Articles

Insurance

DAC Beachcroft and partners develop AI to deliver ‘immediate answer’ on motor liability

An AI-powered tool that “delivers an immediate answer on liability” following a motor accident is being developed by international law firm DAC Beachcroft in partnership with insurtech start up Automated Insurance Solutions (AIS) and claims solutions provider Audatex.   10 July 2019

Insurance

Ryan Specialty bags group chief compliance officer from Chubb

Chicago-based specialty insurance services business Ryan Specialty Group (RSG) has appointed Michael Blackshear as senior vice president and global chief compliance officer.   10 July 2019

Insurance

Canopius hires Talbot, XL Catlin executives in APAC growth drive; gains approval from Lloyd’s

Specialty re/insurer Canopius has made four new appointments for its recently established Canopius Australia & Pacific branch in Sydney, which has also gained binding authority approval from Lloyd’s.   8 July 2019

Insurance

Brit taps AIG, NAS executives to grow cyber & technology practice

Specialty re/insurer Brit has appointed James Patterson and Ryan Mimmo as vice president, cyber & technology, for Brit Global Specialty USA (BGSU).   8 July 2019

Insurance

Everest hires Leeks from Berkshire Hathaway as Lloyd’s Syndicate underwriter

Everest Insurance International, the specialty insurance division of Bermuda-based Everest Re Group, has appointed Martin Leeks to its Lloyd’s Syndicate 2786 as a medical malpractice and multi-national/ specialty underwriter.   4 July 2019

Insurance

Chubb to stop insuring, investing in coal amid climate concerns

Property/casualty insurer Chubb is the latest major insurer to stop underwriting and investing in coal-related policies amid rising climate concerns.   2 July 2019

Alternative Risk Transfer

Liberty Mutual renews Limestone Re sidecar at $240m despite 'challenging ILS market'

US insurer Liberty Mutual has renewed its Bermuda domiciled reinsurance sidecar Limestone Re at approximately $240 million, an overall lower target size than last year's $278 million due to a "revised portfolio composition".   2 July 2019

Insurance

Greenlight Re invests in travel insurance MGA Battleface

Cayman Islands-based reinsurer Greenlight Capital Re has made a strategic investment in travel medical insurance managing general agent Battleface.   2 July 2019

Insurance

Alleghany appoints Jacobs as new CFO and Sennott as CapSpecialty CEO

Alleghany Corporation has appointed Jack Sennott as chairman, chief executive officer and president of its wholly-owned subsidiary CapSpecialty, an underwriter of commercial property, casualty and surety insurance coverages.   2 July 2019

Insurance

Miller swoops on Skuld's Simon Neale for energy facultative reinsurance unit

Re/insurance broker Miller has hired broker/producer Simon Neale to further grow its global energy facultative reinsurance offering.   2 July 2019

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