TMK begins rollout of robotics to automate processes

TMK begins rollout of robotics to automate processes

TMK begins rollout of robotics to automate processes

Tokio Marine Kiln (TMK) will use robotics to automate its marine transactions through a partnership with NTT DATA UK. The service to automate marine transactions promises to speed up transactions, reduce errors and process transactions out of normal business hours. It will be delivered by NTT DATA UK’s Cargo 10 Virtual Worker and other automated processes TMK is expected to…

Ironshore’s European business moves to sister company Liberty Specialty Markets

Ironshore’s European business moves to sister company Liberty Specialty Markets

Ironshore’s European business moves to sister company Liberty Specialty Markets

Liberty Specialty Markets (LSM) will acquire the European insurance business of Ironshore Europe following a renewal rights agreement between the two companies, which are both part of Liberty Mutual. Ironshore’s European business – which includes contingency, construction, fine art and specie, liability, marine and personal accident lines – is currently written in Cologne, Zurich and Rotterdam. These offices will no…

LSM rebrands reinsurance business as it launches in Italy

LSM rebrands reinsurance business as it launches in Italy

LSM rebrands reinsurance business as it launches in Italy

Liberty Specialty Markets (LSM) has launched a new reinsurance operation in Italy and, at the same time, rebranded its entire reinsurance operations as Liberty Mutual Re. Based in Rome and Milan, the new Italian business will underwrite property, casualty and specialty business. Massimiliano Fantini joins Liberty Mutual Re to head up the new operation, having previously worked for Guy Carpenter…

Neon launches Nordic venture

Neon launches Nordic venture

Neon launches Nordic venture

Specialist London market insurer Neon has launched a new Lloyd’s coverholder, Orca Insurance Agency, which will underwrite for Neon Syndicate 2468 in the Nordic region. Orca will be headquartered in Copenhagen, with particular focus on marine risk. Lars Hendriksen has been appointed CEO of Orca and has more than 30 years’ experience in the marine industry. Henrik Pilegaard has been…

XL Catlin appoints global practice leader for cargo

XL Catlin appoints global practice leader for cargo

XL Catlin appoints global practice leader for cargo

Andrew Coutts has been appointed as global practice leader for cargo at XL Catlin’s insurance operations. According to XL Catlin, he will be responsible for managing a global underwriting team and one of the largest cargo insurance portfolios in the London market. Mr Coutts joins XL Catlin from Brit Global Specialty, where he worked for nearly ten years as cargo…

Groundbreaking insurance blockchain solution goes live with Maersk

Groundbreaking insurance blockchain solution goes live with Maersk

Groundbreaking insurance blockchain solution goes live with Maersk

The world’s first marine insurance blockchain facility has been launched with shipping company AP Møller-Maersk, and its developers are looking to expand the platform to other lines of business, sectors and insurers. As reported in CRE, EY was working with Maersk last year to create several blockchain solutions, including a platform for insurance contracts. After a year in development, the…

AXA works with Rolls-Royce on unmanned shipping risks

AXA works with Rolls-Royce on unmanned shipping risks

AXA works with Rolls-Royce on unmanned shipping risks

AXA Corporate Solutions has announced that it is working with Rolls-Royce to develop risk management products for unmanned ships. Using Rolls-Royce Ship Intelligence systems and products, which include onboard sensors and data streaming, and AXA Corporate Solution’s risk analytics, the new partnership will look at ways to support the marine industry with future technological changes. For now, Rolls-Royce data will…

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

SCOR has reorganised its growing SCOR Business Solutions (SBS) unit in a move it says will make the firm more relevant to customers, be easier for brokers to use and help deliver planned growth in the large global corporate primary market. The Paris-based group said that in line with its current strategic ‘Vision in Action’ plan, it is “enhancing the…

UK P&I Club tackles maritime risk with new technology

UK P&I Club tackles maritime risk with new technology

UK P&I Club tackles maritime risk with new technology

UK P&I Club is set to provide cutting-edge, data-driven technology for maritime and port threats that it says will help members monitor risks in real time and put the club one step ahead of competitors. Through a new working partnership with Geollect, which uses geospatial data and algorithms to provide real-time information on ports and locations worldwide, UK P&I Club…

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