Articles

Alternative Risk Transfer

A fresh start for the new year

Tom Johansmeyer of PCS, Verisk Insurance Solutions, looks back at 2018 and what impacted the ILS market over the year, and forward to the next 12 months.   21 January 2019

Insurance

Carriers more willing to ‘walk away’ if profits inadequate

After almost two decades of favourable buying conditions, 2017 and 2018 saw a change in the market dynamic whereby rates are increasing, and carriers are now willing to walk away from deals that do not deliver on acceptable levels of profitability, the chief executive of Australia-based broker Honan Insurance Group has claimed.   21 January 2019

Insurance

Allianz replaces AGCS CFO, reshuffles leadership of operating entities

Germany’s Allianz has replaced the chief financial officer (CFO) of its commercial insurance arm Allianz Global Corporate & Specialty (AGCS) along with leadership changes at other operating entities.   18 January 2019

Insurance

Argo pegs Q4 2018 cat loss at $32m

Bermuda specialty re/insurer Argo Group International Holdings has estimated preliminary pre-tax losses of $32 million related to 2018 fourth quarter catastrophic events, primarily driven by hurricane Michael and the California wildfires.   18 January 2019

Insurance

Guy Carpenter restructures, reshuffles leadership post JLT deal

Reinsurance broker Guy Carpenter & Company has unveiled a new global capital solutions group and several key leadership appointments, which will become effective after the closing of the JLT acquisition by its parent Marsh & McLennan Companies (MMC).   17 January 2019

Insurance

Acrisure raises $500m for acquisitions

Michigan-based insurance broker Acrisure is issuing $500 million of five-year senior secured notes to help fund acquisitions.   17 January 2019

Insurance

Portalatin becomes vice chairman of Marsh & McLennan

Julio Portalatin has been appointed vice chairman of Marsh & McLennan Companies (MMC).   17 January 2019

Insurance

Beazley names new CFO replacing Bride

Specialty insurer Beazley has appointed Sally Lake as new group finance director, replacing Martin Bride who is stepping down in May 2019.   17 January 2019

Insurance

Hiscox, MS&AD invest in insurtech AkinovA

Specialist reinsurer Hiscox Re and Japanese insurance group MS&AD have invested in insurtech startup AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks.   16 January 2019

Insurance

Automation to transform commercial insurance: survey

Automation is set to transform commercial insurance lines with investments in this field expected to increase, particularly affecting the property business, according to a survey including 300 commercial insurers conducted by Intelligent Insurer.   15 January 2019

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