News

Insurance

Drone insurance start-up SkyWatch.AI launches in UK with policies written by Chaucer

Following a successful run in the US, SkyWatch.AI, an on-demand telematics-based insurance platform for commercial drones, has launched in the UK.   9 July 2019

Insurance

Willis Re partnership evolves ‘wildfire risk score’ to raise insurance industry accuracy

Willis Re clients can now access support to write and price wildfire risk more accurately, as the reinsurance division of Willis Towers Watson has started offering a “location level wildfire risk” service.   9 July 2019

Insurance

RSA appoints new CUO to improve global risk solutions' profitability

RSA Insurance Group has appointed Rachel Conran as new chief underwriting officer (CUO) for its UK & International (UK&I) global risk solutions (GRS) business. She will be based in Luxembourg.   27 June 2019

Insurance

SCOR Global Life bolsters France leadership in expansion move

French reinsurer SCOR's international life and health subsidiary SCOR Global Life has made three new appointments to strengthen its position in the French market.   13 June 2019

Alternative Risk Transfer

SCOR returns to London market for new $250m catastrophe bond

French reinsurer SCOR has returned to the London market for its latest $250 million catastrophe bond to protect itself against losses from named storms and earthquakes in the US and Canada, and windstorms in Europe.   3 June 2019

Insurance

Zurich seeks growth in Asia Pacific as it closes A$2.85bn Australian life acquisition

Zurich Insurance Group has completed the acquisition of ANZ’s life insurance business OnePath Life in Australia for A$2.85 billion ($2 billion), becoming the country’s largest retail life insurer.   3 June 2019

Insurance

AM Best moves Greenlight Re outlook to 'negative' over underwriting profitability concerns

Rating agency AM Best has revised the outlook of Cayman Islands-based reinsurer Greenlight Capital Re to negative from stable, expressing concern over its "negative underwriting performance".   3 June 2019

Insurance

Tasker Insurance Group boosts specialist broking capabilities with Hobbs acquisition

Tasker Insurance Group (TIG) has acquired specialist broker Hobbs Broking (Hobbs Associates) as part of strategy to further accelerate its growth plans.   3 June 2019

Insurance

M&As in European insurance sector set to continue in 2019, finds Moody’s

The European insurance sector will continue to consolidate in 2019, with varying credit impacts, according to the latest Moody's Investors Service report.   23 May 2019

Insurance

Liberty makes strategic move into LatAm with new Lloyd's Mexico reinsurance unit

Liberty Mutual Re, the reinsurance arm of Liberty Specialty Markets (LSM), is launching a new operation under Lloyd’s registration in Mexico to serve clients in the Mexican market and Central America.   23 May 2019

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