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Cat risk continues to evolve; protection gap not shrinking, warns Aon
Insurance
An analysis of catastrophe losses in 2018 shows that the protection gap is not closing and that catastrophe risk has continued to evolve and is more complex than ever, according to Aon’s latest Weather, Climate & Catastrophe Insight: 2018 Annual Report.   22 January 2019
India's strong economy means robust growth for insurance
Insurance
India's strong economy and evolving regulatory regime continue to support growth for its insurance and reinsurance sectors, according to a new report by Moody's Investors Service.   22 January 2019
North P&I Club opens Brexit subsidiary in Ireland
Insurance
Mutual marine liability insurer North P&I has received authorisation from the Central Bank of Ireland (CBI) to operate from Ireland, allowing it to implement its Brexit contingency plan.   22 January 2019
Insurance
AXA Venture Partners (AVP), the venture capital arm of insurer AXA, has raised $150 million for a new early-stage fund that will invest technology companies mainly focused on the insurance sector.   22 January 2019
Insurance
European legacy acquirer DARAG Group has purchased a portfolio of Italian non-life business, consisting primarily of motor third party liability from DONAU Versicherung.   22 January 2019
Insurance
Allianz Global Corporate & Specialty (AGCS), Allianz group's specialist corporate insurer, has launched a new reinsurance branch in India to capitalise on opportunities in what it calls one of the fastest emerging re/insurance markets, while expanding its business in Asia Pacific.   21 January 2019
Insurance
Germany’s Allianz has replaced the chief financial officer (CFO) of its commercial insurance arm Allianz Global Corporate & Specialty (AGCS) along with leadership changes at other operating entities.   18 January 2019
Insurance
Swiss Re has appointed Archie Kane as the new non-executive chairman of the board of its UK-based closed book business ReAssure.   18 January 2019
Insurance
Bermuda specialty re/insurer Argo Group International Holdings has estimated preliminary pre-tax losses of $32 million related to 2018 fourth quarter catastrophic events, primarily driven by hurricane Michael and the California wildfires.   18 January 2019
Insurance
Sirius America, a wholly owned subsidiary of Sirius International Insurance Corporation, has entered into a strategic partnership with Franklin Madison Group, an insurance marketing firm serving financial institutions.   18 January 2019

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