News

Insurance

Munich Re appoints Von Bomhard as new chairman of supervisory board

Reinsurer Munich Re has elected former CEO Nikolaus von Bomhard as the new chairman, and Anne Horstmann as deputy chairman of the supervisory board.   1 May 2019

Insurance

Allianz in 'advanced talks' to buy L&G's home insurance business: report

German insurer Allianz is in "advanced talks" to buy Legal & General’s (L&G's) home insurance business, Sky News reported on April 29.   30 April 2019

Insurance

Faraday CEO D’Arcy named Gen Re head of international property & casualty

Gen Re, a Berkshire Hathaway company, has appointed Andrew D’Arcy as the head of Gen Re international property & casualty.   30 April 2019

Insurance

Stephen Catlin launches re/insurance start-up Convex with $1.8bn capital raise; secures A- rating from AM Best

Insurance veteran Stephen Catlin and Paul Brand have launched a new specialty re/insurer focused on complex risks with an initial capital commitment of $1.8 billion, and an "exceptional group" of underwriting experts.   30 April 2019

Insurance

Canopius expands in Asia Pacific with new Australia office; hires Tokio Marine exec

Specialty re/insurer Canopius is launching a new office in Sydney, Australia as part of its strategy to expand in the Asia Pacific region.   30 April 2019

Insurance

Lloyd's report examines unanswered questions about AI risk liability

While artificial intelligence (AI) and robotics have helped insurers improve their operations and increase efficiency, it has also introduced new risks relating to trust, ethics, security and safety, a new Lloyd's report has suggested.   29 April 2019

Insurance

Lloyd’s Lab second cohort features AI, gig economy and language tech

Lloyd’s Lab, the experimental development hub for Lloyd’s of London, has unveiled its second cohort of 12 teams, which include AI, gig economy, and language processing innovators.   29 April 2019

Insurance

SCOR shareholders back CEO Kessler opposing "destabilisation attempt" by investor CIAM

The shareholders of reinsurer SCOR have rejected the resolution proposed by its activist investor CIAM that suggested its CEO Denis Kessler be removed from the company's board of directors, calling it a "destabilisation attempt" at its annual general meeting (AGM) on April 26.   26 April 2019

Insurance

Qatar Re appoints Michael van der Straaten as new CEO

Bermuda-based Qatar Re, a subsidiary of Qatar Insurance Company (QIC), has confirmed the appointment of Michael van der Straaten as its chief executive officer (CEO).   26 April 2019

Insurance

PWC: value of US insurance M&As drops in Q1 despite rise in transactions

US insurance sector deal value dropped in the first quarter of 2019 compared with the same three months in 2018, research from PWC revealed, despite a “surge” in the number of M&As among property and casualty companies.   25 April 2019

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