News

Insurance

Lloyd’s of London invests in AI-powered insurtech start-up Layr

Specialist insurance and reinsurance market Lloyd’s is investing in artificial intelligence start-up Layr, a cloud-based commercial insurance platform for small businesses, following the launch of its second cohort of insurtech innovators.   10 May 2019

Alternative Risk Transfer

Allianz boosts AGCS alternative risk transfer leadership in growth move

Allianz Global Corporate & Specialty (AGCS) has made key leadership changes targeting expansion in the alternative risk transfer (ART) space. The move follows the division of ART line of business into two specialist teams.   9 May 2019

Insurance

Arcus hires James from Markel as NA property treaty head

Arcus Syndicate 1856, which is managed by Barbican Managing Agency, has appointed Nick James as underwriting manager for North America property treaty.   9 May 2019

Insurance

Munich Re hires new Singapore & Southeast Asia CEO from Canopius

Munich Re has appointed Linus Phoon as chief executive officer (CEO) of Singapore and Southeast Asia, succeeding Till Böhmer who is returning to the company's head office in Germany to take up a new role.   9 May 2019

Insurance

AIG's Talbot founder Rupert Atkin steps down, is replaced by ex-Marsh chair

American International Group (AIG) has appointed Marsh's David Batchelor as new non-executive chairman of Talbot Group, replacing the company's founder Rupert Atkin who is stepping down after 28 years.   9 May 2019

Insurance

Everest Re reports jump in first quarter 2019 profits

Bermuda-based Everest Re Group posted growth in both its reinsurance and insurance businesses driven by solid underwriting and investment returns, according to its chief executive Dominic Addesso.   8 May 2019

Insurance

R&Q closes largest legacy acquisition deal with AXA; CEO Randall says '2019 pipeline is strong'

Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) has completed the acquisition of Global US Holdings from an investment vehicle managed by AXA Liabilities Managers (AXA LM).   8 May 2019

Insurance

RLI shakes up finance executive leadership as CFO Brown retires

US specialty insurer RLI has appointed Todd Bryant to replace Thomas Brown as the company's chief financial officer (CFO) from July.   8 May 2019

Alternative Risk Transfer

Willis Re: ILS market growth slows for two consecutive quarters

Growth in the insurance-linked securities (ILS) market has slowed for the second quarter in a row, according to the Willis Re ILS Market Update.   7 May 2019

Insurance

Ryan Specialty Group and Nationwide to launch new reinsurer Geneva Re in Bermuda

Ryan Specialty Group (RSG) has teamed up with insurance and financial services provider Nationwide to launch a new reinsurance company based in Bermuda, Geneva Re.   7 May 2019

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