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Insurance

Reinsurers in for a major stress test if Hurricane Dorian losses exceed Irma's: S&P

Reinsurers and alternative capital will bear the majority of losses caused by Hurricane Dorian if the Category 4 storm makes landfall in densely populated areas of the Florida peninsula, warned rating agency S&P Global.   2 September 2019

Insurance

Swiss Re partners with Capsicum Re on new cyber reinsurance solution Decrypt

Swiss Re and specialist reinsurance broker Capsicum Re have teamed up to co-create a new 'holistic' cyber reinsurance solution that they hope will set the standard for the industry while helping insurers better manage their silent cyber exposures and risks.   2 September 2019

Insurance

AXA XL promotes Steven Farr to global head of upstream energy

AXA XL Insurance has promoted Steven Farr to global head of upstream energy, based in London.   2 September 2019

Insurance

ArgoGlobal pulls Syndicate 1200 from Asia, most hull underwriting globally to improve profitability

Lloyd's insurer and member of Argo Group, ArgoGlobal, has revealed its plans to exit Syndicate 1200 underwriting operations in Asia in a bid to "improve profitability" of the overall business.   2 September 2019

Insurance

Lloyd's broker MNK Re launches residual value insurance centre

Specialist Lloyd’s broker MNK Re has launched a residual value insurance (RVI) centre of excellence with the appointment of Robert Prince as practice leader.   2 September 2019

Insurance

PERILS swoops on Swiss Re's Takashi Goda to expand in Japanese market

Zurich-based catastrophe insurance data provider PERILS has appointed Takashi Goda as senior advisor for Japan.   2 September 2019

Insurance

China Pacific invests in B3i; insurance blockchain seeks expansion in new and growing markets

Blockchain insurance industry initiative B3i has added Chinese insurer China Pacific Insurance Company (CPIC) as its latest shareholder, with Li Hao joining as a member of the board.   22 August 2019

Insurance

Liberty Mutual acquisitions 'a transformative step' for Hamilton as it plots growth path

Bermuda-based Hamilton Insurance Group has completed its acquisition of Pembroke Managing Agency and its platform at Lloyd’s, as well as Dublin-based carrier Ironshore Europe DAC (IEDAC), from Liberty Mutual Group.   22 August 2019

Insurance

AXA XL leads $37m financing for AI-driven auto insurtech Zendrive

US-based data and analytics firm Zendrive has raised $37 million in its Series B funding led by AXA XL's insurtech venture capital fund XL Innovate.   22 August 2019

Insurance

AIG hires The Hartford's Sabra Purtill for newly created deputy CFO role

American International Group (AIG) has appointed The Hartford's Sabra Purtill in a newly created role of deputy CFO, head of treasury, investor & rating agency relations, and corporate development.   22 August 2019

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