News

Insurance

JBA launches new 'probabilistic' global flood model to tackle coverage gaps

Flood risk modeller JBA Risk Management has launched an innovative probabilistic global flood model, which will allow re/insurers to model river and surface water flood at 30m resolution.   16 September 2019

Insurance

Insurtech Concirrus partners with Marsh JLT and Willis Re on new AI-powered marine cargo solution

London-based insurtech Concirrus has launched a new artificial intelligence-powered cargo data analytics solution in partnership with brokers Marsh JLT Specialty and Willis Re Specialty. The company claims it has the potential to "revolutionise" the way cargo insurance is priced, selected and managed in the industry.   16 September 2019

Insurance

Gallagher swoops for JLT's Brent Kruger as UK chief information officer

Broker Gallagher has recruited Brent Kruger as its new UK chief information officer (CIO).   13 September 2019

Insurance

Hyperion merges Howden and RKH to bring together retail and specialist broking expertise

Hyperion Insurance Group is merging its retail and specialist broking businesses, Howden and RKH, to be led by José Manuel González as chief executive officer.   12 September 2019

Insurance

Insured loss estimates for Hurricane Dorian reach $5bn for US and Carribean, says cat modeller KCC

Catastrophe modelling firm Karen Clark & Company (KCC) has estimated that the total insured loss from Hurricane Dorian in the US and Caribbean will be close to $5 billion.   12 September 2019

Insurance

BMS bolsters global risks division with new director

Specialist re/insurance broker BMS Group has appointed Neil Prior as director in its global risks division, reporting to managing director Ian Gormley.   12 September 2019

Insurance

Marsh to rebrand Jelf, appoint new leaders as it seeks simpler structure and growth in the UK

Broker Marsh will rename its Jelf business as Marsh Commercial in the first quarter of 2020 and a appoint new leadership team, in a move aimed at strengthing its offering in the local UK market, and streamlining its organisational structure.   11 September 2019

Insurance

Aegon appoints new chief executive of UK business succeeding Adrian Grace

Dutch insurance group Aegon has appointed Mike Holliday-Williams to succeed Adrian Grace as chief executive officer (CEO) of Aegon UK.   11 September 2019

Insurance

Opportunities for double-digit growth in life re

Products and penetration in the Latin American life reinsurance market are not as mature as those in the US and some of European countries, creating “unique opportunities” for double-digit growth in certain Latin American countries, such as Brazil.   11 September 2019

Alternative Risk Transfer

Decline in retro appetite will filter into primary markets: THB

The retro market has felt the impact of market changes in appetite and capacity across the Latin American region, Julian Vereker, head of group marketing at THB, told FIDES Today.   11 September 2019

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