News

Insurance

Generali expands into Portugal with two acquisitions worth €600m in total

Global insurer Generali has agreed two acquisition deals worth a total of €600 million to become the second largest non-life group in Portugal with a market share of 18.7 percent, making it the third largest business in the market.   19 July 2019

Insurance

Munich Re expects €1bn profit in second quarter 2019 due to lower expenditure and high reserve releases

Germany-based global reinsurer Munich Re expects to report a consolidated result of approximately €1 billion for the second quarter of 2019.   19 July 2019

Insurance

Lockton snags Willis Towers Watson cyber chief Anthony Dagostino to expand practice

Re/insurance broker Lockton has hired Willis Towers Watson cyber expert Anthony Dagostino to further expand its cyber and technology practice, and develop analytics-driven tailored solutions for clients that target their real, underlying cyber risk.   19 July 2019

Insurance

RMS: Hurricane Barry insured losses will not top $500m in US

Insured losses from Hurricane Barry, the second named storm of the 2019 North Atlantic hurricane season, will not top $500 million, global risk modeling and analytics firm RMS has said.   19 July 2019

Insurance

AFL taps UIB senior brokers Ritson and Draper to lead property and energy expansion

Independent Lloyd’s broker AFL Insurance Brokers has hired experienced brokers Mark Ritson and Peter Draper as directors of international property and energy.   19 July 2019

Insurance

DAC Beachcroft and partners develop AI to deliver ‘immediate answer’ on motor liability

An AI-powered tool that “delivers an immediate answer on liability” following a motor accident is being developed by international law firm DAC Beachcroft in partnership with insurtech start up Automated Insurance Solutions (AIS) and claims solutions provider Audatex.   10 July 2019

Insurance

Willis Re partnership evolves ‘wildfire risk score’ to raise insurance industry accuracy

Willis Re clients can now access support to write and price wildfire risk more accurately, as the reinsurance division of Willis Towers Watson has started offering a “location level wildfire risk” service.   9 July 2019

Technology

EmergIn Risk, a new approach fit for a changing landscape

The demand for global cyber cover is growing, but as the marketplace has become progressively crowded and fragmented, identifying the best solution has 
become increasingly difficult. Reza Khan and Jamie Bouloux, the leadership behind 
EmergIn Risk, explain to Intelligent Insurer how they have built an organisation prepared to offer differentiated and bespoke solutions on a global basis.   3 July 2019

Insurance

BLM partners with LSE to create innovative new AI insurance tool

Insurance risk and commercial law firm BLM has launched BLM Innovations, a suite of seven online analytics, case management and communications tools, which use artificial intelligence (AI) to predict the outcome a claim.   2 July 2019

Insurance

MGA capacity set to grow but carriers split on direction of travel, finds Clyde & Co survey

Fourth fifths (80 percent) of carriers expect to increase MGA capacity in 2019, according to a survey of more than 100 insurers and MGAs conducted by global law firm Clyde & Co.   1 July 2019

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