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Insurance

Insured catastrophe losses at $19bn in H1 2019; Swiss Re highlights protection gap in emerging countries

Insured losses from global catastrophe events were estimated at $19 billion in the first half of 2019, mainly driven by secondary perils such as thunderstorms and flooding events, according to the new Swiss Re sigma report.   15 August 2019

Insurance

Australian reinsurance and binder broker Wickshire gains Lloyd's approval

Sydney-based independent reinsurance and binder placement broker Wickshire has been approved as a Lloyd’s of London broker.   15 August 2019

Insurance

Former Tokio Millennium Re CEO Hoshina joins risk trading insurtech AkinovA's board

AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has appointed founder and former CEO of Tokio Millennium Re Tatsuhiko Hoshina to join its advisory board.   15 August 2019

Insurance

Sedgwick creates new role to focus on Africa and Middle East expansion

Technology-driven risk solutions provider Sedgwick has hired Patrick Peters in a newly-created role to drive expansion across the Africa and the Middle East region.   15 August 2019

Insurance

Typhoon Lekima insured losses in China estimated to exceed $855m: AIR Worldwide

Insured losses from Typhoon Lekima that ravaged parts of China this weekend is expected to exceed CNY 6 billion ($855 million), according to catastrophe risk modelling firm AIR Worldwide.   15 August 2019

Insurance

Arch buys insurtech managing general underwriter Ventus Risk Management

Arch Insurance North America has entered into a definitive agreement to acquire insurtech managing general underwriter (MGU) Ventus Risk Management.   15 August 2019

Insurance

Todd Jones leaves Willis Towers Watson to become QBE North America CEO

Broker Willis Towers Watson has appointed Adam Garrard as new leader for the corporate risk & broking (CRB) segment, replacing Todd Jones who is joining specialist insurer QBE Insurance Group as CEO North America.   15 August 2019

Insurance

AIG snags Munich Re's Richard Olsen for top chief actuary role

American International Group (AIG) has hired Munich Re's Richard Olsen as new chief actuary, general insurance, based in New York.   15 August 2019

Insurance

M&A activity to continue as reinsurers grapple with challenging conditions, claims new report

Challenging business conditions, coupled with cheap financing in the debt market, will continue to fuel mergers and acquisitions (M&A) activity and drive consolidation in the global reinsurance market, according to a new report from Standard & Poor (S&P).   14 August 2019

Insurance

AXIS Re hires AXA XL's Gino Smith as head of property for EMEA and LatAm

AXIS Re, the reinsurance business segment of AXIS Capital Holdings, has appointed Gino Smith as head of property for Europe, the Middle East and Africa (EMEA) Latin America, effective November 2019.   14 August 2019

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