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Swiss Re CorSo names Head of Casualty & FinPro North America

28th January 2020

Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurer Swiss Re, has named Laura Coppola as Head of Casualty & FinPro North America, effective January 27th, 2020. Based in New York, Coppola takes over responsibility for the company's Financial and Professional Liability (FinPro) operation in the U.S. ... Read the full article

Despite slowdown, alternative capital remains integral to reinsurance: S&P

27th January 2020

The volume of alternative, or third-party capital in the global reinsurance market declined in 9M 2019 for the first time in more than a decade, but despite this, analysts at S&P Global Ratings have said that it is still an integral part of the marketplace. At $93 billion, the volume of ... Read the full article

Climate threats dominate long term risk landscape: report

24th January 2020

Severe threats to the climate dominate the long-term risks identified in the latest Global Risks Report by the World Economic Forum (WEF), with economic confrontations and domestic political polarisations ranking among the shorter-term risks for 2020. The report, which was produced in partnership with Marsh & McLennan and Zurich Insurance Group, ... Read the full article

CFC acquires London-based insurtech ThreatInformer

24th January 2020

Specialist insurer CFC has announced the acquisition of London-based insurtech ThreatInformer. ThreatInformer leverages big data and machine learning tools to help insurers better understand their customers’ exposures. The insurtech compiles readily-available information about their risk profile from a variety of external sources. CFC hopes to streamline and improve its underwriting process and uncover ... Read the full article

AXA-backed insurtech Sayata Labs adds King Flynn from Beazley

17th January 2020

Sayata Labs, an insurtech start-up focused on cyber risk assessment for insurers and SMBs, has appointed King Flynn as head of insurance. Flynn joins the Sayata executive team and will report to Chief Executive Officer, Asaf Lifshitz. As head of insurance, he will lead the company's growth and distribution strategy to deliver ... Read the full article

CorRisk Solutions expands to include CorPro

16th January 2020

Ryan Specialty Group subsidiary CorRisk Solutions has expanded to include the business and management team of CorPro Underwriting Managers. CorPro, a series of RSG Underwriting Managers, will continue to operate as usual to provide the market access to best-in-class Management Liability products. Moving forward, CorRisk will provide professional liability for architects & ... Read the full article

Insurtech Corvus secures $32mn in venture funding

13th January 2020

Boston-based insurtech firm Corvus has secured $32 million in a Series B round of venture funding, led by Telstra Ventures. As part of the funding arrangement, Marcus Bartram, Partner at Telstra Ventures, will now join Corvus's Board of Directors. The funding round also included participation from Obvious Ventures and existing Corvus investors ... Read the full article

QOMPLX secures 12 US tech patents in 2019

10th January 2020

QOMPLX, an intelligent decision platform provider startup formerly known as Fractal, has announced that it was awarded 12 US patents for innovations in 2019. The patents, which span cybersecurity, insurance, finance and data infrastructure, allow QOMPLX a 20-year period of exclusivity to the technologies. The most recent patent, issued on December 24, ... Read the full article

Marsh enhances commercial real estate program

10th January 2020

Global re/insurance brokerage Marsh has added several coverage enhancements to its ZMAX commercial real estate insurance program, including cyber liability. Marsh said that the enhancements were designed to address potential gaps in insurance coverage faced by US mid-size commercial real estate firms. ZMAX plus is a single-carrier solutions that aims to help ... Read the full article

New Dawn Risk recruits Head of Management Liability & Financial Institutions

10th January 2020

New Dawn Risk Group Limited, an independent specialist intermediary for non-marine liability and specialty insurance and reinsurance, has announced the appointment of Nicky Stokes as Head of Management Liability and Financial Institutions. Stokes joins the company from Liberty Specialty Markets in Dubai, where she was AVP, Professional Indemnity. In this role, she ... Read the full article

Finding new talent critical to advancing insurtech: EY

31st December 2019

Re/insurers agree that finding new talent is critical to build on investments in technology and digital transformation, but attracting and retaining will require better communication and more customer-centric approaches, according to analysts at EY. As part of a new report, EY noted that re/insurance industry growth had remained stagnant for another ... Read the full article

Low yield environment still key risk for European re/insurers: EIOPA

23rd December 2019

The low yield environment remains the key risk for European insurers and reinsurers and continues to put pressure on solvency positions, according to the European Insurance and Occupational Pensions Authority (EIOPA). EIOPA believes the risk of a prolonged low yield environment has intensified over the last six months, as a combination ... Read the full article

BRP Group to acquire Chicago insurer Highland Risk

20th December 2019

BRP Group, Inc., an independent insurance distribution firm, has entered into an agreement to acquire Highland Risk Services LLC, a Chicago-based insurance company. The company will carry out the acquisition via its subsidiary, BRP Insurance Intermediary Holdings, LLC, with the transaction set to close on January 1, 2020. Highland Risk is focused ... Read the full article

Outlook stable for US commercial lines: AM Best

17th December 2019

AM Best has maintained a stable market outlook for US commercial lines insurance in 2020, citing factors such as improved market conditions and solid capitalisation, which have offset short-term profitability challenges. The rating agency noted that commercial lines pricing strengthened in 2019, while pressure on terms and conditions lessened. In addition, the ... Read the full article

Beazley adds senior specialty lines underwriter from Markel

16th December 2019

Specialist insurer Beazley has bolstered its underwriting capabilities for specialty lines in Spain with the appointment of Gabriel Rodríguez as a senior specialty lines underwriter. Rodríguez joins a team led by Francisco Antonio Alcaide and will support the rollout of Beazley's e-trading platform, myBeazley. He joins from Markel, having served as ... Read the full article