News
Insurance
Re/insurance broker Aon has appointed Richard Jones as executive chairman of its reinsurance solutions business in Asia. 21 November 2018
Insurance
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Ross Howard, chairman of JLT Re, to become vice chairman of Guy Carpenter. 21 November 2018
Insurance
Losses from the ongoing California wildfires will likely negatively impact fourth-quarter earnings of companies with material property exposure in the state, Fitch Ratings said. 20 November 2018
News
A fundamental transformation of the insurance business is under way, driven by technology and innovation, and insurers must seek to drive co-created value through global networks, says Indranil Nath of DXC Technology. 20 November 2018
Insurance
Run-off specialist DARAG has completed the acquisition of SOBC Services, a company focused on the sourcing, acquisition and management of insurance entities and portfolios in run off in the US, Bermuda and Caribbean. 20 November 2018
Insurance
Intermediaries such as brokers or managing general agents (MGAs) need to lift their game for insurers to better understand their clients’ needs and improve their products and services based on this, said Lakshan De Silva, chief technology officer at technology firm Intellect SEEC. 19 November 2018
Alternative Risk Transfer
Specialty re/insurer Brit has unveiled a new multi-arrangement insurance special purpose vehicle to write general collateralised reinsurance for multiple cedants via Brit’s distribution network in the London market. 19 November 2018
Insurance
B3i, the blockchain insurance industry initiative, is cooperating with RiskBlock Alliance in the development and setting of data standards for the insurance industry. 15 November 2018
Insurance
The chief executive of the London and International Insurance Brokers’ Association (LIIBA) has voiced concerns regarding the draft Brexit agreement reached by the UK and European Union. 15 November 2018
Insurance
The financial strength ratings of Maiden Re and its US operating subsidiary Maiden Reinsurance North America have been downgraded to B++ from A- by AM Best in response to strategic changes at the company. 15 November 2018
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