News
Insurance
AXIS Insurance, a business segment of Bermuda-based AXIS Capital Holdings, has appointed Michael Baumel as new chief claims officer, succeeding David Hayward who is retiring in March 2020. 17 September 2019
Insurance
UK telematics firm Trak Global Group (TGG) has appointed Nino Tarantino as chief executive officer (CEO) for its insurance solutions North American business IMS, responsible for driving growth across the continent. 17 September 2019
Insurance
Specialist insurance intermediary New Dawn Risk Group has appointed James Bullock-Webster as head of technology, media and cyber. 17 September 2019
Insurance
Two London market veterans have launched a new body, the Commonwealth Insurance Forum (CIF), to promote the industry within the 53 countries of the British Commonwealth. 16 September 2019
Insurance
Hurricane Dorian will cost insurance losses of between $500 million and $1.5 billion in the US, much less than some had estimated. 16 September 2019
Alternative Risk Transfer
AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has donated some insurance-linked security (ILS) assets to ACORD, the global standards-setting body for the insurance industry. 16 September 2019
Insurance
Re/insurer AXA XL has made a number of appointments in its UK client and distribution team, based in London. 16 September 2019
Insurance
London-based House of Insurtech has launched a new cloud-based 'underwriting-as-a-service' platform, called Insurforce, that aims to lower administration cost, and increase flexibility for insurers, MGAs and brokers. 16 September 2019
Insurance
Lloyd's managing agent Vibe Syndicate Management has closed its accident & health (A&H) and property D&F business units with immediate effect, citing "difficult market conditions". 16 September 2019
Insurance
Ratings agency AM Best has highlighted concerns about further amendments being proposed to the International Accounting Standard, IFRS 17, which seeks to reflect market values in the published financial statements of insurers. 16 September 2019
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