News
Alternative Risk Transfer
Twelve Capital, an independent investment manager specialising in insurance with approximately $4 billion in assets under management, is expanding its product range for insurance-linked securities (ILS) investors, including cat bonds, collateralised reinsurance and multi-asset offering, across its target markets in Europe. 19 June 2019
Insurance
Insurtech ChainThat, a provider of blockchain solutions for the re/insurance industry, has gained approval to be the first company to join the Bermuda Monetary Authority (BMA) Innovation Hub. 19 June 2019
Insurance
AXA XL, the property & casualty and specialty risk division of AXA, has named AIG's Robert Klepper as chief underwriting officer (CUO) of short-tail insurance lines. 19 June 2019
Insurance
Property/casualty insurer WR Berkley Corporation has appointed Daniel Spragg as president of Berkley Select, the company’s professional liability insurance unit. 19 June 2019
Alternative Risk Transfer
The development and growth of weather risk protection products, in response to increasing awareness of climate change, “feels like the early days of the catastrophe ILS market”, Nephila Climate chairman Barney Schauble has said. 18 June 2019
Insurance
Technology-driven risk solutions provider Sedgwick has named Wayne Cheng its new chief operations officer (COO) for Asia. 17 June 2019
Insurance
Re/insurance legacy specialist Compre has made three acquisitions to “consolidate a complex legacy London Market pool”, involving Basler Versicherung AG (Baloise), Helvetia Swiss Insurance Company (Helvetia), and an undisclosed European insurance group. 14 June 2019
Insurance
Global professional services firm Aon has hired Richard Phelps as an Enterprise Client Group leader as part of expansion plans. He will report to Jim Herbert, co-global head of the company’s Enterprise Client Group. 14 June 2019
Insurance
New York-based insurance start-up Sure has raised an additional $12.5 million in a Series B funding round led by WR Berkley Corporation, bringing its total financing to $23.1 million. 13 June 2019
Insurance
Specialty re/insurer Chaucer has appointed Sarfraz Pivano as accident & health treaty underwriter in the reinsurance division. 13 June 2019
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