News

Insurance

AM Best unveils senior management restructure amid cost-cutting drive

Re/insurance rating agency AM Best is changing its senior management structure to cut costs and strengthen its Asia Pacific business following a "strategic review" of its core markets.   20 February 2019

Insurance

Risk modellers grapple with wildfire risk in wake of record losses

The Californian wildfires of 2018 set new records in terms of losses and left risk modelling agencies scrambling to reassure insurers they can get a handle on the risks.   20 February 2019

Insurance

Preservation Capital invests in US MGA Cove Programs post Ascent deal

Mid-market private equity firm Preservation Capital Partners, which last year acquired Ascent Underwriting, has made another strategic investment in a US-based specialist managing general agent.   19 February 2019

Insurance

Antares appoints Battle as CEO as Redmond switches roles

Antares, the Lloyd’s Managing Agency and member of the QIC Group, has appointed a new chief executive officer as its current leader moves roles.   18 February 2019

Insurance

Sirius unaffected by liquidity problems at parent CMIG: AM Best

AM Best has determined that Sirius is sufficiently independent of parent company China Minsheng Investment Group (CMIG) to be unaffected by reported liquidity issues at the Chinese company.   18 February 2019

Insurance

AM Best downgrades Allied World’s ICR ratings as casualty profits dip

Rating agency AM Best has downgraded the Long-Term Issuer Credit Ratings (ICR) of Allied World Assurance Company (Bermuda) and its operating affiliates to ‘a’ from ‘a+’.   18 February 2019

Insurance

SCOR partners with wearable tech provider in Asia Pacific to improve underwriting

SCOR Global Life, the international life and health subsidiary of French reinsurer SCOR, has partnered with wearable technology provider Garmin Health in Asia Pacific to improve its underwriting.   18 February 2019

Insurance

POP strikes M&A deal with Japanese insurer Rakuten to target Asia Pacific

Australia-based specialist insurer POP Insurance Holdings has launched a strategic partnership with Japanese property/casualty insurer Rakuten General Insurance.   18 February 2019

Insurance

UK insurtech investment jumps to $1bn in 2018, declines globally

Insurtech investments in the UK jumped nearly 20 percent in 2018 whilst the overall global investment levels declined year-on-year by almost half, according to a KPMG report.   18 February 2019

Insurance

Aon: cyber threat to rise in 2019 as 5G and internet of things grow

The growth of the ‘internet of things’ (IoT) and the rollout of 5G will make businesses more vulnerable to cyber attacks this year, Aon has warned in its 2019 Cyber Security Risk Report: "What's Now and What's Next".   18 February 2019

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