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Insurance
Insurers can’t just patch up their businesses, claims start-up founder
The insurance market needs a new and fresh approach – it can’t just keep patching issues up, according to Tobias Taupitz, founder of insurtech start-up Laka.   27 September 2017
Insurance
LSM appoints head of new treaty reinsurance unit in LatAm
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has promoted José Ernesto Ospina, formerly LSM’s general manager for Colombia, to the newly-created role of LatAm reinsurance regional manager.   25 September 2017
Insurance
Kanye West denies all Lloyd’s counterclaims in $10m lawsuit
Singer Kanye West, through attorneys of his touring company Very Good Touring denied “each and every allegation and mischaracterization in the counterclaim” made by Lloyd’s syndicates with respect to a cancelled tour.   21 September 2017
Insurance
Castel Specialty launches Castel Transact in expansion move
Castel Specialty, a division of MGA formation platform Castel Underwriting Agencies Limited, has launched Castel Transact (Transact), offering warranty and indemnity insurance cover for Benelux merger and acquisition (M&A) transactions, and tax risk insurance for tax liabilities in Europe.   20 September 2017
Insurance
Hurricane Irma property damage at up to $65bn: CoreLogic
Total insured and uninsured loss for both residential and commercial properties caused by Hurricane Irma, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion, according to data provider CoreLogic.   20 September 2017
Insurance
Hiscox appoints special advisor on cyber security
Specialist insurer Hiscox UK and Ireland has appointed Robert Hannigan, a former director of intelligence and security agency GCHQ, as special advisor on cyber security.   20 September 2017
Insurance
Arch shuffles leadership roles
Arch Capital has appointed Nicolas Papadopoulo - the current chairman and CEO of Arch Worldwide Reinsurance Group - as the chairman and CEO of Arch Worldwide Insurance Group and chief underwriting officer for property and casualty operations, effective October 1, 2017.   20 September 2017
News
Willis Re NA hires Third Point Re exec as chairman, appoints vice-chair from Marsh
Willis Towers Watson's reinsurance business Willis Re has appointed Tom Wafer as chairman of its North America platform and Jeffrey Livingston as vice-chair, effective October 2017.   20 September 2017
Insurance
M7.1 earthquake hits Mexico, insured cost from previous one at up to $1.12bn
A major magnitude-7.1 earthquake struck Mexico on Tuesday, September 19, shortly after the M8.1 earthquake hit the Mexican state of Chiapas on September 7.   20 September 2017
Insurance
Hurricane Maria to test Caribbean/Puerto Rican insurers
Hurricane Maria is set to hit the same Caribbean/Puerto Rican insurers which have already been impacted by Hurricane Irma, AM Best said in a Sept. 19 report.   20 September 2017

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