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Insurance
New products based on technology and data are increasingly being brought to market, while claims processes are being sped up through technologies such as blockchain, freeing up capabilities for new services, according to panellists at an Intelligent Insurer roundtable sponsored by S&P Global Ratings at October’s Baden-Baden Reinsurance Meeting. 10 December 2017
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, intends to redomicile its insurance company from the UK to Luxembourg. 8 December 2017
Alternative Risk Transfer
The average performance of cat bonds improved dramatically in October, up 0.35 percent, but the performance of some managers will diverge due to recent losses, the complexities of which also mean loss information is still being gathered by many managers. 7 December 2017
Insurance
Renewals negotiations point to a rate increase of around 10 percent in US property cat reinsurance while primary insurance is also witnessing higher pricing, Morgan Stanley analysts said in a research note after meetings with re/insurers. 7 December 2017
Insurance
A gap of $20 billion between company losses and estimates of total insured losses suggests that some company estimates will rise in 2018, fuelling reinsurance price rises, according to Jefferies analysts. 7 December 2017
Insurance
Specialist Lloyd's insurer Neon has appointed Tim Overton to the newly-created role of head of pricing. 7 December 2017
Insurance
Catastrophe modelling firm AIR Worldwide has updated its loss estimates for hurricane Maria in the Caribbean to between $27 billion and $48 billion. 7 December 2017
Insurance
Ratings agency AM Best has places credit ratings of US health insurer Aetna and its insurance subsidiaries under review with negative implications following its planned acquisition by US drugstore operator CVS Health Corporation. 7 December 2017
Alternative Risk Transfer
Markel CATCo Investment Management has appointed Alissa Fredricks as its new chief executive officer, Bermuda. 7 December 2017
Insurance
Commercial and industrial property insurer FM Global has appointed Randy Hodge to senior vice president, underwriting and reinsurance. 7 December 2017
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