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Insurance
KIRS Group, the holding company being created to combine Autonet, Chase Templeton, Direct Group, Price Forbes and Towergate, is launching a secured bond offering for an aggregate principal amount of £800 million, alongside committing to enter into a £90 million super senior revolving credit facility. 25 May 2017
Insurance
US-based insurer Liberty Mutual has appointed Jessica Dekermanji as senior vice president and chief underwriting officer of its national insurance specialty energy unit. 25 May 2017
Insurance
Dale Underwriting Partners, which is managed by Lloyd’s third-party managing agency Asta, has announce that its key capital provider ProAssurance Corporation has extended its commitment of $200 million of underwriting capital to Syndicate 1729, through to the 2022 year of account. 25 May 2017
Insurance
Netherlands-based insurance group Aegon has appointed Maurice Perkins as senior vice president, global head of government and policy affairs, to oversee all aspects of the company's government relations in Europe, the Americas and Asia. 25 May 2017
Insurance
Ironshore International’s mergers and acquisitions (M&A) and tax insurance unit has enhanced its consortium programmes. 25 May 2017
Insurance
While many of its rival reinsurers are seeking alternative growth opportunities through fee income relating to advisory services, technology or the use of alternative risk-transfer structures, Hannover Re’s chief executive officer Ulrich Wallin believes sufficiently profitable traditional risk transfer business will remain available for the foreseeable future. 25 May 2017
Insurance
As the soft market stretches on and new capital continues to find ways to compete on the turf of established reinsurers, the bigger, traditional players are being forced to adapt. Most are increasingly willing to shun unprofitable business while exploring new potential revenues streams and keeping one eye on (and often an investment in) technologies with the potential to change their way of working. 24 May 2017
Insurance
Insurers can increase customer retention and reduce costs by automating the receivables processes with artificial intelligence (AI) technology, claims collectAI. 24 May 2017
Insurance
Liberty Specialty Markets (LSM), part of the Liberty Mutual Insurance Group, is planning to establish a new subsidiary in Europe to retain its access to the market after Brexit, with an indication as to its location to be confirmed in June. 23 May 2017
Insurance
Pool Re, the mutual reinsurer that provides terrorism cover for commercial property in the UK, has stated that it will work with its members to resolves any claims that result from the suicide bombing last night in the UK city of Manchester. 23 May 2017
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