News
Insurance
Motor claims payout inflation in the UK surged by 8.6 percent in 2018, representing the fourth year of consecutive increases, which combine with further rises in 2019 has increased the pressure on premiums, a benchmarking study found. 23 August 2019
Insurance
US-based data and analytics firm Zendrive has raised $37 million in its Series B funding led by AXA XL's insurtech venture capital fund XL Innovate. 22 August 2019
Insurance
American International Group (AIG) has appointed The Hartford's Sabra Purtill in a newly created role of deputy CFO, head of treasury, investor & rating agency relations, and corporate development. 22 August 2019
Insurance
Property/casualty insurer Liberty Mutual has appointed Jon Tellekamp as chief underwriting officer (CUO) for national insurance – excess casualty, and Doug Manwaring as CUO of national insurance – public entities and programmes. 22 August 2019
Insurance
Specialist independent Lloyd’s broker SSL Endeavour has unveiled two “important” senior executive hires for the group on the same day it confirmed it was finalising the acquisition of Worldlink Holdings, a North American aviation brokerage and MGA. 21 August 2019
Insurance
The London Market Target Operating Model (LM TOM) has confirmed Paul Brady, head of policyholder and third party oversight at Lloyd's, as the new sponsor for its delegated authority workstream. 20 August 2019
Insurance
Lockton has appointed Devin Beresheim as executive vice president at its Lockton Specialty Practices, replacing Brian Kawamoto who retired last year. 20 August 2019
Insurance
Asia Capital Re has improved its underwriting discipline and is in good shape to achieve stable growth over the next two years, according to rating agency S&P Global Ratings (S&P), which has affirmed the reinsurer’s financial strength rating at ‘A-’, and maintained its outlook for the Singapore-headquartered reinsurer at ‘Stable’. 19 August 2019
Insurance
US-based enterprise risk management agency Cobbs Allen has formed a new specialty insurance brokerage and investment banking platform to serve corporates and private equity clients. The company believes that current consolidation in the marketplace has created a need for an independent platform with scalability and the ability to move quickly and nimbly. 16 August 2019
Insurance
Technology-driven risk solutions provider Sedgwick has hired Patrick Peters in a newly-created role to drive expansion across the Africa and the Middle East region. 15 August 2019
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