Articles

Insurance

Ed bolsters risk solutions with senior hire from Faraday

London-based reinsurance, wholesale and specialty broker Ed has appointed Simon Stovell as divisional director for its risk solutions team.   17 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

Marsh swoops on AIG, Aon talent to boost UK financial lines unit FINPRO

Broker Marsh has made two senior hires from AIG and Aon to strengthen its UK financial & professional (FINPRO) practice within Marsh JLT Specialty.   17 September 2019

Insurance

London market veterans launch Commonwealth Insurance Forum

Two London market veterans have launched a new body, the Commonwealth Insurance Forum (CIF), to promote the industry within the 53 countries of the British Commonwealth.   16 September 2019

Insurance

RMS puts Hurricane Dorian US insured losses in $500m-$1.5bn range, total losses in $4bn to $8.5bn range

Hurricane Dorian will cost insurance losses of between $500 million and $1.5 billion in the US, much less than some had estimated.   16 September 2019

Alternative Risk Transfer

Risk trading insurtech AkinovA donates ILS assets to insurance standards-setting body ACORD

AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks, has donated some insurance-linked security (ILS) assets to ACORD, the global standards-setting body for the insurance industry.   16 September 2019

Insurance

AXA XL promotes trio to grow UK book of business

Re/insurer AXA XL has made a number of appointments in its UK client and distribution team, based in London.   16 September 2019

Insurance

House of Insurtech launches underwriting-as-a-service platform

London-based House of Insurtech has launched a new cloud-based 'underwriting-as-a-service' platform, called Insurforce, that aims to lower administration cost, and increase flexibility for insurers, MGAs and brokers.   16 September 2019

Insurance

Lloyd's managing agent Vibe shuts A&H and property D&F units blaming tough market

Lloyd's managing agent Vibe Syndicate Management has closed its accident & health (A&H) and property D&F business units with immediate effect, citing "difficult market conditions".   16 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

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