News
Insurance
Some $3 billion of large claims from natural catastrophes and man-made losses battered Swiss Re’s 2018 results but the reinsurer still posted a decent profit and increased its gross written premiums by some 5 percent. 21 February 2019
Insurance
Incidents of so-called sextortion, whereby criminals attempt to extort money from users of pornographic websites, are increasingly rapidly, according to Beazley Breach Response (BBR) Services, which said a growing number of commercial clients were targeted by this in the fourth quarter of last year. 21 February 2019
Insurance
Alleghany Corporation’s president and CEO admitted the firm was “not immune” from above average catastrophe losses in 2018 as he announced the 2018 year end results. 21 February 2019
Insurance
Swiss Re has revealed that it has hired an executive from a Germany IT and consulting company to take over as chief operating officer in July. The reinsurer said the move is designed to strengthen its expertise in technology and digital transformation. 21 February 2019
Insurance
Bermuda-based reinsurer PartnerRe has appointed Chubb's Jacques Bonneau to its board of directors. 21 February 2019
Insurance
The UK Financial Conduct Authority (FCA) has found no significant issues to “merit the introduction of intrusive remedies”, following its review of the wholesale insurance brokers market. 21 February 2019
Insurance
US-based Nassau Re has launched an insurtech incubator to support start-ups focused on the life insurance, annuity and reinsurance industries. 21 February 2019
Insurance
Willis Re, the reinsurance division of broker Willis Towers Watson, has set up an agriculture team in Asia Pacific with the appointment of Canopius executive David Gregori. 20 February 2019
Insurance
Specialist re/insurer Ascot has appointed Jeff Vetter as executive vice president and head of inland marine. He joins from Markel where he led their inland marine division. 20 February 2019
Insurance
The American Agricultural Insurance Company (AAIC) has launched a cyber insurance product to protect small business owners and farmers/ranchers from the growing risks they face. 20 February 2019
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