Articles

Insurance

Former JLT Specialty USA chief Rice to lead newly-launched Cobbs Allen unit CAC Specialty

Specialty insurance brokerage and investment banking business CAC Specialty, a part of US risk management and insurance brokerage Cobbs Allen, has hired JLT's Michael Rice II as its chief executive officer (CEO).   24 September 2019

Insurance

Gallagher acquires Allied Insurance Brokers and Ascinsure Specialty Risk in the US

Broker Arthur J Gallagher has acquired Pennsylvania-based Allied Insurance Brokers and its subsidiary Ascinsure Specialty Risk.   19 September 2019

Insurance

Carriers caught out by lack of exposure data

“Carriers—in fact the entire insurance vertical—have been caught off-guard by the need for high-resolution, relevant exposure data,” says Jason Futers, chief executive officer of Insurdata.   11 September 2019

Insurance

USMCA to offer range of benefits for insurance industry: APCIA

The United States-Mexico-Canada Agreement (USMCA) deal will lead to the improvement of financial products and help make it possible for the under-insured population to gain access to the financial system.   10 September 2019

Insurance

Study highlights data reveals extent of resolution issues

Insurtech firm Insurdata’s newly released study into exposure data resolution reveals significant and potentially costly inaccuracies in a large proportion of the geolocations.   10 September 2019

Insurance

BSX CEO bullish on growth of ILS and Bermuda’s place at the top

Greg Wojciechowski, chief executive of the Bermuda Stock Exchange, is bullish about the state of the ILS market in 2019—and believes Bermuda remains the natural location for this asset class to continue to evolve and develop.   10 September 2019

Insurance

Capsicum Re bolsters cyber unit with slew of hires following Swiss Re collaboration

Specialist reinsurance broker Capsicum Re has made four key appointments for its cyber team in London, following the recent launch of a new holistic cyber reinsurance solution, Decrypt, co-created with Swiss Re.   6 September 2019

Insurance

SCOR to invest €250m in new strategic plan focused on tech, new business and up to 7% GWP growth

Global reinsurer SCOR has committed €250 million investment to its new three-year strategic plan that includes goals to enhance shareholder value, make greater use of new technologies, and generate 4-7 percent growth per year.   4 September 2019

Insurance

Autonomous cars could prompt 60% drop in insurance premium revenue: Kennedys report

Motor premium revenue could fall as much as 60 percent if drivers switched to autonomous cars, which are designed to cut the number of accidents.   4 September 2019

Insurance

Hyperion launches new analytics business under JLT's David Flandro

Hyperion Insurance Group has launched new analytics business, encompassing all actuarial, catastrophe modelling, and thought leadership functions, with the appointment JLT's David Flandro.   4 September 2019

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