Articles
Insurance
An acceleration in the take-up of technology can be expected “in the next five years” as more insurance industry executives recognise the value it can provide, said Steve Cloutman, managing director at advanced analytics company Ventiv Technology. 4 June 2019
Insurance
Universal Property & Casualty Insurance Company (UPCIC) has expanded the top of its reinsurance tower for a single Florida event to $3.28 billion (an increase of $134 million) as part of Universal Insurance Holdings’ 2019-2020 reinsurance programmes, effective June 1, 2019. 3 June 2019
Insurance
Re/insurance broker Aon has entered into a commercial partnership with insurtech start-up CoverWallet, an online platform helping small businesses to understand, buy and manage insurance, in Australia. 31 May 2019
Insurance
Swiss Re Corporate Solutions is collaborating with aeronautics firm Airbus Aerial to offer flood prevention modeling services using drone-collected data. 28 May 2019
Alternative Risk Transfer
Swiss Re places $100m First Coast Re II cat bond in Singapore, "excited" to promote Asian ILS market
Global reinsurer Swiss Re has placed the first catastrophe bond, a $100 million First Coast Re II (Series 2019-1), under Singapore's new insurance-linked security (ILS) framework for Security First Insurance Company. 28 May 2019
Insurance
Shareholders voted “overwhelmingly in favour” of directors put forward by re/insurance firm Argo at its AGM, crushing a bid to change direction at the top of the company by activist investor Voce Capital Management. 28 May 2019
Insurance
Talbot Underwriting, a subsidiary of American International Group (previously Validus Holdings), is closing its Australian office and Lloyd’s China division, in a move the company hopes will bring "enhanced value" to its partners in the region. 28 May 2019
Insurance
Norwich-based insurance provider for the sharing economy Pikl has raised £2.5 million seed/pre-series A funding from Sir Peter Wood, the founder of Direct Line and Esure. 28 May 2019
Insurance
Bermuda-based re/insurer Everest Re Group has appointed Stone Point Capital founding partner Meryl Hartzband to its board of directors. 28 May 2019
Insurance
Specialist insurer Markel International has appointed Rajesh Sinha as head of personal accident, contingency and entertainment (PACE) in Asia. 28 May 2019
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