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NewsAIG reveals limited BI exposure despite $272m Covid-19 hit
Chief executive Brian Duperreault describes Covid-19 as “the single largest CAT loss the industry has ever seen”
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KBRA Releases Research – Coronavirus (COVID-19): Global Insurance Update
Kroll Bond Rating Agency (KBRA) releases updated views about COVID-19’s implications for the global insurance sector. COVID-19 is now officially a pandemic with unprecedented consequences. In this report, KBRA updates our previous views on the implications of the COVID-19 crisis for the life and property and casualty (P C) ...
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BMS acquires Spanish specialist insurance broker Jurado Mata
BMS Group today announced that its Spanish subsidiary, BMS Iberia, has acquired Jurado Mata, the Granada-based Spanish specialist insurance broker. The consideration for the transaction was not disclosed. Founded in 1990, Jurado Mata has provided a range of affinity, commercial and personal lines solutions to a range of Spanish ...
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Aspen Insurance Holdings exits underperforming UK regional P&C line
Group chief executive describes 2019’s financial results as ‘disappointing’
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Aspen Insurance Holdings appoints new group chief financial officer
The new hire succeeds Scott Kirk, who is leaving the firm at the end of April
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DWIC 2020: Building a sustainable and affordable healthcare market for MENA
With increases in medical costs easily outstripping inflation, what can be done to manage costs, increase affordability for all and build sustainable profits?
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In Pictures: Dubai World Insurance Congress 2020
With close to 600 delegates coming from across the MENA region and beyond, networking has been high on the to-do list, supported by a varied agenda driving debate on some of the hottest topics facing the industry
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Contrarian PartnerRe betting on L&H, pureplay reinsurer strategy
Emmanuel Clarke said PartnerRe’s life and health business had grown by 23%
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JBA set to launch first probabilistic global flood model
Risk carriers active in Southeast Asia and Japan are among those expressing interest in JBA Risk Management’s new worldwide flood model
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Munich Re reaches landmark cyber premium total
Munich Re’s market share in cyber now at just over 5%
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Wider datasets can limit loss creep impact – Perils CEO
But chief executive Luzi Hitz says the size of the event is the biggest contributor to loss creep figures
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AIR warns reinsurers to beware of significant Typhoon Fuxai losses
AIR chief research officer Jay Guin said the many exposures in Tokyo could create significant multi-billion dollar losses
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GC Symposium: You don’t have to be big to be beautiful
The trend for mergers and global composites is not the panacea it seems, Hamilton CEO Pina Albo told Guy Carpenter’s Baden-Baden Reinsurance Symposium
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Consulting editor's comment: Monte Carlo or Bust
Hoping for a year of low catastrophe claims, or for a market-changing storm, misses the point, writes GR’s consulting editor, David Benyon
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Maritime firms fear cyber-attack supply chain breakdowns, XL Catlin warns
Attacks on ports such as Antwerp raise concerns about cyber risk and its effects on resilience, according to specialty insurer XL Catlin
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GDPR – Data mishandling could be the new PPI
The regulator’s penalties for data breaches are stiff, but a bigger problem could be an avalanche of claims from clients for data mis-handling
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Flat renewals at 1.4 disappoint reinsurers – Willis Re
But “dynamic change” in M A appetite keeps the market “lively”
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Canopius makes two top-table hirers
The two new senior managers bring wealth of experience to the table
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Opinion: An SOS for insurance operations
Xceedance chief executive Arun Balakrishnan offers his view on the evolution of business process outsourcing
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XL Catlin becomes founding member of InsurTech Asia Association
The mechanism will help the (re)insurer to explore insurtech in the region
