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Insurance
There is a real opportunity to improve reinsurance processes with the use of blockchain technology, which can deliver cost savings and efficiency gains of 30 percent by taking out unnecessary reconciliation, repetitive duplication of work and waiting times. 11 September 2017
Insurance
The number of completed mergers and acquisitions (M&A) in the global insurance industry fell to 387 in 2016, 13 percent down from the 444 transactions recorded in 2015, according to a new report. 16 March 2017
Insurance
Significant flaws exist in in the formula used to calculate the risk margin under Solvency II and a fundamental review of its methodology and calibration is required, Willis Towers Watson has claimed in a response to a European Insurance and Occupational Pensions Authority (EIOPA) Discussion Paper on the upcoming review of Solvency II. 16 March 2017
Insurance
The insurance industry must redouble its efforts to maintain its relevance as an increasing number of board-level risks do not have an insurable solution at the present time, according John Hurrell, the outgoing CEO of Airmic, the UK’s risk management association. 9 June 2017
Insurance
Re/insurer XL Catlin has expanded its mergers and acquisitions (M&A) insurance product suite while strengthening its global team with three key hires. 25 April 2017
Insurance
The insurance sector is at risk of being further marginalised by investors as performance reporting has become more complicated as a result of Solvency II, according to a joint report by Willis Towers Watson and Autonomous Research. 25 April 2017
Insurance
The senior executives of what will again be known as Canopius have said the business will seek growth through the recruitment of new teams and entry into new classes of business once its ownership passes from Sompo Japan Nipponkoa Insurance to a private equity consortium led by Centerbridge Partners. 1 September 2017
News
Tokio Millennium Re has appointed Andreas Kull as chief risk officer (CRO) and member of the Executive Committee of TMR. 1 April 2016
Insurance
General insurer Insurance Australia Group (IAG) has restructured its domestic business with the creation of a single division under current chief operating officer Mark Milliner. 19 July 2017
Insurance
Bermuda-based re/insurer Argo has appointed Alex Hindson as chief risk officer. 2 September 2015
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