News
Insurance
Amid concerns that artificial intelligence could result in job losses across the industry, re/insurers speaking at an Intelligent Insurer roundtable in London aimed to suppress some of those fears by highlighting the value of AI with tried and tested examples. 13 April 2017
Insurance
Ratings agency AM Best has downgraded the Financial Strength Rating (FSR) of MS Amlin Underwriting managed Lloyd’s Syndicate 2001 due to what it describes as deteriorating technical performance. 13 April 2017
Insurance
If hedge fund manager John Paulson leaves the board of AIG as suggested by a media report, this would remove one of the leading advocates of splitting up the insurer, CreditSights analysts wrote in an April 12 note. 12 April 2017
Insurance
Probitas Syndicate 1492 at Lloyd’s has claimed that it is business as usual as it seeks new investors following the appointment of liquidators at Istmo Compañía de Reaseguros (Istmo Re), the Panama reinsurer which backs the syndicate. 12 April 2017
Insurance
With a market steering more towards commoditisation, the value of the traditional reinsurance business model is waning, particularly in North America, where reinsurers are more focused on brokers than in Europe, Christian Reber, partner and managing director at Boston Consulting Group, tells Intelligent Insurer. 11 April 2017
Insurance
US property/casualty insurer Travelers has announced that it will offer pre-breach cybersecurity services from Symantec to its cyber policyholders. 10 April 2017
Insurance
European non-life and life insurers engaged in less merger and acquisition (M&A) activity in 2016 than in either of the preceding two years, according to AM Best. 10 April 2017
Insurance
Ascent Underwriting, a specialist managing general agent (MGA) underwriting on behalf of a number of Lloyd’s Syndicates, has appointed Mark Bowers as claims director with immediate effect. 10 April 2017
Insurance
The International Association of Insurance Supervisors (IAIS) is creating a risk-based, single, global Insurance Capital Standard (ICS) for Global Systemically Important Insurers (G-SIIs), but Fitch questions if the goal is achievable. 10 April 2017
Insurance
AXIS Insurance, the insurance operation of Bermuda-based AXIS Capital Holdings, has launched a new management liability insurance policy for privately held companies. 10 April 2017
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