News
Insurance
PERILS has updated its loss estimate for extratropical cyclone Dragi-Eberhard with a revised figure of €798 million. This is an increase from the initial loss of €740 million, which was issued by Perils on the 18th of April 2019. 7 June 2019
Insurance
The Insurance Council of Australia (ICA) has appointed Suncorp's insurance CEO Anthony Day as its president and chairman of the board. 17 March 2017
Insurance
Insurtech FRISS, a provider of artificial intelligence-based fraud and risk solutions for the property/casualty (P&C) insurance industry, has partnered with Munich Re company ERGO Germany. 28 August 2019
Insurance
London-based managing general agent (MGA) Pen Underwriting has extended its strategic relationship with re/insurer QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the area of hazardous goods and environmental industries. 16 November 2017
Alternative Risk Transfer
The insurance-linked securities (ILS) market is facing a possible brief doldrum in 2019, before reviving in the second half of the year, according to Paul Schultz, chief executive of Aon Securities. 29 March 2019
Insurance
Specialist niche-product managing general agent (MGA) Ascent Underwriting said on Sept. 18 that it is further targeting small and medium-sized (SME) business by offering nil deductible/zero excess options on all cyber insurance policies globally. 18 September 2017
Insurance
The increasing appetite for Islamic insurance has led many investors to view the retakaful sector as a growth opportunity, but retakaful players have recently run into difficulty or have exited the market, according to a report by AM Best. 12 February 2018
Insurance
A group of investors is taking AmTrust Financial Services private to create a better environment to fix the problems that have been haunting the New York-based insurer. AmTrust needs to address financial controls as well as pricing and reserve adequacy issues. 2 March 2018
Insurance
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform, is set to launch and commence trading during the first quarter 2018. 20 December 2017
Insurance
Crop Pro Insurance, a new managing general agent (MGA) specializing in crop insurance, received Standard Reinsurance Agreement (SRA) approval as an MGA from the US Department of Agriculture (USDA). 14 August 2017
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