News
Alternative Risk Transfer
Allianz Global Corporate & Specialty (AGCS), Allianz group's specialist corporate insurer, will cease underwriting long tail risks in Australia and close its operations in New Zealand with effect from September 2019, following a "strategic review" of the business. The decision has led to the departure of its Pacific CEO Willem Van Wyk. 4 July 2019
Insurance
The reinsurance industry should be concerned by the trends of protectionism and nationalism that are becoming increasingly prevalent, Ingrid Carlou, chief executive, Patria Re, told Baden-Baden Today. 24 October 2016
Insurance
More than 1,500 structures were damaged or destroyed by at least six notable fires in Southern California, according to an Aon Benfield report. 13 December 2017
Insurance
Folgate Insurance Company has returned to active underwriting a year after being acquired by APC Underwriting. 13 September 2015
Insurance
Applying blockchain to the global re/insurance market could deliver operational cost savings of 10 percent to 25 percent or $20 billion to $50 billion each year, according to a report by blockchain solutions provider R3 and ChainThat. 7 March 2018
News
ProSight Specialty Underwriter, an operating Syndicate at Lloyd’s, has appointed Colin Smith as operations manager. 7 May 2013
Insurance
Comprehensive car insurance premiums in the UK have again fallen during the second quarter of 2018, with UK motorists now paying £752 on average, 11 percent less than they were paying this time last year, according to the latest Confused.com Car Insurance Price Index in association with Willis Towers Watson. 16 July 2018
Insurance
People's Insurance Company of China (PICC) has partnered with Shanghai-based blockchain platform VeChain and risk management firm DNV GL to create new blockchain insurance solutions aimed at bringing digital transformation to the insurance industry. 3 September 2018
Insurance
Combined insured losses for Hurricane Irma for the US and selected islands in the Caribbean will be between $20 billion and $65 billion, according to estimates by AIR Worldwide. 12 September 2017
Insurance
US-bases commercial insurer CNA has appointed Carrie Goesel as vice president, financial institutions underwriting. 9 January 2018
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