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Insurance
Chubb is joining forces with insurtech Bunker Technologies to accelerate new insurance product development for a flexible working environment. 5 April 2018
Insurance
The downstream insurance capacity is set to rise further in 2018 despite record losses in 2017 while rates remain subdued, according to a Willis Towers Watson report. 5 April 2018
Insurance
Willis Towers Watson has transferred its UK Insurance Investment Solutions Group (IISG) to the company’s Insurance Consulting and Technology (ICT) UK Life business. 5 April 2018
Insurance
Specialty insurance holding The Navigators Group and Protective Insurance have entered into a workers’ compensation underwriting partnership. 5 April 2018
Insurance
Zurich Insurance Group has elected former Swiss Re CEO Michel Liès as chairman of the board of directors for a one-year term. 5 April 2018
Insurance
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has appointed Nicholas Pooley as the new aviation major risks product lead for North America, based in New York. 5 April 2018
Insurance
Broker Lockton has appointed senior vice presidents Jon Green and Chris Rofe to jointly assume the leadership responsibilities for its UK and international benefits practice. 5 April 2018
Alternative Risk Transfer
The US Federal Emergency Management Agency (FEMA) plans to secure additional reinsurance cover for the National Flood Insurance Program (NFIP) by engaging the capital markets for the first time through an insurance-linked securities (ILS) transaction on or about July 1, 2018. 4 April 2018
Insurance
Large primary carriers are re-entering the reinsurance market after having largely abandoned the sector in the 1990s and early 2000s, according to Willis Re CEO James Kent. 3 April 2018
Insurance
Bermuda-based White Mountains Insurance Group has agreed to acquire a majority stake in NSM Insurance Group, a US-based specialty insurance programme administrator, for approximately $388 million. 3 April 2018
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