Articles

Insurance

Topa appoints Chang to manage reinsurance operation

US-based Topa Insurance has named Olive Chang assistant vice president of reinsurance and programmes, based in the company's Calabasas, California office.   9 June 2017

Insurance

Think tank warns of cyber accumulation risk

Cyber insurance offerings and premium volumes have expanded sizeably and accumulation risks need to be addressed in the context of a hyperconnected digital world, the Geneva Association warns.   17 August 2018

Insurance

IAG expects A$169m cost from Sydney hailstorm

Australia-based Insurance Australia Group (IAG) expects claim costs of A$169 million ($120.2 million) from the latest Sydney storms fully eroding the deductible attached to the calendar 2018 aggregate cover.   21 December 2018

Insurance

Insurtech Bought By Many closes £15m Series B funding round

Insurtech Bought By Many has closed a £15m Series B funding round led by CommerzVentures, the corporate venture capital arm of Germany’s Commerzbank with participation of insurance broker Marsh.   3 July 2018

Insurance

AIG losses more than double in Europe in 2017

AIG Europe reported a pre-tax loss of £431.5 million for 2017 (ending Nov. 30, 2017) after a negative £171.1 million in the 2016 financial year.   18 May 2018

Insurance

ACLI appoints new CEO as Kempthorne departs

The American Council of Life Insurers (ACLI) has appointed Susan Neely as president and CEO, succeeding Dirk Kempthorne, who has stepped down after eight years at the helm of the ACLI.   18 May 2018

Insurance

Hiscox appoints NA head of business development from Lloyd’s

Specialist global insurer Hiscox has appointed Glenn Dorr as head of business development and broker relationships, North America, within its London Market business.   20 November 2017

Insurance

Ironshore names head of US claims

Ironshore, a part of Liberty Mutual Company, has named Kristin McMahon as head of US claims.   24 October 2017

Insurance

Fraudulent instruction scams on the rise in cyber insurance

Organisations are facing an increased threat to their operations from fraudulent instruction scams, according to claims data recorded by cyber specialised insurer Beazley.   5 February 2018

Alternative Risk Transfer

Reinsurance capacity set to rise to $427bn

The amount of capital dedicated to writing reinsurance will increase to an estimated $427 billion in 2017, compared with $420 billion in 2016, according to AM Best.   5 February 2018

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