News

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

AIG appoints global head of real estate from Goldman Sachs

American International Group (AIG) has appointed James Love as global head of real estate, effective August 6.   18 July 2019

Insurance

Insurance market in Russia bounces back but threats remain: AM Best

Russia's insurance market has reached a positive turning point as premiums grew in 2018 driven by life and non-life products, however, credit ratings agency AM Best warned that the recovery was “fragile” as threats remain.   18 July 2019

Insurance

Carmilani leaves Allied World to take organic growth role at Fairfax; successor revealed

Canada-based property and casualty re/insurance conglomerate Fairfax Financial Holdings has appointed Allied World CEO Scott Carmilani in a new role that it hopes will help promote organic growth and collaboration initiatives across its global operations.   18 July 2019

Insurance

Hamilton appoints Krishnamoorthy CTO to develop data-driven technology strategy

Bermuda-based Hamilton Insurance Group has appointed Venkat Krishnamoorthy to the newly-created position of chief technology officer (CTO), responsible for the development of the company’s data-driven technology strategy and execution.   18 July 2019

Insurance

Hurricane Barry insurance losses at least $300 million, says risk modeller KCC

Insured losses from storm system Barry, which was briefly a hurricane, will be close to $300 million, according to Karen Clark & Company (KCC).   17 July 2019

Insurance

Ogden discount rate ‘just a bump in the road’ for motor insurers, says S&P

S&P Global Ratings said the less generous than expected minus 0.25 percent Ogden discount rate announced yesterday is ‘just a bump in the road’ for UK motor insurers.   16 July 2019

Insurance

Hudson Structured leads Series B funding round for insurtech RiskGenius

Hudson Structured Capital Management (HSCM Bermuda) has led the Series B funding round of insurtech RiskGenius, which provides software-based natural language processing tools for improving the quality and accuracy of insurance policies.   16 July 2019

Insurance

International Re launches first re/insurance solution for mid-sized captives

Specialist captive managing general agent (MGA) International Re (I–RE) has launched a re/insurance solution for mid-sized captives with the establishment of I–RE SA.   16 July 2019

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