Articles

Insurance

Ascent hires MS Amlin's Paul Western as CUO post Cove merger

London-based cyber and specialty lines managing general agent Ascent Underwriting and Cove Programs, a US construction-focused MGA, has appointed Paul Western as group chief underwriting officer (CUO).   19 September 2019

Insurance

Coverys Managing Agency, which looks after Lloyd's syndicates 1975, 1991 and 3330, appoints David Hipkin as a non-executive director

Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991 and 3330, has appointed David Hipkin as a non-executive director.   19 September 2019

Insurance

Environmental risks are biggest ESG factors for insurers and reinsurers, especially in Asia-Pacific, Fitch heat map reveals

Environmental risks are the biggest ESG factor for insurers and reinsurers, and Asia-Pacific is the region of most concern.   17 September 2019

Insurance

IFRS 17 still beset by some uncertainties, says AM Best

Ratings agency AM Best has highlighted concerns about further amendments being proposed to the International Accounting Standard, IFRS 17, which seeks to reflect market values in the published financial statements of insurers.   16 September 2019

Insurance

Understanding worst-case scenarios crucial in cyber resilience strategy, data shows, suggesting $6tr global losses by 2021

A new research conducted by Cybersecurity Ventures suggests that the annual global cyber losses are expected to reach $6 trillion by 2021, with cyber security spending projected to exceed $1 trillion cumulative in the five years period leading up to 2021.   13 September 2019

Insurance

Extreme wildfire risk affects 775,654 US homes, finds CoreLogic report

There are 775,654 US homes at extreme risk of wildfire, according to CoreLogic analysts.   13 September 2019

Insurance

Thai Floods the turning point for understanding risk

David Masters, director at S&P Global Ratings, traces the increasing regionalisation of pricing back to the Thai floods of 2011.   12 September 2019

Insurance

Domestic firms dominate in Bolivia

With a lack of global players, the Bolivian insurance market differs greatly from that of Brazil, where local reinsurers must compete against each other and large companies with a wide array of offerings. AM Best speaks to FIDES Today.   11 September 2019

Insurance

Fitch: ratings outlook is promising but underwriting cycle is flatter

The rating environment is more positive than it has been for some time, Brian Schneider, senior director, insurance, Fitch Ratings, told Monte Carlo Today.   11 September 2019

Insurance

Distributed ledger technology will drive down costs: B3i

B3i wants to build a generic system for the insurance industry, and let insurers and brokers build their own proprietary systems that plug into it.   11 September 2019

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