MAPFRE creates new global broker role

MAPFRE creates new global broker role

MAPFRE creates new global broker role

MAPFRE has appointed Chris Smith to the newly created role of chief global brokers officer, where he will be responsible for engaging global brokers and developing client relationships. Mr Smith will report to José Manuel Corral, general manager of the corporate business and client area. Mr Smith joined MAPFRE Global Risks in 2013 as head of European business, and later…

New year insurance premium tax changes in EU countries

New year insurance premium tax changes in EU countries

New year insurance premium tax changes in EU countries

The new year has seen a number of tax changes affecting the insurance sector in EU countries, according to insurance premium tax specialists Impendulo. From 1 January 2019, there are a couple of changes to insurance taxes in France. Firstly, insurance guaranteeing the payment of life insurance premiums in case of death (payment protection insurance) is now no longer exempt…

Beazley adds to financial lines team in Barcelona

Beazley adds to financial lines team in Barcelona

Beazley adds to financial lines team in Barcelona

Beazley has appointed two financial lines underwriters for continental Europe. Based in Barcelona, Francisco Alcaide joins Beazley from Hiscox where he worked in Spain as senior underwriter in the professional risks team. Mr Alcaide will launch Beazley’s e-trading platform, MyBeazley, for specialty products in Spain. Alexander van Nierop will also be based in Barcelona and joins Beazley from Aon in…

AXA moving international risk and reinsurance ops to Ireland

AXA moving international risk and reinsurance ops to Ireland

AXA moving international risk and reinsurance ops to Ireland

AXA’s international risk and reinsurance operations will move from the UK to Ireland ahead of Brexit, according to Reuters. AXA chief executive Thomas Buberl reportedly told press that its Irish subsidiary will underwrite European large risks and reinsurance. Staff from London, where the business is currently written, and France will be moved to the Irish subsidiary to comply with regulatory…

Gatwick meltdown: drones in a no-go zone

Gatwick meltdown: drones in a no-go zone

Gatwick meltdown: drones in a no-go zone

The serious and extended closure of Gatwick Airport in the run-up to Christmas, because of the suspected deliberate use of a drone infringing the airport airspace, has brought to a head the warnings of many in the industry. This issue was further highlighted just this week as a reported drone at Heathrow caused the UK’s busiest airport to suspend departures…

AXA XL adopts AI to speed up property risk analysis

AXA XL adopts AI to speed up property risk analysis

AXA XL adopts AI to speed up property risk analysis

AXA XL Risk Consulting has automated elements of its property risk engineering, using artificial intelligence (AI) technology. The company said adopting a new AI platform has reduced the amount of time it takes risk consultants to read engineering surveys of property sites, which can exceed 100 pages, to just seconds. The platform, called Cogito, has been developed by Italian software…

Beazley partners with HK’s Pegasus on APAC financial lines coverage

Beazley partners with HK’s Pegasus on APAC financial lines coverage

Beazley partners with HK’s Pegasus on APAC financial lines coverage

Lloyd’s insurer Beazley is expanding its Asian insurance offering via a linkup with Hong Kong-based Pegasus Underwriting for financial lines coverage. Pegasus, a Lloyd’s coverholder, will see its financial lines coverage across professional indemnity, directors and officers, cyber and medical malpractice supported by extra capacity from Beazley. The combination of Pegasus’s market knowledge and regional broking relationships with Beazley’s global…

Singapore’s Etiqa targets SMEs with online insurance platform

Singapore’s Etiqa targets SMEs with online insurance platform

Singapore’s Etiqa targets SMEs with online insurance platform

Singapore-based insurer Etiqa has launched an online platform for small to medium-sized enterprises (SMEs) to buy commercial insurance. The Business Owners Super Suite (BOSS) enables SMEs to engage in what Etiqa claims is a wholly automated or ‘straight-through’ purchasing process. Underinsurance and an absence of formal risk management among SMEs is one of the biggest problems in the Asian commercial…

Nigeria a major step closer to joining ATI

Nigeria a major step closer to joining ATI

Nigeria a major step closer to joining ATI

The African Development Bank Group has approved a $14.12m facility to support Nigeria’s membership of the African Trade Insurance Agency (ATI). The deal, organised through its trade finance operations, is a critical and mandatory step to enable ATI to commence its operations in Nigeria, according to the bank. Nigeria, as Africa’s largest economy, joins 14 other African countries that have…

Axa XL closes Mauritius office

Axa XL closes Mauritius office

Axa XL closes Mauritius office

Following the merger of Axa and XL, and the integration of Axa Africa Speciality Risks within the new group, the group has closed its Mauritius operation. The Mauritius office had been a base from which Axa Africa Speciality Risks planned to springboard across Africa. The Mauritian office closed as of 1 January 2019. Any business will now be handled from…