News
Insurance
Prudential has named Charles Lowrey as its next CEO, effective December 2018. He succeeds the company's long-time leader John Strangfeld, who has been chairman and CEO for 11 years. 13 September 2018
Alternative Risk Transfer
The re/insurance industry should brace itself for losses of between $15 billion and $20 billion, according to the guidance of risk modelling agencies and analysts. 13 September 2018
Insurance
Hurricane Florence has weakened to a Category 2 storm as it approaches landfall in the US – but it is very slow moving and could linger the coastline bringing catastrophic flooding and heavy losses to insurers. 13 September 2018
Insurance
Private equity firm The Carlyle Group will acquire the majority ownership of technology-driven risk solutions provider Sedgwick in a transaction valued at approximately $6.7 billion. 13 September 2018
Alternative Risk Transfer
Hurricane Florence could trigger the risk transfer mechanisms put in place by the National Flood Insurance Program (NFIP) – for the second year in a row. 13 September 2018
Insurance
MSIG Insurance in Singapore has partnered with Anapi, an insurtech startup, to offer new insurance products digitally quickly. 13 September 2018
Insurance
UK insurtech startup Wrisk, which has now raised £1 million via crowdfunding website Seedrs, has secured a deal to become the sole BMW and MINI Car Insurance in the UK. 13 September 2018
Insurance
Property/casualty insurer Travelers Companies has appointed Mojgan Lefebvre as executive vice president and chief information officer. She succeeds Madelyn Lankton, who will retire this month after 36 years with Travelers. 12 September 2018
Insurance
Liberty Mutual has launched a new global transaction solutions (GTS) unit to serve the growing market for mergers & acquisitions (M&A) insurance solutions. 12 September 2018
Insurance
The reinsurance market must accept that buyers won’t pay a higher price and instead focus on increasing efficiencies in how business is transacted, Michael Papworth, head of Asia and property & casualty at Miller, told Monte Carlo Today. 12 September 2018
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