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Metabiota unveils Pathogen Sentiment Index & agreement with Munich Re, Marsh

20th April 2018

Epidemic risk modeller Metabiota has announced details of its Pathogen Sentiment Index, a tool that enables the estimation of public fear and behavioural change as a result of infectious disease outbreaks, and which is to be used to develop epidemic insurance solutions through an exclusive agreement with reinsurer Munich Re and ... Read the full article

Marsh develops new cyber suite for business interruption risks

19th April 2018

Re/insurance broker and risk management solutions firm Marsh has committed to addressing the growing threat of business interruption (BI) from cyber-attacks with the launch of a suite of new and enhanced risk analytics and insurance solutions. Demand for BI solutions has grown in response to high-profile cyber events like the WannaCry ... Read the full article

Marsh names Paul Denny as UK FINPRO Leader

18th April 2018

Marsh, a global re/insurance broker and risk management firm, has appointed Paul Denny as UK Financial and Professional Practice (FINPRO) Leader. Denny will be responsible for managing Marsh’s UK management liability, financial services, professional liability and specie risk teams, and will report to Paul Moody, Chief Executive Officer (CEO) of Marsh’s ... Read the full article

Investments help P&C reinsurers stay profitable in 2017: Aon Benfield

18th April 2018

Reinsurance broker Aon Benfield has reported that the traditional reinsurance sector remained profitable in 2017 despite record-breaking catastrophe losses, with net income across its Aon Benfield Aggregate (ABA) group standing at US $4 billion, and total equity rising 2.5% to $204 billion, driven in part by high investment income. The ABA ... Read the full article

Marsh launches digital labs to develop new tech strategies

18th April 2018

Re/insurance broker Marsh has announced the launch of Marsh Digital Labs, an incubator focused on experimenting with emerging technologies, developing new products and business models, and engaging with clients, carriers, and InsurTech companies. Part of Marsh’s broader Digital, Data, and Analytics organisation, Marsh Digital Labs is based in San Francisco, California, ... Read the full article

Global political risks becoming increasingly volatile: Aon

17th April 2018

Aon has reported that global political volatility is leading to increased political violence and political risk, with the likelihood of interstate conflict, terrorism, and general political and economic disruption all increasing. Aon’s 2018 Risk Maps report found that political violence risks are rising globally due to geopolitical tensions, a weakening of ... Read the full article

Willis Towers Watson partners with IBM Security on cyber services

17th April 2018

Willis Towers Watson has announced that it plans to enhance its global cybersecurity risk advisory services by integrating IBM Security’s suite of cyber features. Insurance and reinsurance broker Willis believes the collaboration will allow its clients to more holistically assess cyber threats, which will facilitate more effective risk transfer and overall ... Read the full article

Commercial property rate increases ease following sharp rises: Willis

16th April 2018

Insurance and reinsurance broker Willis Towers Watson has reported that rate increases for commercial property re/insurance are easing after sharp rises in response to 2017’s record-breaking natural catastrophe losses, although it predicts that buyers will continue to face upward pricing pressure over 2018. In its 2018 Insurance Marketplace Realities report, the ... Read the full article

Global reinsurance capital up 2% to $605bn: Aon Benfield

16th April 2018

Global, overall reinsurance capital increased by 2% year-on-year to reach $605 billion at the end of 2017, according to reinsurance broker Aon Benfield's April Reinsurance Market Outlook. According to Aon Benfield's analysis, much of the growth came from the alternative reinsurance market, which grew by $8 billion from the end of ... Read the full article

Global Risk Partners acquires brokerage Thomas Sagar Insurances

13th April 2018

Global Risk Partners Ltd has announced the acquisition of Thomas Sagar Insurances Ltd (Sagar) for an undisclosed fee, after receiving necessary regulatory approval. Founded 60 years ago, Saga is a Burnley-based chartered insurance broker and the acquisition expands Global Risk Partners northern footprint for retail broking. Mike Bruce, Global Risk Partners Chief Executive Officer (CEO), ... Read the full article

Technology is redefining value chain roles, says Aon Benfield CEO Andersen

13th April 2018

Eric Andersen, Chief Executive Officer (CEO) of reinsurance broker Aon Benfield, has asserted that the integration of increasingly advanced InsurTech and data analytics is reshaping the re/insurance industry value chain and redefining the roles of brokers, insurers, and reinsurers within it. In an interview with A.M. BestTV at the Dubai ... Read the full article

Marsh’s Lay leaves Canada to become CEO of UK & Ireland

13th April 2018

Marsh has announced that Chris Lay is to become Chief Executive Officer (CEO) of its UK & Ireland region and of Marsh Limited, and has appointed Sarah Robson to replace him as President and CEO of Marsh Canada. Lay, who has been with Marsh for 30 years, will relocate back to ... Read the full article

Christos Adamantiadis joins Marsh as CEO of combined Middle East & Africa region

11th April 2018

Global insurance and reinsurance broker Marsh has announced the appointment of Christos Adamantiadis as Chief Executive Officer (CEO) of a newly combined Middle East and Africa region, effective May 1st, 2018. In his new role, Adamantiadis will be based in Dubai and report to Flavio Piccolomini, President of Marsh International. The position will see ... Read the full article

Jonathan Bines joins AFL Insurance Brokers from JLT as Chief Commercial Officer

10th April 2018

Independent Lloyd's of London broker, AFL Insurance Brokers Ltd, recently announced the appointment of Jonathan Bines as Chief Commercial Officer (CCO). Bines was formerly with insurance and reinsurance broker JLT as a Senior Partner, Specialty Property & Casualty, after joining the firm in 2005 from Marsh, where he started his insurance ... Read the full article

Howden to acquire majority stake in Turkish broker ACP

9th April 2018

Howden, part of the Hyperion Insurance Group, has announced that it plans to purchase a majority stake in ACP, Turkey’s largest independent re/insurance broker. The transaction will considerably expand Howden's operations in Turkey, adding sites in Ankara, Bursa, and Izmir to the company’s existing office in Istanbul, which was established in ... Read the full article

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