News

Insurance

Gallagher promotes construction specialist Fatt to managing partner

Broker Gallagher has promoted Stuart Fatt to the role of managing partner construction, reporting into the newly-appointed CEO of UK Specialty & Wholesale, John Thompson.   16 May 2019

Insurance

Aon, Guy Carpenter partner on blockchain initiative to streamline reinsurance placement

Brokers Aon and Guy Carpenter have teamed up with The Institutes RiskStream Collaborative to streamline the reinsurance placement process using distributed ledger technology (DLT).   16 May 2019

Insurance

Why construction companies need to listen to insurers

There is increasing interest among insurers in getting contractors as well as developers to buy in to the inclusion of leak detection systems in building projects. Intelligent Insurer reports.   16 May 2019

Insurance

Jonathan Evans to replace Lord Hunt as chairman of BIBA

The British Insurance Brokers’ Association (BIBA) has named former insurance minister and current board member Jonathan Evans as its new chairman. He will take up the position in January 2020.   15 May 2019

Insurance

Munich Re appoints Claus-Ulrich Kroll as new Canada CEO

Claus-Ulrich Kroll has been appointed new president and chief executive officer (CEO) of both Munich Reinsurance Company of Canada and Temple Insurance Company.   15 May 2019

Insurance

Munich Re enters global telematics partnership with The Floow

German reinsurer Munich Re has entered into a global partnership with UK-based data analytics and telematics provider The Floow.   15 May 2019

Alternative Risk Transfer

Risk trading insurtech AkinovA secures Bermuda's first regulatory sandbox licence

AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has received the first insurance regulatory sandbox licence from the Bermuda Monetary Authority (BMA).   15 May 2019

Insurance

Ryan Specialty hires Chubb's senior manager for CorRisk

CorRisk Solutions, a part of Ryan Specialty Group (RSG), has hired Donna Belvedere to lead its professional liability team, based in New York.   15 May 2019

Insurance

Aspen parts ways with Bermuda CEO, group COO, puts MGA into run-off amid major reshuffle

Bermuda-based Aspen Insurance Holdings has made a series of key changes in its executive leadership team, as well as placed its UK-based MGA Aspen Risk Management (ARML) into run-off, and closed its Dublin office, in a move it hopes will strengthen the company's "competitive position" and enhance operational efficiency under Apollo's ownership.   15 May 2019

Insurance

Argo makes new plea to investors; stresses board was set to shrink regardless of Voce

Amid the ongoing dispute with activist shareholder Voce Capital Management, Argo Group has made another plea for investors to back its nominees ahead of its Annual Meeting of Shareholders while also clarifying that a reduction in the size of its board was a pre-planned move and not one prompted by the pressure being applied by Voce.   14 May 2019

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