News

Insurance

EC3 Brokers hires former Greenlight Re, Wellington executives for US expansion

London-based EC3 Brokers has appointed James Norris as chief actuary and Terry Holley as senior vice president in the US.   11 July 2019

Insurance

Ares expands insurance platform with Aspida launch and Michigan M&A

Global alternative asset manager Ares Management Corporation (Ares) will expand its existing insurance platform, Ares Insurance Solutions, through the launch of Aspida Financial (Aspida) as an indirect subsidiary of Ares.   11 July 2019

Insurance

AXA UK&I chief risk officer Evan Waks departs, is replaced by Direct Line director David Baker

Re/insurer AXA UK & Ireland has appointed David Baker as new chief risk officer, replacing Evan Waks who is leaving to pursue opportunities outside the company.   10 July 2019

Insurance

Cryptocurrencies to help boost UK’s financial services sector in post-Brexit era: deVere CEO

Cryptocurrencies such as bitcoin could play a significant role in reshaping and strengthening the UK’s financial services sector post-Brexit, according to the CEO and founder of deVere Nigel Green.   10 July 2019

Insurance

Complacency on innovation risks Bahrain’s re/insurance lead: AM Best

Bahrain’s status as the re/insurance hub in the Middle East is waning as other countries in the region have started to overtake it with newer risk based regimes, making the Arab-state’s insurance sector, historically viewed as progressive and comprehensive, look “slightly antiquated”, according to ratings firm AM Best.   10 July 2019

Insurance

Swiss Re Corporate Solutions appoints Smith as head of contract surety Canada

Swiss Re Corporate Solutions has appointed Conor Smith as head of contract surety Canada.   10 July 2019

Insurance

DAC Beachcroft and partners develop AI to deliver ‘immediate answer’ on motor liability

An AI-powered tool that “delivers an immediate answer on liability” following a motor accident is being developed by international law firm DAC Beachcroft in partnership with insurtech start up Automated Insurance Solutions (AIS) and claims solutions provider Audatex.   10 July 2019

Insurance

Ryan Specialty bags group chief compliance officer from Chubb

Chicago-based specialty insurance services business Ryan Specialty Group (RSG) has appointed Michael Blackshear as senior vice president and global chief compliance officer.   10 July 2019

Alternative Risk Transfer

Allianz shakes up AGCS alternative risk transfer leadership in growth push

Allianz group's specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has added new global leadership positions in its alternative risk transfer (ART) and liability lines of business to help drive the expansion of its services.   9 July 2019

Insurance

Willis Re partnership evolves ‘wildfire risk score’ to raise insurance industry accuracy

Willis Re clients can now access support to write and price wildfire risk more accurately, as the reinsurance division of Willis Towers Watson has started offering a “location level wildfire risk” service.   9 July 2019

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