News
Insurance
Cincinnati Financial Corporation has completed the acquisition of MSP Underwriting from Munich Re. The all-cash transaction values £102 million. 1 March 2019
Alternative Risk Transfer
Despite a multitude of other catastrophes in 2018, the single biggest loss event for reinsurers was so-called loss creep from 2017’s Hurricane Irma. Dirk Lohmann of Schroders examines what went wrong and what the industry must learn. 28 February 2019
Insurance
Bermuda-based reinsurer Third Point Re posted a net loss for both the fourth quarter 2018 and the full year, driven by "poor investment performance combined with modest catastrophe losses", according to its CEO Rob Bredahl. 28 February 2019
Insurance
RSA group CEO Stephen Hester welcomed the insurer’s increased headline profits in its 2018 results, but he said that at an underlying level the results were down and that the firm was taking decisive action to ensure a return to form in 2019. 28 February 2019
Insurance
Reinsurer Munich Re has selected insurtech CyberCube's analytics platform to help quantify, model and control cyber accumulation risk. 28 February 2019
Insurance
French reinsurer SCOR's international life and health subsidiary SCOR Global Life has made a series of promotions across its global markets, finance, and research and development (R&D) units. 28 February 2019
News
Accurately assessing damage, risk and claims for natural catastrophes has always been difficult. But McKenzie Intelligence Services is harnessing big data from satellites, ground sensors and even the internet of things to give insurers a much clearer picture and claims estimate. Forbes McKenzie, CEO of the business, tells Intelligent Insurer more. 27 February 2019
Alternative Risk Transfer
Insurance Australia Group (IAG) has issued its first catastrophe bond; the deal also the first to be domiciled in Singapore, using its new insurance-linked securities (ILS) laws. 27 February 2019
Insurance
As the clock ticks down on Brexit, Germany has adopted a provision to extend passporting rights for UK insurers if there is no deal. 27 February 2019
Insurance
US-based property/casualty insurer The Hanover Insurance Group has expanded its specialty leadership team with a series of talent investments. 27 February 2019
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