News

News

Reinsurance earnings reach lowest level since 2005

Reinsurers’ 2017 profitability declined to the lowest level since 2005, when the industry was affected by hurricanes Katrina, Rita and Wilma, Moody’s said in an April 2 report.   3 April 2018

Insurance

Novae set to launch in Bermuda

Lloyd’s insurer Novae group is set launch operations as a group reinsurer of, and coverholder for, Syndicate 2007 at Lloyd’s in Bermuda. This is subject to licenses and other approvals.   15 September 2014

Insurance

Markel hires trade credit and political risk underwriter from Coface

Specialist insurer Markel International has appointed Keith Paul as senior underwriter in its trade credit and political risk team in Dubai.   5 July 2019

Insurance

Munich Re US appoints Kuchma COO of reinsurance division

Munich Reinsurance America, a subsidiary of Munich Re, has appointed Anita Kuchma as chief operations officer (COO) of its reinsurance division.   10 October 2019

Alternative Risk Transfer

Hamilton renames ILS platform, appoints lead executive

The internal promotion heralds a new phase for the business.   8 January 2020

Insurance

Pay-as-you go insurtech Zego partners with European micro-mobility start-up Dott

London-based insurtech Zego, a provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has partnered with European micro-mobility start-up Dott to provide insurance for its fleet of shared e-scooters across France and Belgium.   4 July 2019

Insurance

Barbican bolsters financial lines team with Markel hire

Barbican Insurance Group has appointed Antony Hope as class underwriter for directors’ & officers’ (D&O) liability insurance.   4 July 2019

Insurance

Anbang puts Belgian insurer up for sale

Anbang Insurance Group is exploring the sale of Belgian insurer Fidea, Bloomberg News reported citing people “with knowledge of the matter”.   11 July 2018

Insurance

Insurers face in excess of $3bn claims from June storms

Severe thunderstorms leading to flash floods and hail across the eastern two-thirds of the US in June led to $4 billion economic losses and $3 billion of claims for insurers, according to Aon’s Global Catastrophe Recap report.   11 July 2018

Insurance

CNA, NN Group help fund $75m insurtech venture fund

MTech Capital has completed the initial closing of the firm’s insurtech venture fund with $75 million of capital commitments from three anchor investors including CNA Financial Corporation, NN Group, and a global insurer.   11 July 2018

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