News
Insurance
Peter Welton has been promoted to UK Head of Energy for AXA XL Insurance. In his new role, he is responsible for developing the UK energy book and providing and designing innovative insurance and flexible solutions for energy clients. He will lead a team of underwriters in London. 15 October 2019
Insurance
The majority of insurtechs startups will fail, Starr Insurance Companies chairman and chief executive officer Maurice R ‘Hank’ Greenberg has said. 15 October 2019
Insurance
Gérald Harlin, AXA’s group deputy CEO and group CFO, will be appointed executive chairman of AXA Investment Managers (AXA IM), effective December 1. He will implement the next phase of AXA IM’s strategy with the aim of accelerating the company’s development. Harlin will continue to report to Thomas Buberl, CEO of AXA, in this role. 15 October 2019
Insurance
Gallagher acquires Florida-based The Doyle Group and its affiliates, known as Direct To PolicyHolder
Gallagher has acquired Ponte Vedra Beach, Florida-based The Doyle Group and its affiliates, collectively doing business as Direct To PolicyHolder (DTPH). 15 October 2019
Insurance
Ransomware accounts for 40 percent of manufacturers’ cyber claims in 2019 so far, according to a report by Chubb. 15 October 2019
Insurance
Pen Underwriting’s innovative escape of water claims process could save industry almost £100m a year
A new escape of water claims process devised and delivered by specialist insurance business Pen Underwriting, in partnership with third-party administrator Davies Group, has the potential to reduce related industry indemnity spend by almost £100 million a year, Pen Underwriting said. 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
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