Articles
Insurance
Specialist insurer Markel has appointed Christian Stobbs as new managing director and Colin Fordham as director for its Asia operations. 9 July 2019
Insurance
Ridgecrest, in Kern County, California, has been hit by a 6.4 magnitude earthquake, prompting the California Earthquake Authority (CEA) to state that around 2,000 policyholders in the affected area who have seen damage to their property as a result “would be considered well within CEA’s claim-paying capacity for covered claims”. 5 July 2019
Insurance
A parametric fisheries insurance policy for Carribean governments, described as “pioneering” by the issuing body, has been taken up by the authorities of Grenada and Saint Lucia. 5 July 2019
Insurance
Lloyd’s of London has launched a new software tool, developed in partnership with the Lloyd’s Market Association and four Lloyd’s managing agents, including Brit, Liberty Specialty Markets and Sirius International, to improve the quality of insurance contract review across the world. 5 July 2019
Insurance
Tokio Marine Management (Australasia) (TMMA), a wholly-owned subsidiary of Tokio Marine & Nichido Fire Insurance, has acquired Accident and Health International Underwriting (AHI), a specialist accident, medical and corporate travel underwriting agency. 5 July 2019
Insurance
Insurtech Guardhog, a homesharing insurance specialist, has launched a new blockchain-powered deposit cover designed to address the particular needs of sharing economy. 5 July 2019
Insurance
Re/insurance broker Miller has hired two senior executives from Willis and Tindall Riley & Co. to bolster its UK professions team and expand its insurance offering to large professional practices. 5 July 2019
Insurance
Brazil-based insurer Sul América (SA) has received an indicative, non-binding offer for its automobile, and property and casualty insurance portfolio from German firm Allianz SE, according to a filing SA made to the Brazilian Securities and Exchange Commission this week. 5 July 2019
Alternative Risk Transfer
Allianz Global Corporate & Specialty (AGCS), Allianz group's specialist corporate insurer, will cease underwriting long tail risks in Australia and close its operations in New Zealand with effect from September 2019, following a "strategic review" of the business. The decision has led to the departure of its Pacific CEO Willem Van Wyk. 4 July 2019
Insurance
Everest Insurance International, the specialty insurance division of Bermuda-based Everest Re Group, has appointed Martin Leeks to its Lloyd’s Syndicate 2786 as a medical malpractice and multi-national/ specialty underwriter. 4 July 2019
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