News

Insurance

AM Best reports on Brexit and warns on intense competition and overcapacity in global reinsurance industry

Intense competition and overcapacity are among the biggest challenges for the global reinsurance industry. That was one of the key points in a presentation in Monte Carlo, given by rating agency AM Best, at which it also warned of some of the negative effects of Brexit.   9 September 2019

Insurance

Pardus adds two non-exec directors amid £1.6m capital raising

Pardus, a London-based independent managing general agent (MGA), has completed a £1.6 million capital raising, which attracted a variety of new private investors into the business.   6 April 2016

Insurance

Swiss Re merges European units' leadership with new appointment

Swiss Re has appointed Claudia Cordioli to lead its reinsurance business in Western and Southern Europe.   27 March 2018

Insurance

Arch Capital appoints new CEO

Bermuda-based Arch Capital Group (ACGL) has promoted president and chief operating officer (COO) Marc Grandisson to the position of CEO, replacing Constantine Iordanou.   19 March 2018

Insurance

Typhoons hit Japanese non-life market in 2018, Toa Re report finds

The Japanese non-life insurance market experienced a mixed year in 2018, according to a report from the underwriting and planning department of Toa Reinsurance.   29 October 2019

Insurance

Lemonade, Metromile, Root struggle to reach underwriting profits

The venture-backed full-stack US insurtech startups continued to show rapid premium growth in the second quarter of 2018 with moderately lower underwriting losses but they have yet to generate a sustainable loss ratio under 100 percent, according to “The Second Quarter in InsurTech Start-up Financials” by Matteo Carbone.   29 August 2018

Insurance

From pilots to scale: your roadmap to integrating AI and RPA into the underwriting process

Artificial intelligence (AI) is much discussed in the insurance industry but it is often in the context of small-scale projects, pilots or experimental phases. To make the most of the transformative potential of AI and associated systems such as robotic process automation (RPA), insurers need to bite the bullet and move towards a more integrated approach.   25 June 2021

Insurance

Everest Re swoops for Swiss Re exec as global head of aerospace

Everest Re Group has hired a Swiss Re executive to head up its global aerospace reinsurance unit.   5 July 2018

Insurance

Ageas hires Aspen UK CFO Jonathan Price

Insurance group Ageas has hired a new chief financial officer (CFO) for its UK business from Aspen Insurance Group.   19 February 2019

Insurance

A sober look at non-financial misconduct: the problems run deeper than boozy lunches

Perception is reality for the industry when it comes to bullying, harassment, and other issues, a report has found.   11 August 2021

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