News
Insurance
Germany-based insurance group Allianz is consolidating its European direct business by establishing a new pan-European risk carrier and has appointed Bart Schlatmann CEO of this operation. 31 August 2018
Alternative Risk Transfer
AXA XL, the property/casualty (P&C) and specialty risk division of the AXA group, is looking to grow the use of ILS to de-risk its portfolio in a strategy that should ultimately be expanded to include the whole group, Greg Hendrick, CEO of AXA XL, suggested during a Nov. 28 press conference. 28 November 2018
Insurance
Internet-only insurer ZhongAn Online Property & Casualty Insurance priced its initial public offering (IPO) at the top of an indicated range, raising $1.5 billion in Hong Kong, Reuters reported on Sept. 22. 22 September 2017
Insurance
A dramatic surge in cybercrime and an increasing awareness of the risk among the population has reassured the industry that cyber insurance will develop into an important area in personal lines insurance. 15 June 2017
Insurance
Talbot Underwriting, a wholly owned subsidiary of Validus Holdings, has joined forces with insurer Markel to provide expertise and knowledge of the Middle East and Africa (MEA) marketplace via an increased level of directors and officers (D&O) capacity in the region. 6 April 2016
Insurance
Berkshire Hathaway’s recent arrangement with Aon, whereby it takes a 7.5 percent quota share on all retail subscription business with some Lloyd’s participation, has caused controversy in the industry. Intelligent Insurer asked a range of industry figures: “Do you believe it represents an innovative blueprint of things to come in the industry, or a potential threat to underwriting expertise?” 1 September 2013
Insurance
The UK government has appointed data analytics and telematics firm Floow to advise on a project to help motorists and the insurance sector “embrace new technologies” to reduce incidents on UK roads and make car insurance “smarter”. 19 February 2019
Insurance
Munich Re has agreed to purchase an additional 11 percent of the shares in Global Aerospace Underwriting Managers, taking its stake to 51 percent. 15 December 2017
Insurance
Prudential Hong Kong is introducing a digital claims submission system and artificial intelligence (AI) platform. 14 December 2017
Insurance
Re/insurer XL Catlin has promoted Mike MacColl to the position of global practice leader for hull. Previously, MacColl held the role of head of hull for the UK. 6 February 2018
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