Articles

Insurance

HDI Global Specialty taps delegated authority underwriter from Lloyd’s syndicate Starstone

HDI Global Specialty SE, a new specialty lines insurer created from merging the specialty lines activities of Hannover Re and HDI Global, has appointed Karen Frazer to its London-based US delegated authority underwriting team.   31 May 2019

Insurance

Swiss Re and Airbus team up on drone flood-modeling service

Swiss Re Corporate Solutions is collaborating with aeronautics firm Airbus Aerial to offer flood prevention modeling services using drone-collected data.   28 May 2019

Alternative Risk Transfer

Swiss Re places $100m First Coast Re II cat bond in Singapore, "excited" to promote Asian ILS market

Global reinsurer Swiss Re has placed the first catastrophe bond, a $100 million First Coast Re II (Series 2019-1), under Singapore's new insurance-linked security (ILS) framework for Security First Insurance Company.   28 May 2019

Insurance

Argo AGM 2019: shareholders back board but question executive reward

Shareholders voted “overwhelmingly in favour” of directors put forward by re/insurance firm Argo at its AGM, crushing a bid to change direction at the top of the company by activist investor Voce Capital Management.   28 May 2019

Insurance

AIG's Talbot to shut Australian and Lloyd’s China offices

Talbot Underwriting, a subsidiary of American International Group (previously Validus Holdings), is closing its Australian office and Lloyd’s China division, in a move the company hopes will bring "enhanced value" to its partners in the region.   28 May 2019

Insurance

Sharing economy insurance start-up Pikl secures £2.5m funding from Direct Line founder Sir Peter Wood

Norwich-based insurance provider for the sharing economy Pikl has raised £2.5 million seed/pre-series A funding from Sir Peter Wood, the founder of Direct Line and Esure.   28 May 2019

Insurance

Everest Re adds Stone Point founding partner Hartzband to board

Bermuda-based re/insurer Everest Re Group has appointed Stone Point Capital founding partner Meryl Hartzband to its board of directors.   28 May 2019

Insurance

Markel appoints Asia head of personal accident, contingency and entertainment from Chubb

Specialist insurer Markel International has appointed Rajesh Sinha as head of personal accident, contingency and entertainment (PACE) in Asia.   28 May 2019

Insurance

M&As in European insurance sector set to continue in 2019, finds Moody’s

The European insurance sector will continue to consolidate in 2019, with varying credit impacts, according to the latest Moody's Investors Service report.   23 May 2019

Insurance

Liberty makes strategic move into LatAm with new Lloyd's Mexico reinsurance unit

Liberty Mutual Re, the reinsurance arm of Liberty Specialty Markets (LSM), is launching a new operation under Lloyd’s registration in Mexico to serve clients in the Mexican market and Central America.   23 May 2019

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