News
Technology
The launch of blockchain insurance startup B3i’s Cat XoL product is opening the door for the re/insurance industry to embrace distributed ledger technology. B3i’s chief marketing officer Ken Marke outlines its aims. 14 October 2019
Insurance
Economic development is expected to deteriorate significantly from +32 percent currently to -5 percent worldwide according to a new study by German online statistics portal Statista. 14 October 2019
Insurance
The insurance industry has no need for the supplementary regulations proposed by the Organisation for Economic Co-operation and Development's (OECD) for the so-called “pillar one” of its programme of work to develop a consensus solution to the taxation challenges arising from the digitalisation of the economy, according to a position paper published today by Insurance Europe, the European insurance and reinsurance federation. 14 October 2019
Insurance
Healthcare liability insurer MedPro Group (MedPro) has entered into a definitive agreement with Swiss Re Corporate Solutions (SRCS) to acquire the renewal rights to SRCS’s healthcare professional liability book of business effective October 11, 2019. 14 October 2019
Insurance
Globe Underwriting, the UK based managing general agent, has appointed Dan Watson as senior engineering underwriter. 14 October 2019
Insurance
Independent consultancy firm GreenKite has launched, dedicated to providing advice, support and solutions for the Insurance and financial services industry. 14 October 2019
Insurance
Private US property/casualty insurers’ surplus reached a new record of $802.2 billion in the first half of 2019, pushed up by insurers’ income and unrealised capital gains, according to Verisk, a data analytics provider, and the American Property Casualty Insurance Association (APCIA). 14 October 2019
Alternative Risk Transfer
Rick Montgomerie and Charlie Vaughan, the portfolio managers for Markel CATCo Investment Management’s Aquilo Fund, are leaving the company to establish a new investment manager and fund — Chard Re Investment Management. Elizabeth Simmons, the fund's underwriter, will also be leaving to join Chard Re, which is intended to launch January 1, 2020. 14 October 2019
Insurance
Combined Insurance, a provider of voluntary supplemental accident, disability, health and life insurance products, and a Chubb company, has made two new senior leadership appointments. 14 October 2019
Insurance
Global alternative investment firm Värde Partners and insurance solutions provider Agam Capital have formed a life and retirement solutions joint venture that will combine the investment management expertise of Värde Partners with the proprietary insurance solutions platform developed by Agam. 14 October 2019
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