News

Insurance

AXA XL lands AIG's Klepper as CUO for short-tail insurance

AXA XL, the property & casualty and specialty risk division of AXA, has named AIG's Robert Klepper as chief underwriting officer (CUO) of short-tail insurance lines.   19 June 2019

Insurance

WR Berkley hires new president of professional liability insurance

Property/casualty insurer WR Berkley Corporation has appointed Daniel Spragg as president of Berkley Select, the company’s professional liability insurance unit.   19 June 2019

Alternative Risk Transfer

Artex shuffles senior ILS and Bermuda leadership in growth push

Artex Risk Solutions, a Bermuda-based global insurance management firm, has made a series of key appointments within its international division.   18 June 2019

Insurance

Perils ups Dragi-Eberhard loss estimate to almost €800 million

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

S&P points to ‘promising’ reinsurance price trends for 2019 despite record cat losses

Global reinsurance pricing is “a firming market” rather than a hard one, according to S&P Global, which suggested that “green shoots” could be on the way for reinsurers in 2019.   7 June 2019

Insurance

Sedgwick hires new director in Singapore

Technology-driven risk solutions provider Sedgwick has appointed Bob Neo as director of its Singapore operations.   7 June 2019

Insurance

Swiss Re moves ahead with ReAssure IPO, increases capital by £481m ahead of listing

Swiss Re is moving forward with its planned initial public offering (IPO) of UK closed life book business ReAssure.   7 June 2019

Insurance

NN Group, Athora to buy Dutch insurer Vivat from Chinese owner Anbang

European life insurer Athora and Netherlands’ NN Group have teamed up to acquire Dutch insurer Vivat, which was put up for sale last year by Chinese owner Anbang Group Holdings.   7 June 2019

Insurance

AIG hires Accenture talent to lead general insurance’s business and tech operations

American International Group (AIG) has hired a senior executive from Accenture to enhance its general insurance’s business and technology operations infrastructure as well as align end-to-end processes with target operating models.   7 June 2019

Insurance

HCI secures $1.5bn catastrophe reinsurance limit at renewal

HCI Group, a provider of property/casualty insurance in Florida, has completed its 2019-2020 catastrophe reinsurance programme, securing a total limit of $1.477 billion.   6 June 2019

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