News

Insurance

Blockchain can meet sector’s challenges, say EY

The insurance industry must keep a close eye on the transformative potential of technology, according to Ian Meadows, director for insurance at EY and a director of EY’s initiative Insurwave, which offers blockchain-enabled marine insurance.   9 September 2019

Insurance

CNO Financial hires Karen DeToro as chief actuary from New York Life

CNO Financial Group has hired Karen DeToro as chief actuary, reporting to chief executive officer Gary Bhojwani. She will also join the company's executive leadership group.   30 August 2019

Insurance

Hudson Structured Capital Management hires former Validus CFO Jeff Sangster

Re/insurer Hudson Structured Capital Management (HSCM Bermuda) has appointed Jeff Sangster to the post of partner, chief financial officer (CFO) and head of strategy.   5 August 2019

Insurance

Brexit costs of £4b for financial services ‘a drop in the ocean’, says EY

Brexit has cost major UK Financial Services firms, including insurers and insurance brokers, almost £4 billion so far, according to data analysis by professional services firm EY.   26 June 2019

Insurance

Sompo International promotes Gallagher to property/casualty CEO

Bermuda-based specialty re/insurer Sompo International has appointed Christopher Gallagher to a new role of chief executive officer of its commercial property and casualty business.   2 April 2019

News

As 2018 losses again exceed historical average, Munich Re questions models

Losses for insurers stemming from natural catastrophes were substantially higher than the long-term average in 2018 with an eventful second half of the year contributing to a high overall loss figure of $160 billion, half of which was insured, according to a report by Munich Re.   9 January 2019

Reinsurance

Blockchain’s future in insurance takes shape

The re/insurance industry holds high expectations for blockchain technology as an opportunity to increase efficiency of insurance processes, and the future is beginning to take shape with the launch of new platforms and products. Intelligent Insurer reports.   4 December 2018

Insurance

Blockchain for marine pricing

Using live data from ship and cargo movements, insurers and reinsurers will be able to price and select the marine risk they want to underwrite more accurately, EY executives told Monte Carlo Today.   9 September 2018

Insurance

AFL replaces CFO with Towergate hire in growth move

Independent Lloyd’s broker AFL Insurance Brokers has replaced its current chief financial officer (CFO) Keely Dalfen with a new hire from Towergate.   21 August 2018

Insurance

M&A on the rise in the UK specialty market

While the UK’s specialty insurance market is showing only “modest” rate increases, mergers & acquisitions (M&A) are on the rise as insurers look for growth, according to EY UK insurance leader Rodney Bonnard.   24 July 2018

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