News
Technology
Re/insurers see cyber and technology risks as the biggest threats they face in the next few years, but with technology rapidly advancing will insurers rise to the challenge? Intelligent Insurer reports on the latest Insurance Banana Skins survey. 3 September 2019
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, is looking to expand its reach in the Nordic region, allowing it to underwrite and service more business through its office in the Netherlands. 30 July 2018
Alternative Risk Transfer
China’s Belt and Road Initiative, the economic project which aims to recreate the ancient Silk Road that linked Europe to Asia, needs protecting. ILS could provide the perfect solution, as Kirill K. Savrassov, chief executive of Phoenix CRetro Reinsurance Company, tells Intelligent ILS. 21 November 2019
Insurance
Markel Corporation said on Oct. 11 that it expects to report third quarter pre-tax underwriting losses of $503 million, net of reinstatement premiums, from Hurricanes Harvey, Irma and Maria as well as the Mexico City earthquakes. 12 October 2017
Alternative Risk Transfer
January 1 retro and European reinsurance purchasing tend to be a good indicator of what ILS market activity will look like for the rest of the year. If that trend continues, 2020 is set to be a busy year for ILS, perhaps even rivalling 2017, says Brad Livingston of Willis Re Securities. 27 February 2020
Insurance
California-based artificial intelligence (AI) start-up Betterview, an insurtech platform provider for property transactions, has closed a $4.5 million Series A round bringing the total funding to $10 million. 28 May 2019
Insurance
Lloyd’s insurer Novae Group has appointed Alexandra Moon as group general counsel. She also joins Novae’s executive committee reporting to Matthew Fosh, chief executive. 9 February 2015
Insurance
The reinsurer believes a number of trends will converge to drive up prices. 16 September 2020
Alternative Risk Transfer
American International Group (AIG) has entered into a definitive agreement to acquire all outstanding common shares of Bermuda-based Validus Holdings. 22 January 2018
Insurance
London-based specialty insurer Newline Group is launching its post-Brexit European Union insurance hub in Cologne, Germany. 29 May 2018
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