News

Alternative Risk Transfer

ILS market growth second-slowest in eight years in Q2 2019: Willis Re

The insurance-linked securities (ILS) market declined year-on-year in the second quarter of 2019, making it the second-lowest Q2 for issuance by volume in the past eight years, except for 2016.   7 August 2019

Insurance

New insurtech Previsico sets out to make 'big impact' with new flood prediction solution using big data

Previsico, an insurtech spin-out of the Loughborough University specialising in flash flood forecasting technology, is launching into the insurance sector following a seed funding round.   7 August 2019

Insurance

Beazley adds CNA, Chubb and Hartford cyber & tech underwriters in US

Specialist insurer Beazley has appointed three new underwriters from CNA, Chubb and The Hartford to its US cyber & technology team that the company claims has grown by 25 percent in the past two years.   7 August 2019

Insurance

Sedgwick acquires Nordic Loss Adjusting in expansion move

Technology-driven risk solutions provider Sedgwick has acquired Nordic Loss Adjusting (NLA) and related entities in order to strengthen its presence in the Nordic region.   7 August 2019

Insurance

Fidelis reshuffles Ireland leadership as CEO/CUO Lyons departs

Bermuda-based Fidelis Insurance has appointed Robert Kelly to the post of chief executive officer and Simon Crone to chief underwriting officer of Fidelis Insurance Ireland DAC (FIID).   7 August 2019

Insurance

Beecher Carlson appoints Bill Daly as chief operating officer

Broker Beecher Carlson Insurance Services, the specialised large account subsidiary of Brown & Brown, has appointed Bill Daly as chief operating officer (COO).   7 August 2019

Insurance

RT Specialty promotes Todd Mannschreck to chief claims officer

RT Specialty, a wholesale brokerage unit of Ryan Specialty Group (RSG), has promoted Todd Mannschreck to president of claims, chief claims officer. He is based in the company's Kansas City office.   7 August 2019

Insurance

Enstar and Maiden Re finalise ADC deal with AmTrust

Bermuda-based Cavello Bay Reinsurance, a subsidiary of global insurer Enstar, has completed an adverse development cover (ADC) reinsurance deal with Maiden Reinsurance.   6 August 2019

Insurance

Swiss Re signs up to AI-driven Natural Language Understanding technology Cogito

Swiss Re Group has partnered with Expert System to provide AI-driven Natural Language Understanding (NLU) technology Cogito.   6 August 2019

Insurance

Insurers close 60% of Townsville, Australia, cat flood claims

The Insurance Council of Australia (ICA) said that 60 percent of insurance claims lodged since the Townsville floods were declared a catastrophe have been closed “marking a significant milestone in the city’s recovery”.   6 August 2019

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