News
Insurance
Now seems to be a great time to be running an MGA – but are there downsides? And what is the future for the sector? We asked five MGAs some questions around their confidence, concerns and goals—and their opinions on technology in our virtual roundtable. 12 July 2019
Insurance
The Association of British Insurers (ABI) has appointed Allianz Insurance chief executive Jon Dye as its new chairman, replacing Amanda Blanc who resigned last week. 12 July 2019
Insurance
Bermuda-based specialty re/insurer Sompo International Holdings has named Michael Chang, Graham Evans and Christopher Sparro to co-lead its commercial property and casualty (SI Commercial P&C) insurance business. 11 July 2019
Insurance
Arcus Syndicate 1856, which is managed by Barbican Managing Agency, has hired Alex Shepherd as active underwriter from RenaissanceRe Syndicate 1458 where he was head of property. 11 July 2019
Insurance
Zurich-based reinsurer Swiss Re has suspended its previously announced initial public offering (IPO) of UK closed life book business ReAssure citing weak investor demand and market conditions. 11 July 2019
Insurance
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
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 has appointed Conor Smith as head of contract surety Canada. 10 July 2019
Insurance
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
US-based insurer Assurant has expanded its reinsurance protection, while lowering its per-event retention from $120 million in 2018 to $80 million, as it looks to reduce its catastrophe exposure and boost earnings in 2019. 10 July 2019
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