News

Insurance

Third Point Re confirms Malloy as CEO; adds ex-AIG CFO to board

Bermuda-based Third Point Re has affirmed Daniel Malloy as its chief executive officer (CEO) and appointed former AIG chief financial Officer Sid Sankaran to its board of directors.   8 August 2019

Insurance

IRB Brasil Re to become first Latin American stakeholder in blockchain insurance initiative B3i

Brazil's major reinsurer IRB Brasil Re is set to acquire an 8.93 percent stake in the blockchain insurance industry initiative B3i Services for €3.5 million.   8 August 2019

Insurance

Travelers names new co-chief investment officers

Property/casualty insurer Travelers Companies has appointed David Rowland and Daniel Yin to executive vice president and co-chief investment officer, effective immediately.   8 August 2019

Alternative Risk Transfer

ILS market growth second-slowest in eight years in Q2 2019: Willis Re

The insurance-linked securities (ILS) market declined year-on-year in the second quarter of 2019, making it the second-lowest Q2 for issuance by volume in the past eight years, except for 2016.   7 August 2019

Insurance

Munich Re seeks to revolutionise hurricane response with automated damage detection tools

Munich Re has launched a new suite of automated damage detection tools designed to "revolutionise" the insurer's ability to respond to hurricane events.   7 August 2019

Insurance

Sedgwick acquires Nordic Loss Adjusting in expansion move

Technology-driven risk solutions provider Sedgwick has acquired Nordic Loss Adjusting (NLA) and related entities in order to strengthen its presence in the Nordic region.   7 August 2019

Insurance

P&C insurance software firm Guidewire appoints Rosenbaum CEO

Property and Casualty (P&C) insurance industry firm Guidewire has appointed Mike Rosenbaum, former EVP Product at Salesforce, as chief executive.   6 August 2019

Insurance

Insurers close 60% of Townsville, Australia, cat flood claims

The Insurance Council of Australia (ICA) said that 60 percent of insurance claims lodged since the Townsville floods were declared a catastrophe have been closed “marking a significant milestone in the city’s recovery”.   6 August 2019

Insurance

Captive ‘strategy of choice’ for huge pension schemes to hedge longevity risk, says Prudential Insurance expert

A multi-billion dollar captive longevity reinsurance transaction (LRT) has been used to transfer risk linked to huge pension liabilities, suggesting a growing trend for this type of derisking deal.   6 August 2019

Insurance

Argo CEO Watson says 2019 Q2 / H1 results show ‘strong shareholder value creation’

Argo Group’s 2019 second quarter and half year results deliver “strong shareholder value creation” despite some claims volatility in the second quarter of 2018, said CEO Mark E Watson III.   6 August 2019

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