News

News

FEMA renews $1.32bn NFIP reinsurance programme for 2019 with 28 carriers

The Federal Emergency Management Agency (FEMA) has reduced the size of its annual reinsurance placement which provides coverage for the National Flood Insurance Program (NFIP).   31 January 2019

News

Sompo-owned Blue Capital posts more heavy losses in 2018 on back of Q4 cats

Efforts by Sompo-owned Blue Capital Reinsurance Holdings to reduce volatility and improve the balance of its portfolio were scuppered by more heavy catastrophe losses in 2018 and further loss creep from events in 2017 as it posted another set of heavy losses.   31 January 2019

Insurance

Arch Capital-backed reinsurer Watford Re mulls Nasdaq IPO

The parent company of Bermuda-based Watford Re, a reinsurance sidecar launched by Arch Capital and Highbridge Capital, has filed for an initial public offering (IPO) on the Nasdaq.   30 January 2019

Insurance

Travelers gains approval for Brexit subsidiary in Dublin; names CEO

Property/casualty insurer Travelers Europe has set up a new subsidiary in the Republic of Ireland in response to Brexit, which will be led by James Liston as CEO.   30 January 2019

article

Swiss Re unveils new capital markets unit in Brexit move

Swiss Re has formed a new capital markets unit in Luxembourg and applied for authorisation to trade with EEA based clients to ensure trading continuity post-Brexit.   30 January 2019

Insurance

Arch Insurance-backed insurtech MGA C-Quence launched in London

C-Quence, a new insurtech managing general agent (MGA) with a commercial insurance trading and underwriting platform, has been launched in London.   29 January 2019

Insurance

Lloyd's Channel Syndicate appoints new technology, cyber leader

Channel Syndicate 2015 at Lloyd’s has appointed a new head of technology and cyber to further develop its offering.   29 January 2019

Insurance

Allianz partners with Keoghs to launch AI system to automate injury claims

Insurer Allianz has launched a new digital platform that uses artificial intelligence (AI) to create what it calls the "first truly automated end-to-end digital solution for Stage 3 claims".   28 January 2019

Insurance

AXA deploys AI bots for property claims, commercial property and liability teams

French insurer AXA has deployed new artificial intelligence (AI) bots to assist its property claims, commercial property and liability teams.   28 January 2019

Insurance

EC3 Brokers hires JLT exec to drive growth in Middle East via Dubai

London-based EC3 Brokers has launched a new venture from the Dubai International Finance Centre from which it will target growth in the Middle East and Africa and hired an executive from JLT Re to lead this process.   28 January 2019

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