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Insurance
Fadata, a provider of advanced insurance technology solutions, has won its first major UK customer for its INSIS product. 18 May 2016
Insurance
The Catastrophe Risk Exchange (CATEX) has agreed to provide RenaissanceRe a worldwide a license to a software application that manages the full range of a delegated authority binder or programme transactions. 8 September 2016
Insurance
Swiss Re Corporate Solutions has appointed Didier Bélot as the head of South East Asia, based in Singapore. 23 November 2017
Alternative Risk Transfer
The Texas Windstorm Insurance Association (TWIA) has completed a $400 million catastrophe bond hedging its exposure to tropical cyclone risks. 3 July 2014
Insurance
TransRe helped boost the results of parent company Alleghany Corporation in the first quarter of 2018, though the company’s group CEO expressed disappointment that rate hikes in the reinsurance business were not higher following the high cat losses of 2017. 4 May 2018
Alternative Risk Transfer
Forecasters are predicting a higher likelihood of an above-normal hurricane season for 2017, and they increased the predicted number of named storms and major hurricanes, according to the National Oceanic and Atmospheric Administration (NOAA). 11 August 2017
Insurance
Alesco Risk Management Services, a specialist insurance and risk management broker, is expanded its energy division with the appointment of Bob Choppen, formerly deputy managing director of energy at Willis Towers Watson. 11 August 2017
Insurance
Martin Senn, former chief executive officer (CEO) of Zurich Insurance, has committed suicide six months after leaving the company. 31 May 2016
Alternative Risk Transfer
US-based property/casualty insurer Travelers has increased its catastrophe bond coverage to take advantage of the favourable pricing environment while reducing traditional reinsurance purchase, Travelers chief financial officer Jay Benet said during the second quarter 2018 conference call. 23 July 2018
Insurance
Charles Taylor InsureTech has launched what it has described as the world’s first cloud-based life, health and protection core insurance platform, which will allow insurers to scale-up new products in a matter of weeks. 15 November 2017
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