News
Insurance
US-based insurer Assurant has expanded its reinsurance protection, while lowering its per-event retention from $120 million in 2018 to $80 million, as it looks to reduce its catastrophe exposure and boost earnings in 2019. 10 July 2019
Insurance
French insurer AXA has appointed Renaud Guidée as its new group chief risk officer. 10 July 2019
Insurance
US-based property/casualty insurer The Hartford has appointed Matt Scott as head of the Northeast division for the company’s middle and large commercial insurance business. 10 July 2019
Insurance
Zurich Insurance Group has appointed Alison Martin to the role of chief executive officer (CEO) Europe, Middle East & Africa (EMEA) and bank distribution with immediate effect. 10 July 2019
Insurance
Following a successful run in the US, SkyWatch.AI, an on-demand telematics-based insurance platform for commercial drones, has launched in the UK. 9 July 2019
Insurance
Neil McConachie, the former co-founder and chief financial officer of Bermuda-based Fidelis Insurance, has stepped down from the board of Third Point Reinsurance. 9 July 2019
Insurance
Spanish insurer Mapfre and reinsurer China Re have agreed to collaborate on insuring investments related to the Chinese government’s huge infrastructure plan, the Belt and Road Initiative (BRI), which launched in 2013 and was designed to connect China with the world’s major economies. 9 July 2019
Insurance
Willis Re clients can now access support to write and price wildfire risk more accurately, as the reinsurance division of Willis Towers Watson has started offering a “location level wildfire risk” service. 9 July 2019
Insurance
Property/casualty insurer WR Berkley Corporation has appointed Daniel Westcott as new president of its Berkley Re America unit. 9 July 2019
Insurance
Flood Re, a joint initiative between the UK government and insurers, has made key proposals that would see it work with insurers to help claimants “build back better” by permitting the payment of claims to include an additional amount for resilient or resistant repair, “above and beyond the original damage”. 8 July 2019
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