News
Insurance
Re/insurance broker Aon’s shock revelation yesterday (Tuesday March 5) that it was mulling a takeover of Willis Towers Watson (WTW) is a result of its hand being forced by Marsh & McLennan’s pending takeover of Jardine Lloyd Thompson (JLT), according to sources close to the company. 6 March 2019
Insurance
Insurtech ChainThat, a provider of blockchain solutions for the re/insurance industry, is planning to launch the industry's first Distributed Ledger Technology (DLT) driven risk and capital exchange in Bermuda. 6 March 2019
Insurance
Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has hired Navigators' Ayesha West to join its cyber insurance group as a vice president. 6 March 2019
Insurance
Lloyd’s Brussels, the new Brexit subsidiary of London-centred specialist re/insurance market Lloyd’s, has received authorisation to underwrite insurance and reinsurance risks located in Monaco. 6 March 2019
Insurance
Aon has partnered with insurtech firm Skytek to monitor insurers’ marine risks and identify areas that require enhanced underwriting and reinsurance in real time.The development was driven by the rise of major container ports and mega ships, which expose re/insurers to risk accumulation during a catastrophe. To manage this risk monitoring vessel movements and estimating cargo accumulation has become critical for insurers. 5 March 2019
Insurance
Ian Tomlin has joined Special Contingency Risks (SCR) to lead and manage the strategic development of its accident and health offering. 5 March 2019
Insurance
A number of strong tornadoes have caused significant damage and deaths in parts of Alabama, Georgia, and Florida in the southeastern US. 5 March 2019
Insurance
Global insurance broking and risk management firm Marsh has unveiled Joe Grogan as executive chairman of Marsh Ireland. It also announced that the current managing director of JLT Ireland Patrick Howett will become CEO of Marsh Ireland when the deal between Marsh’s parent company, Marsh & McLennan Companies and JLT, closes. 5 March 2019
Insurance
Amynta Group, a group of warranty, managing general agent (MGA) and specialty risk companies, has appointed Bob James executive vice-president, Managing General Agencies. 5 March 2019
Insurance
US insurer Chubb has increased its stake in the Chinese Huatai Insurance Group creating the “first domestic Chinese financial services holding company to convert to a Sino-foreign equity joint venture”, the company said. 5 March 2019
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