News

Insurance

AXA XL partners with AI specialist Expert System on property risk engineering risks

AXA XL Risk Consulting has partnered with Expert System, a specialist in the use of artificial intelligence (AI), to help its underwriters make better decisions to when assessing property risk engineering risks.   10 January 2019

Insurance

Aon partners with SBC InsurTech on commercial and speciality lines

Re/insurance broker Aon has partnered with SBC InsurTech, a company focused on innovation programmes for the insurance industry, help its clients make better decisions around how they might partner with and invest in insurtech start-ups.   10 January 2019

Insurance

Marsh outlines $5bn senior notes offering plan for JLT deal

Marsh & McLennan Companies (MMC) has outlined pricing plans to issue $5 billion of senior debt across six different bonds used to fund its acquisition of JLT Group.   9 January 2019

Alternative Risk Transfer

Liberty Mutual strikes new $150m Limestone Re deal despite ‘challenging conditions’

US insurer Liberty Mutual has secured $150 million of collateralised reinsurance capacity through its Bermuda domiciled segregated account company Limestone Re.   9 January 2019

Insurance

Argo renews sidecar Harambee Re for 2019

Specialty re/insurance underwriter Argo Group International Holdings has renewed Harambee Re as its sidecar reinsurer for 2019.   9 January 2019

News

Liberty Mutual Re hires Hannover Re exec to spearhead underwriting strategy

Liberty Mutual Re, part of Liberty Mutual Insurance Group, has appointed Uwe Haug as head of underwriting strategy and business development for its global financial risks reinsurance business.   8 January 2019

Insurance

Swiss Re CS launches parametric water-level coverage called FLOW

Swiss Re Corporate Solutions has launched a new parametric water-level insurance coverage called FLOW.   8 January 2019

Insurance

Benchimol, Grandisson and Driscoll to serve as chairs of ABIR

Albert Benchimol, chief executive of AXIS Capital, will serve as the chair of the Association of Bermuda Insurers & Reinsurers (ABIR) for 2019; Marc Grandisson, CEO of Arch Capital joins as deputy chair and Kean Driscoll, CEO of Validus Reinsurance, as second deputy chair.   8 January 2019

Insurance

NAGICO-Swiss Re sign 2019 XoL reinsurance renewal at sea

NAGICO Group, one of the largest privately-owned general insurance companies in the Caribbean, renewed a substantial excess of loss treaty with Swiss Re on Jan 1 – and, in a symbolic gesture, signed the deal at sea.   8 January 2019

Insurance

Argo appoints interim head of Colony Specialty following retirement

Argo Group US has appointed Gary Grose, Argo Group’s head of marketing and producer management, as the interim head of Colony Specialty, its excess and surplus lines carrier, following the retirement of Ron Vindivich.   8 January 2019

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