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Japanese conglomerate Softbank Group continues to hunt for ways to accelerate the digital upheaval in the insurance industry, including tie-ups with unspecified reinsurance players, said David Thevenon, dealmaker of the company’s Vision Fund, according to a Reuters Oct. 16 report. 18 October 2018
Insurance
Bermuda-based RenaissanceRe Holdings (RenRe) estimates losses from third quarter 2018 catastrophe events will have a net negative impact of approximately $155 million on its third quarter 2018 results of operations. 18 October 2018
Insurance
UK small businesses are being targeted with an average of 65,000 attempted cyber-attacks every day and at least one small business in the UK is successfully hacked every 19 seconds, according to a Hiscox report. 18 October 2018
Insurance
US-based property/casualty (P&C) insurer Chubb has appointed Judy Gonsalves as vice president of Chubb Group and division president of Bermuda, responsible for the commercial P&C insurance business on the island. 18 October 2018
Insurance
Broker Willis Towers Watson has formed a new claims resolution team to expand its advocacy capabilities and facilitate efficient financial recovery for its clients in complex and contested claims scenarios. 18 October 2018
Insurance
AEGIS London, a Lloyd's managing agency and the UK-based subsidiary of AEGIS, has hired James Hyett as cargo underwriter. 18 October 2018
Insurance
Reinsurance broking and risk/capital management firm TigerRisk Partners has appointed Jonathan Hughes as partner from re/insurance broker Aon. 18 October 2018
Insurance
Insurance service provider Davies Group has acquired the claims business of Ardonagh-owned Direct Group while signing a long-term claims management deal with the UK-based insurance intermediary. 16 October 2018
Insurance
Howden, part of Hyperion Insurance Group, has appointed Sajith Kumar as CEO of its United Arab Emirates (UAE) business. 16 October 2018
Insurance
London company market premium income jumped to £26.3 billion in 2017, representing a 16 percent increase from the previous year, according to a new report by the International Underwriting Association (IUA). 16 October 2018
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