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Insurance
There is a real opportunity to improve reinsurance processes with the use of blockchain technology, which can deliver cost savings and efficiency gains of 30 percent by taking out unnecessary reconciliation, repetitive duplication of work and waiting times. 11 September 2017
Insurance
Asta Capital’s newly launched managing general agent (MGA) platform, Asta Underwriting Management (AUM), has appointed Sian Fisher as non-executive director of the board, in the first of what will be a series of hires. 16 September 2015
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher Holdings UK has appointed Simon Green as an independent non-executive director of its board with effect from June 1, 2017. 2 May 2017
Insurance
Ironshore International is introducing a specialty insurance product designed to address the risk exposure of film production companies shooting in at-risk locations worldwide. 7 June 2016
Insurance
Argo Group has appointed Jose Ribeiro, formerly chief executive officer (CEO) of Generali Brazil, to the newly created position of head of international. 2 September 2014
Insurance
The UK’s Lord Chancellor David Lidington has proposed to change the setting of the personal injury Ogden discount rate to set by reference to “low risk” rather than “very low risk” investments as at present, better reflecting evidence of the actual investment habits of claimants. 7 September 2017
Insurance
The number of completed mergers and acquisitions (M&A) in the global insurance industry fell to 387 in 2016, 13 percent down from the 444 transactions recorded in 2015, according to a new report. 16 March 2017
Insurance
Significant flaws exist in in the formula used to calculate the risk margin under Solvency II and a fundamental review of its methodology and calibration is required, Willis Towers Watson has claimed in a response to a European Insurance and Occupational Pensions Authority (EIOPA) Discussion Paper on the upcoming review of Solvency II. 16 March 2017
Insurance
Armour Group, the majority shareholder of insurance agency, Secure Legal Title, has acquired Mexican insurer Fidelity National Title de Mexico. 11 March 2015
Insurance
Specialist and corporate insurer Tokio Marine Kiln (TMK) has confirmed that Liberty Specialty Markets (LSM), provider of re/insurance products, will provide renewal terms on all expiring policies within its non-Japanese portfolio written in Spain. 21 December 2015
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