All News articles – Page 156
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NewsInsurers shine spotlight on shipping container loss incidents
The extent and pace of growth in container volumes have put strains on a wide range of operational procedures
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People & OpinionCharles Taylor Welcomes Arjun Ramdas as Chief Executive Officer of InsureTech
Charles Taylor, the leading provider of services and technology solutions to the global insurance market, has today announced that Arjun Ramdas will join the firm as Chief Executive Officer of Charles Taylor InsureTech, effective September 2nd
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NewsFINEOS Acquires Limelight Health
FINEOS, the global market leader in core systems for life, accident and health insurance, has entered into an agreement to acquire Limelight Health, a leading North American provider of quoting, rating and underwriting solutions for group and voluntary employee benefits, for $75M US.
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NewsAPAC commercial insurance pricing up 31% in Q2
COVID-19 related losses among the factors driving up insurance pricing - Marsh
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People & OpinionChubb Appoints Paul Krump Vice Chairman, Global Underwriting and Claims
The appointment is effective September 1, and Mr. Krump will report jointly to Evan G. Greenberg, Chairman and Chief Executive Officer, and to John Keogh, Executive Vice Chairman and Chief Operating Officer.
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NewsGlobal Commercial insurance pricing up 19% in Q2 - Marsh
The increase is the largest since the index was launched in 2012 and reflects increased loss experience
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NewsMonsoon floods inflict $20 billion of damage in July
Much of the physical damage to property, infrastructure and agriculture is expected to be uninsured - Impact Forecasting
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NewsIrish regulator mirrors FCA by publishing supervisory framework to clarify Covid BI claims
The Central Bank of Ireland ‘expects firms to adopt a customer first approach to the resolution of business interruption issues’
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NewsQBE’s data-driven approach to bushfire recovery
A smart use of data analytics and the development of new technology has overhauled QBE’s catastrophe recovery process, enabling the insurer to deliver its most efficient and localised response to customers impacted by natural disasters.
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NewsAM Best Comments on Port Explosion in Beirut
AM Best is monitoring the situation in Beirut, Lebanon, following the devastating explosion at the city’s port on Tuesday, 4 August. The cause of the explosion, which resulted in many casualties and considerable damage is still under investigation. As the situation is unfolding, the likely effect on the local insurance ...
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Global MattersCOVID-19 brings intangible assets into full focus - Lloyd’s publishes report today in collaboration with KPMG
Intangible assets are an increasing proportion of companies’ balance sheets, already accounting for as much as 85% of the total business value across industries according to estimates. With the acceleration of digital business models, amplified by COVID-19, this value could now increase much further, becoming a major blind-spot for firms ...
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NewsBeirut port disaster loss to impact global insurers
Observers are drawing comparisons with the 2015 explosion in the Chinese port of Tianjin, which highlighted accumulation exposures in ports - AM Best
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NewsGRS appoints Chris Heywood as Chief Systems Architect
Global Risk Solutions, Inc., a leading provider of a diverse range of claims adjusting and environmental risk management solutions, is continuing to expand and deepen its technology capabilities with the hire of Chris Heywood as Chief Systems Architect.
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NewsEverest Re Group Reports Second Quarter 2020 Results
Everest Re Group today reported that for the three months ended June 30, 2020, net income was $190.9 million, or $4.77 per diluted common share, compared to net income of $332.9 million, or $8.15 per diluted common share, for the three months ended June 30, 2019.
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NewsCovid-19 pandemic impacts AXA’s underlying earnings
Despite the Covid-19 pandemic AXA said its “well positioned” as a group and remains resilient in these challenging circumstances
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NewsMunich Re posts good Q2 result despite high losses from COVID-19
Munich Re generated a profit of €579m (993m) in Q2 2020, and €800m (1,626m) in Q1-2. Business development was encouraging, with the exception of the drag on profit due to COVID-19-related losses totalling around €700m in Q2 and some €1.5bn in Q1-2 2020.
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People & OpinioneMaxx announces the appointment of Eileen Currie to lead insurance operations
eMaxx, a leading commercial property and casualty InsurTech, today announced that Eileen Currie has been appointed President / CEO of eMaxx’s insurance operating companies.
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NewsHastings ‘very pleased’ with share capital offer from investors
The deal recognises the ‘inherent value in the company’ adds Hastings’s group chief financial officer
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NewsAIG Reports Second Quarter 2020 Results
Brian Duperreault, AIG’s Chief Executive Officer, said: “We are effectively navigating the current complex environment due to the strong foundation we built over the last three years. While unprecedented and on-going, COVID-19 remains an earnings, not a capital, event for AIG. We also increased our financial flexibility ending the second ...
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NewsOneConnect and Swiss Re to Partner on Smart Claims to Europe
OneConnect and Swiss Re are joining forces to co-develop a digital end-to-end solution for motor claims handling for the European market, based on artificial intelligence (AI) and advanced data analytics .
