News

Insurance

Blockchain initiative B3i secures new funding from re/insurers; forms board of directors

The blockchain insurance industry initiative B3i has secured investment from three new re/insurers, alongside existing shareholders, in its latest funding round.   3 April 2019

Alternative Risk Transfer

Willis Re: reinsurers adopt ‘rational rating approach’ for April 2019 renewals

Reinsurers have adopted a rational rating approach for 1 April renewals with price increases of up to 25 percent concentrated on loss-affected contracts and programmes, Willis Re has said.   3 April 2019

Insurance

Munich Re unveils new personal lines homesharing product in US

Munich Reinsurance America (Munich Re US) has launched a new personal lines homesharing insurance product for hosts who rent their homes out for a profit in the US.   2 April 2019

Insurance

Monument Re acquires €140m Irish annuities portfolio from Rothesay Life

Bermuda-based Monument Re is to acquire a €140 million portfolio of Irish annuities from insurer Rothesay Life.   2 April 2019

Insurance

Beach adds Marsh and Miller execs to London wholesale practice

Re/insurance broking and advisory firm Beach & Associates hired Marsh and Miller executives to expand its wholesale operation in London.   2 April 2019

Alternative Risk Transfer

Former New Ocean CEO McKeown departs AXA XL; re/insurer eyes ILS growth

Re/insurer AXA XL has revealed that Chris McKeown, the former CEO of New Ocean Capital Management, has stepped down from his role as vice chairman to pursue other interests outside the company.   2 April 2019

Insurance

MMC and JLT merger completes, Guy Carpenter highlights tech and risk changes

As Marsh & McLennan, Guy Carpenter’s parent company, finalised its acquisition of Jardine Lloyd Thompson (JLT) today, Guy Carpenter’s Peter Hearn, president and CEO, and Ross Howard, vice chairman emphasised their focus on technology and how it will change the nature of risk.   1 April 2019

Insurance

Global reinsurer and specialty broker Ed recruits Abhishek Chhajer from Standard Chartered Bank

Global reinsurance, wholesale and specialty broker Ed has lured Abhishek Chhajer to the company to be head of credit, political risks and surety solutions, Asia Pacific.   1 April 2019

Insurance

Willis Re: Ethiopian Airlines crash liabilities could hit reinsurers’ premiums

Insurance claims following the Ethiopian Airlines crash and consequent grounding of Boeing’s 737 Max 8 planes could be as much as $1 billion, according to James Vickers, chairman of Willis Re International.   1 April 2019

Insurance

ArgoGlobal, a Lloyd’s insurer and Argo Group member, hires Helen Donegan

Lloyd’s insurer and member of Argo Group, ArgoGlobal, has secured Helen Donegan as head of operations – Europe, Middle East and Asia.   1 April 2019

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