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Marine mutual insurers The Strike Club and The Standard Club are combining their businesses in a move intended to improve the synergies, efficiencies and cost savings in governance, management, underwriting and reinsurance for both the organisations. 15 October 2018
Insurance
Antares, the Lloyd's managing agent and part of the QIC Group, has appointed John Taylor as new head of specialty, replacing Kieran Oliver who is retiring from the company. 15 October 2018
Insurance
The speed at which technology is transforming the insurance industry means it could become a so-called black swan event for the industry – as opposed to technology being gradually implemented by the industry in an orderly way. 15 October 2018
Insurance
Insurtech companies need to move from a tactical approach to problems to a more strategic view, according to Alastair Speare-Cole, president of insurance division Fractal Industries. 15 October 2018
Insurance
Property/casualty (P&C) group Cincinnati Financial Corporation expects its third-quarter 2018 results to include pre-tax catastrophe losses of approximately $120 million. 15 October 2018
Insurance
The biggest challenge facing many insurers is how they ensure the gap between their own capabilities and those of the leaders in technology transformation does not grow too wide, Brian Bacsu, chief technologist, DXC Technology, told delegates at Intelligent Insurtech Europe 2018, which is taking place in London today (Monday October 15). 15 October 2018
Insurance
Insured residential and commercial storm surge and wind losses from hurricane Michael are estimated at between $3 billion and $5 billion, according to an update by data provider CoreLogic. 15 October 2018
Insurance
Marsh & McLennan’s acquisition of JLT has been on the cards for some time. While the two players complement each other in many areas, Marsh has taken on a lot of debt to finance the deal—which may cause it problems. Intelligent Insurer reports. 12 October 2018
Insurance
International General Insurance Holdings (IGI) has appointed Stephen Rix as its new chief actuary from Capsicum Re. 11 October 2018
Insurance
Deal values across property/casualty (P&C) and life insurance are expected to more than double in 2018, marking the second-busiest year since 2005, according to S&P Global Market Intelligence. 9 October 2018
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