News

Insurance

Artex promotes Thompsett to COO and Marshall to CFO

Risk management provider Artex has promoted Stephen Thompsett to chief operating officer (COO) and Brandon Marshall to chief financial officer (CFO).   18 July 2019

Insurance

Moody’s: insurers ‘will face a one-off hit to earnings’ after UK Ogden rate review

Moody’s Investors Service has warned that the Ogden discount rate of minus 0.25 percent, revealed today by the UK’s Lord Chancellor, will mean a “one-off hit to earnings” for reinsurers that have been working to expectations of a new rate between zero and 1 percent.   15 July 2019

Insurance

Convex partners with insurtech Cytora for AI-powered commercial underwriting solution

Stephen Catlin and Paul Brand's newly launched specialty re/insurer Convex Group has partnered with UK-based insurtech Cytora to develop artificial intelligence-powered solutions for the commercial insurance industry.   15 July 2019

Insurance

Brokerslink reveals network expansion in Middle East and Africa

Brokerslink, a global network of independent brokers, has added three new affiliates to further expand its presence in the Middle East and Africa region.   15 July 2019

Insurance

AIG hires Accenture expert to develop a robust cyber security strategy

American International Group (AIG) has appointed Tom Parker as deputy chief information security officer, responsible for developing and leading the execution of AIG’s global cybersecurity risk management strategies.   15 July 2019

Insurance

Everest appoints global head of fine art and specie from Charles Taylor

Bermuda-based Everest Re Group, has appointed Joshila Tailor as the global head of fine art and specie for Everest Insurance International, which includes Everest Insurance Ireland and Lloyd’s Syndicate 2786.   15 July 2019

Alternative Risk Transfer

Christchurch City Council looks to ILS to boost cover; Mayor Dalziel visits EC3

Christchurch City Council is considering insurance-linked securities (ILS) to increase its insurance cover for underground assets such as water and waste pipes.   8 July 2019

Insurance

Canopius hires Talbot, XL Catlin executives in APAC growth drive; gains approval from Lloyd’s

Specialty re/insurer Canopius has made four new appointments for its recently established Canopius Australia & Pacific branch in Sydney, which has also gained binding authority approval from Lloyd’s.   8 July 2019

Insurance

Aon unveils new IFRS 17 solution to bridge gap between risk and finance

Re/insurance broker Aon has launched an IFRS 17 (International Financial Reporting Standard) solution on its capital modelling platform to help insurers fulfil their reporting obligations.   8 July 2019

Insurance

Pool Re secures £40m non-damage business interruption retro cover led by Liberty Specialty Markets

UK government-backed terrorism reinsurer Pool Re has placed its new retrocession programme covering non-damage business interruption (NDBI) losses.   8 July 2019

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