News
Insurance
David Sansom has been appointed chief risk officer at Lloyd’s, as the market also confirmed the departure of Annette Andrews, its chief people officer. 18 September 2019
Insurance
Lloyd’s of London has posted a £2.3 billion profit before tax for the first six months of 2019, prompting CEO John Neal to emphasise the importance of “maintaining momentum” and the need for ‘brave choices’ in the future. 18 September 2019
Insurance
US insurer Frederick Mutual has signed up for Betterview's property analytics, saying it gives them a better understanding of risk. 18 September 2019
Insurance
Insurtech platform Broker Buddha that simplifies the commercial insurance application and renewal process has raised $4.5 million in a funding round led by Vertex Ventures. 17 September 2019
Insurance
AXIS Insurance, a business segment of Bermuda-based AXIS Capital Holdings, has appointed Michael Baumel as new chief claims officer, succeeding David Hayward who is retiring in March 2020. 17 September 2019
Insurance
UK telematics firm Trak Global Group (TGG) has appointed Nino Tarantino as chief executive officer (CEO) for its insurance solutions North American business IMS, responsible for driving growth across the continent. 17 September 2019
Insurance
Two London market veterans have launched a new body, the Commonwealth Insurance Forum (CIF), to promote the industry within the 53 countries of the British Commonwealth. 16 September 2019
Alternative Risk Transfer
AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has donated some insurance-linked security (ILS) assets to ACORD, the global standards-setting body for the insurance industry. 16 September 2019
Insurance
Ratings agency AM Best has highlighted concerns about further amendments being proposed to the International Accounting Standard, IFRS 17, which seeks to reflect market values in the published financial statements of insurers. 16 September 2019
Insurance
Catastrophe risk modelling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between JPY 340 billion ($3 billion) and JPY 740 billion ($7 billion). 16 September 2019
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