Insurance
-
Chubb makes new APAC appointment
Global insurer Chubb has promoted Glen Browne to the role of deputy regional president for Asia-Pacific and division president, southeast…
-
Pool Re set for groundbreaking terrorism cat bond
UK state-backed terrorism reinsurer Pool Re is on the cusp of sponsoring the first terrorism cat bond, according to media…
-
Reinsurance rates movement ‘muted’ at renewal: Guy Carp
The impact of last year’s cat losses on property rates was “muted” at 1 January reinsurance renewals, with European business…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
US commercial insurance rates increase in fourth quarter
Commercial insurance rates in the US rose by 2% in the fourth quarter of 2018, according to MarketScout’s Market Barometer.…
-
Chubb warns of new cybersecurity threats in year ahead
Cybersecurity will be challenged further in 2019 as regulators step up pressure on companies to prevent attacks and criminals change…
-
Myanmar’s insurance market opens to foreign insurers
Myanmar has opened up its insurance market to foreign insurers, according to the Myanmar Times. The paper quoted an announcement…
-
Climate change fuels $80bn insured nat cat losses in 2018: Munich Re
Man-made climate change events, in particular wildfires, pushed 2018 insured losses beyond the long-term average to $80bn, Munich Re said…
-
HDI Global and Hannover Re joint specialty business launches with €1bn of premium
Newly created HDI Global Specialty has formally opened for business after merging the specialty lines of Talanx-owned HDI Global and…
-
Swiss Re Corporate Solutions develops water-level parametric cover
Swiss Re Corporate Solutions has launched parametric water-level insurance for companies at risk of business interruption following changes in river…
-
No general firming at reinsurance renewals but tightening for certain risks
There was no general firming of rates at the January reinsurance renewals, but certain areas showed some signs of tightening,…