News
Insurance
P&C ‘can catch up with’ personal lines to leverage advanced analytics for growth: Swiss Re Institute
Commercial lines “can catch up with” personal lines when it comes to the increasing use of advanced analytics to “unlock tangible value”, the Swiss Re Institute's latest sigma report has found. 21 August 2019
Insurance
Specialist independent Lloyd’s broker SSL Endeavour has unveiled two “important” senior executive hires for the group on the same day it confirmed it was finalising the acquisition of Worldlink Holdings, a North American aviation brokerage and MGA. 21 August 2019
Insurance
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
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
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
Specialist MGA Avid Insurance Services has sold a majority stake in the company to Beech Tree Private Equity (BTPE). 20 August 2019
Insurance
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 Reinsurance Company (Saudi Re) enjoyed a big increase in its profits in the first half of the year. 19 August 2019
Insurance
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
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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