News
Insurance
Federated National Holding Company has finalised its excess of loss catastrophe reinsurance programme for 2018-2019. 1 June 2018
Insurance
Megacities represent significant concentrations of exposure at risk from typhoons—with high population densities and often unregulated expansion—and efforts are needed to make them more resilient to natural disasters, Hemant Nagpal, managing director and specialist on Asia-Pacific models at RMS, told SIRC Today. 31 October 2018
Insurance
Chinese insurers are diversifying their business and product offering, which is set to lead to higher cessions to reinsurers, Brian Secrett, chief underwriting officer at Tokio Millennium Re (TMR), told SIRC Today. 30 October 2018
Insurance
CLARA Analytics, an artificial intelligence (AI) and data science company focused on the property/casualty and disability insurance industries, has raised $11.5 million of Series A funding round led by Oak HC/FT, a private equity fund that invests in healthcare information & services and financial services technology. 5 January 2018
Insurance
London-based insurtech company Concirrus launched an AI-powered marine insurance analytics platform called Quest. 20 September 2017
Insurance
Allianz said on Sept. 19 that the supervisory board of its German unit named Klaus-Peter Röhler CEO of the German operations, effective Jan. 1, 2018. 20 September 2017
Insurance
Australia’s largest general insurer and largest personal injury insurer Suncorp will increase the top of its reinsurance programme to A$6.9 billion following an extensive review of the portfolio, the company’s buyer told Monte Carlo Today. 15 September 2015
Insurance
Rate increases have tapered off since the January 2018 renewal, with lower, single-digit rate increases in the June and July renewals, according to Megan McConnell, director of underwriting London at Hiscox Re & ILS. 10 September 2018
Insurance
Fitch Ratings has revised its outlook for the global reinsurance sector to stable from negative, saying it believes that earnings have settled at a “new normal”, with return on capital likely to be more modest but less volatile than before. 10 September 2018
Insurance
Copenhagen-based specialty non-life insurer Gefion has closed a private placement of €10 million Solvency II-compliant subordinated notes, with funds managed by Fermat Capital Management. 25 July 2017
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