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AGCS & Praedicat combine science with risk management to identify future liability risks

11th May 2017

Allianz Global Corporate & Specialty (AGCS) has collaborated with InsurTech firm Praedicat to utilise big data, advanced data analytics, and comprehensive predictive modelling techniques to better identify future catastrophe liability exposures. AGCS is the corporate insurance carrier of global insurer and reinsurer Allianz, and together with Los Angeles, U.S., domiciled InsurTech ... Read the full article

Catalina Holdings UK completes HFPI and DLM acquisition

11th May 2017

Catalina Holdings has announced that it's UK subsidiary has completed the acquisition of Hartford Financial Products International (HFPI) and Downlands Liability Management (DLM), from The Hartford Financial Services Group. The announcement comes after the insurer received Prudential Regulation Authority (PRA) and Bermuda Monetary Authority (BMA) approval to finalise the purchase. HFPI is a ... Read the full article

Barbican Insurance hires energy underwriter from XL Catlin

11th May 2017

Barbican Insurance has announced former XL Catlin energy class underwriter, Jacqueline Wiffen, as newly appointed class underwriter for upstream energy, with immediate effect. Wiffen, an insurance veteran with over 15 years industry experience, will report to Olivier Decombes, divisional head of energy, power and utilities, Barbican Insurance. Commenting on the appointment, Decombes said; "Jacqueline ... Read the full article

Market conditions could create significant challenges for insurance sector: BIBA

11th May 2017

The UK insurance industry must be cautious of the many challenges and pressures currently facing the sector, which have the potential to converge and materialise at the same time to create a "perfect storm of disruption," warns Steve White, Chief Executive Officer (CEO) of the British Insurance Brokers' Association (BIBA). Addressing ... Read the full article

Jason Hogg named leader of Aon Cyber Solutions and CEO of Stroz Friedberg

11th May 2017

Global insurance and reinsurance broker Aon has named Jason Hogg as the new Leader of Aon Cyber Solutions, and Chief Executive Officer (CEO) of Stroz Friedberg. Aon has announced a number of hires within its cyber division in recent times, and the appointment of Hogg from private equity firm, Tritium Partners, ... Read the full article

Validus Re CEO Driscoll named President of Validus Holdings

10th May 2017

Validus Re Chief Executive Officer Kean Driscoll has been named President of the parent company Validus Holdings, Ltd., effective immediately. Driscoll will remain in his CEO role at the reinsurance unit. Driscoll has been CEO of Validus Re since since 2012. With 17 years of reinsurance industry experience, Driscoll was a ... Read the full article

Lloyd’s Inga Beale calls on the City of London to support re/insurance modernisation

10th May 2017

Lloyd's Chief Executive Officer (CEO), Inga Beale, has said London's access to talent and emerging markets must be prioritised if the city's re/insurance industry is to thrive in future years. And while these factors could become increasingly challenged in an era of populism and protectionism, Beale said she believes Brexit could ... Read the full article

Continuation of UK mortality trends to drive greater insurer reserve releases: RBC

10th May 2017

RBC Capital Markets has reported that a group of actuaries remains confident the recent slowdown in life expectancy in the UK and elsewhere around the world is a fundamental shift, with the trend continuing into 2017, which is expected to result in greater reserve releases for insurers. Analysts at RBC reported ... Read the full article

Peter Vogt to replace Joseph Henry as CFO of Axis Capital

10th May 2017

Insurer and reinsurer AXIS Capital Holdings has announced that current AXIS Insurance Chief Operating Officer (COO), Peter Vogt, will replace Joseph Henry, who is to retire at the end of 2017, as Chief Financial Officer (CFO) of AXIS Capital. Vogt will assume the role of CFO of AXIS Capital Holdings from January ... Read the full article

Brexit not expected to dramatically impact reinsurance at Hannover Re: CEO, Wallen

10th May 2017

The Chief Executive Officer (CEO) of reinsurer Hannover Re, Ulrich Wallen, said during the firm's annual general meeting (AGM) that it doesn't expect the UK's Brexit vote to dramatically impact its reinsurance operations, reported Reuters. Domiciled in Germany, Hannover Re has a branch in the UK from which it writes property, casualty, ... Read the full article

Nexus and Beazley Syndicate collaborate to offer cyber solutions

10th May 2017

Specialty Managing General Agent (MGA) Nexus Group has announced plans to use its broker network to collaborate with Beazley Syndicate to provide cyber insurance solutions, effective 1st of May, 2017. In the initiative to expand its solutions offer into one of the fastest growing risks and insurance markets, Nexus will act as ... Read the full article

JLT Re bolsters aviation team with two new hires

10th May 2017

JLT Re, the reinsurance arm of international insurance and reinsurance brokerage JLT Group, has added Graham Barden and Jon Warner as Partners within its aviation team, based in the firm's London office. Barden brings more than 40 years of aviation market experience to the role and has worked in both insurance ... Read the full article

BMS Group appoints new CEO of Australia

10th May 2017

Specialist insurance and reinsurance industry brokerage, BMS Group Limited, has named Andrew Godden as Chief Executive Officer (CEO) of Australia, based in the firm's Sydney office. Godden has more than 30 years of insurance industry experience and joins the firm from Arthur J. Gallagher, where he has been CEO of Australia ... Read the full article

Hannover Re maintains full-year net income target as it reveals Q1 results

10th May 2017

Reinsurance giant Hannover Re has reported a successful start towards achieving its full-year net income target in Q1, after kicking off the year with an optimistic move to raise the guidance for group net income from €950 million to over €1 billion. In Q1, Hannover Re's gross written premium rose by 6.6% ... Read the full article

BIBA forms Innovation Working Group to help unlock InsurTech potential

10th May 2017

Vivek Banga, Chief Digital Officer (CDO) at Arthur J. Gallagher, has been appointed Chair of the British Insurance Brokers' Association's (BIBA) newly-created, cross-industry Innovation Working Group. BIBA first announced plans for the establishment of the working group in January as part of its Manifesto in the House of Commons, with its aim ... Read the full article

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