News

Insurance

LMA, FOIL welcome Lloyd’s Blueprint One but highlight caveats for success

The success of Lloyd’s Blueprint One will depend on “our ability to innovate and evolve our model” to ensure the market continues to offer outstanding underwriting products and services to our customers,'' according to Sheila Cameron, Lloyd’s Market Association CEO.   1 October 2019

Insurance

Lloyd’s launches Blueprint One to build ‘most advanced’ insurance market in world

Lloyd’s launched its Blueprint One strategy yesterday (September 30) to “create execution certainty through phased delivery” in a bid to “build the most advanced insurance marketplace in the world”.   1 October 2019

Insurance

Hamilton brings Third Point Re's Steve Wilson to build new US reinsurance platform

Bermuda-based Hamilton Insurance Group has appointed Steve Wilson as senior vice president, head of casualty & specialty for its new US reinsurance platform.   1 October 2019

Insurance

Armour Group appoints Yulia Bruskova as group chief risk officer

Bermuda-based Armour Group has appointed Yulia Bruskova as group chief risk officer.   1 October 2019

Insurance

CIAM slams SCOR’s Quantum Leap strategy in renewed criticism

Activist investor CIAM has criticised SCOR’s Quantum Leap strategy, launched in early September, as “nothing innovative”, claiming it “mainly relies on new accounting standards (IFRS17) to revalue the reinsurer by 2021, without significant intrinsic value creation”.   30 September 2019

Insurance

Declining rates and rising claims hit African reinsurers’ profits, says Africa Reinsurance Pulse

Lower rates and higher claims are denting the profits of reinsurers in Africa, who are also worried about political uncertainties.   30 September 2019

Insurance

Insurtech firm Policy Expert wins digital technology and ecommerce awards

Insurtech firm Policy Expert has scooped two industry prizes: one for digital technology, and the other for ecommerce.   30 September 2019

Insurance

Cyber attacks on the rise — but companies still unprepared to tackle major threat

Cyber risks are the top concern among businesses of all sizes, but nearly half of them still don't have proper insurance coverage or risk management measures in place to address possible exposures, reveals a new survey by property/casualty insurer Travelers.   30 September 2019

Insurance

CAC Specialty hires JLT talent to lead portfolio solutions group

Specialty insurance brokerage and investment banking business CAC Specialty, a part of US risk management and insurance brokerage Cobbs Allen, has appointed André Eichenholtz as the leader of its portfolio solutions group.   30 September 2019

Insurance

Insured losses for Typhoon Faxai are between $5bn and $9bn, as Olympics approach in Japan: RMS

Insured losses for Typhoon Faxai, which has caused widespread disruption to Tokyo and surrounding areas in Japan, will be between $5 billion, and $9 billion, according to global risk modeling and analytics firm RMS.   30 September 2019

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