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Insurance
Insurtech Artificial launches cross-discipline project using machine learning to develop ‘future of insurance software’
London-based insurtech, called Artificial, has launched the Artificial Beta Community project to shape the future of insurance software by uniting underwriters, brokers and MGAs with the company’s own team of data and machine learning experts.   8 October 2019
Insurance
Arch expects up to $75m cat loss in Q3 2019 from Hurricane Dorian and Typhoon Faxai
Bermuda-based re/insurer Arch Capital Group is expecting approximately $65 to $75 million (pre-tax) losses related to 2019 third quarter catastrophic events.   8 October 2019
Insurance
Financial Conduct Authority crackdown could hit profits for UK motor and home insurers, finds Fitch
Fitch Ratings has warned that UK motor and home insurers could see a drop in profits next year as the regulator, the Financial Conduct Authority (FCA), moves to end high prices for customers who do not shop around for a better deal.   8 October 2019
Insurance
The Hanover enhances cyber coverage to tackle complex exposures
The Hanover Insurance Group has launched a new stand-alone, non-admitted cyber offering for commercial lines agents and their clients.   8 October 2019
Insurance
MGA Hive Aero appoints aviation analyst
Hive Aero, a managing general agency (MGA) specialising in aviation hull war insurance, has hired Mark Shurville as aviation analyst.   8 October 2019
Insurance
Aston Lark makes key hire to drive future growth strategy under Goldman Sachs
UK insurance broker Aston Lark has appointed Andrew Scola to its executive leadership team in the newly created role of group chief technology and operating officer.   8 October 2019
Insurance
Low interest rates bigger worry for insurers than no-deal Brexit: S&P
Prolonged lower interest are rates a bigger worry than Brexit for insurers.   8 October 2019
Insurance
No-deal Brexit likely to impact insurers’ ratings less than other sectors: S&P
UK insurers will not be as badly affected as some other sectors in terms of ratings downgrades in the event of a no-deal Brexit.   7 October 2019
Insurance
Insurers lagging in digital transformation strategies: Capgemini
Only 37% of insurers have a holistic digital transformation strategy in place, despite the vast majority saying that capabilities in this area are important.   7 October 2019
Insurance
Liberty Mutual reveals changes in Continental Europe after key acquisitions
Liberty Mutual Insurance Group has restructured its financial risks reinsurance unit in Continental Europe following the acquisition of AmTrust's Nationale Borg Reinsurance (NB Re), in a move aimed at expanding its global footprint.   7 October 2019

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