2017
Insurance
Lloyd’s is expected to be among the hardest hit from Hurricane Irma, according to a Sept. 11 Moody’s report. 12 September 2017
Insurance
Combined insured losses for Hurricane Irma for the US and selected islands in the Caribbean will be between $20 billion and $65 billion, according to estimates by AIR Worldwide. 12 September 2017
Insurance
The proliferation of sidecars, re/insurance funds and other instruments that enable capital markets investors to easily invest in risk transfer will dampen potential peaks in pricing following big losses—but that does not mean that prices will not rise. 12 September 2017
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