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Insurance
AXA XL has strengthened its UK Life, Accident & Health team with key hires and promotions. 5 November 2019
Insurance
Oxbridge Re has reported a net loss in its third quarter 2019 results, although Jay Madhu, president and chief executive officer, praised the reinsurer’s “conservative risk management underwriting focus” for helping the company “remain unaffected by the devastation” caused by Hurricane Dorian, Typhoon Hagibis and the recent California wildfires. 5 November 2019
Insurance
Specialty insurer NMU has extended its standalone cyber product CyberSafe to now include a range of new services and extended benefits, chiefly customer payment fraud protection, and cover for business interruption loss resulting from reputational harm. 5 November 2019
Insurance
Independent specialist re/insurance broker BMS Group has appointed Jeff Irvan as chief property officer, US reinsurance, reporting to BMS US reinsurance president Pete Chandler. The appointment is effective immediately. 5 November 2019
Insurance
Lloyd’s has made several new appointments across three charities to help address key issues facing the insurance sector around; innovation, managing risk, building resilient communities and empowering individuals to reach their potential. 5 November 2019
Insurance
AIR Worldwide has launched a Multiple Peril Crop Insurance (MPCI) Model for India to boost “probabilistic assessments” of potential losses caused by yield shortfalls for 11 major crops. 5 November 2019
Insurance
MGA Nexus Group has launched Nexus Specialty Inc. in the US as a rebrand of Equinox Global Inc. as it looks to build the operation both through acquisition and organically to become a leading specialty MGA in the territory. 4 November 2019
Insurance
The re/insurance industry needs to “collaborate closely with the public sector” to close the insurance protection gap in Asia Pacific, according to Hermann Pohlchristoph, a member of Munich Re’s management board. 4 November 2019
Insurance
Individual life insurance providers are shifting their approach from producer focused to end-customer focused by introducing more online access capabilities and more frequent customer touch points. 4 November 2019
Insurance
Fidelis Insurance has taken an equity stake in new MGA Perigon Product Recall Limited, and will be providing underwriting capacity. 4 November 2019
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