News

Insurance

Tokio Marine partners with tech start-up incubator Plug and Play

Japanese property and casualty insurance group Tokio Marine Holdings has partnered with Singapore based Plug and Play's insurtech program.   21 August 2019

Insurance

Below average cat losses boost non-life profits in H1 2019: Fitch

Profitability for non-life reinsurers' underwriting rose in the first half of 2019 caused in part by below average catastrophe losses, which in turn helped to offset mixed results for life reinsurers, according to Fitch Ratings.   20 August 2019

Insurance

Brady replaces Fantozzi as sponsor for LM TOM delegated authority work

The London Market Target Operating Model (LM TOM) has confirmed Paul Brady, head of policyholder and third party oversight at Lloyd's, as the new sponsor for its delegated authority workstream.   20 August 2019

Insurance

Dramatic rise in fintech M&A and funding ramps up pressure on legacy firms: Hampleton Partners

Funding for fintech is rising at a dramatic pace with positive implications for insurtech developments ramping up pressure on legacy firms to compete, research suggests.   20 August 2019

Insurance

Devin Beresheim appointed executive vice president at Lockton Specialty Practices, replacing Brian Kawamoto

Lockton has appointed Devin Beresheim as executive vice president at its Lockton Specialty Practices, replacing Brian Kawamoto who retired last year.   20 August 2019

Insurance

MGA Avid sells majority stake to Beech Tree Private Equity to ‘fuel organic growth’

Specialist MGA Avid Insurance Services has sold a majority stake in the company to Beech Tree Private Equity (BTPE).   20 August 2019

Insurance

Guy Carpenter becomes ‘sole’ reinsurance intermediary for CEA California Wildfire Fund

The California Earthquake Authority (CEA) has appointed Guy Carpenter as sole reinsurance intermediary for its recently created California Wildfire Fund to develop a risk transfer and reinsurance strategy.   20 August 2019

Insurance

Saudi Re enjoys big increase in profits in first half of year

Saudi Reinsurance Company (Saudi Re) enjoyed a big increase in its profits in the first half of the year.   19 August 2019

Insurance

Re/insurers struggling with California wildfire risk despite rate hikes: S&P

The market for re/insuring California wildfire risk remain in disarray with no consensus on what constitutes adequate rates and little comfort with the risk despite substantial updates to wildfire risk models.   19 August 2019

Insurance

S&P praises improved underwriting discipline of Asia Capital Re

Asia Capital Re has improved its underwriting discipline and is in good shape to achieve stable growth over the next two years, according to rating agency S&P Global Ratings (S&P), which has affirmed the reinsurer’s financial strength rating at ‘A-’, and maintained its outlook for the Singapore-headquartered reinsurer at ‘Stable’.   19 August 2019

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