News
Insurance
V3 Insurance Partners, a specialty insurance programme administrator, has appointed its chief operating officer Brian Janitschke as president, replacing outgoing president and CEO Susan Rivera. 4 April 2018
Alternative Risk Transfer
2017 was a record-breaking year for ILS—and Bermuda again led from the front in terms of being both the domicile of choice for the special purpose vehicles issuing ILS and a hub of innovation for new structures and risks. 28 March 2018
Insurance
Bermuda-based AXIS was hit hard by natural catastrophes 2017 but CEO Albert Benchimol believes that the financial impact of the year’s challenges on the company do not explain the 23 percent drop in the firm’s share price and suggested that it was further exacerbated by questions relating to the Novae acquisition. 27 March 2018
Insurance
IAT Insurance Group is acquiring the renewal rights and certain associated assets for a book of surplus lines excess and umbrella insurance business from Rockhill Insurance Group, a subsidiary of State Auto Mutual Insurance Company. 26 March 2018
Insurance
Allianz X, the digital investment unit of the Allianz Group has co-led N26’s $160 million Series C funding round and joins its board of directors alongside a list of notable investors. 20 March 2018
Insurance
The uncertainty caused by Brexit is affecting negotiations for insurance contracts that span periods of more than three years. 16 March 2018
Insurance
The National Flood Insurance Program (NFIP) will expire on March 23, 2018 for the third time this year if Congress fails to act and a lapse in the debt-ridden programme may disrupt the national housing market and leave countless homeowners in harm’s way if a severe storm strikes, stakeholder coalition SmarterSafer has warned. 16 March 2018
Insurance
Specialty re/insurer Brit has appointed Marsh executive Neil Walker as head of UK property. 16 March 2018
Insurance
Operations management, consulting and digital solutions provider Davies Group has made several senior executive promotions as it streamlines its business, creating three operating platforms across claims solutions, insurance services and customer solutions. 16 March 2018
Insurance
S&P Global Ratings has downgraded UK-based multiline insurance group Prudential by one notch due to the company’s demerger plan while downgrading the UK operations by two notches. 16 March 2018
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