News

Insurance

Legal bid to save British Steel with disputed £30m insurance claim usurped by insolvency

A last ditch attempt by British Steel to claim a disputed £30 million in insurance from Zurich Insurance and Liberty Insurance to potentially save the firm from insolvency has failed as Intelligent Insurer went to press.   22 May 2019

Insurance

Aon, CNA, Everest Re and Hartford among 15 new members joining blockchain consortium

Seven insurance firms have joined the property and casualty sector of The Institutes RiskStream Collaborative, an organisation testing blockchain-based applications, including a proof of insurance, and a first notice of loss data-sharing process.   22 May 2019

Insurance

Zurich: the future is closer than you think

Technology is being used in increasingly flexible ways to create the insurance products needed by the modern world.   22 May 2019

Insurance

Munich Re appoints new US life and health CFO from RGA

Munich Re Life has appointed Quentin Marsh as new chief financial officer (CFO) of US life and health.   22 May 2019

Insurance

Fairfax appoints interim CFO following sudden death of David Bonham

Canada-based Fairfax Financial Holdings, the property and casualty re/insurance conglomerate which includes OdysseyRe, Allied World and Brit, has appointed John Varnell to serve as its chief financial officer (CFO) on an interim basis following the sudden and unexpected death of David Bonham this past weekend.   22 May 2019

Insurance

Willis Re partners with insurtech Concirrus to transform specialty reinsurance markets

Willis Re, the reinsurance division of broker Willis Towers Watson, has entered into a strategic partnership with London-based insurtech company Concirrus.   22 May 2019

Insurance

Insurtech Snapsheet secures $29m to expand claims management solutions globally

Chicago-based insurtech Snapsheet, a provider of virtual claims technology for the personal and commercial insurance marketplace, has secured $29 million in Series E funding for global expansion.   20 May 2019

Insurance

Korean Re sets up European reinsurance hub in Switzerland to drive overseas business

Seoul-based reinsurer Korean Re has launched a new reinsurance subsidiary in Zurich, Switzerland as part of its expansion strategy in the European market.   20 May 2019

Insurance

Nexus appoints Lloyd’s Tony Egerton as Asia CEO; seeks to become "largest specialty MGA" by 2021

Specialty managing general agent (MGA) Nexus Group has appointed former Lloyd’s Asia Pacific president Tony Egerton as CEO of Nexus Asia, and Huntington Group managing director Gerard Pennefather as its non-executive chairman.   14 May 2019

Reinsurance

Signs of a positive evolution

With job placement rates for students at close to 100 percent, more must be done to increase the profile of careers in insurance, says Sean Ramlal of US Reinsurance Under 40s.   13 May 2019

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