Search | The Insurer TV

Insurtech eMaxx engages Stonybrook Capital to realise carrier ambition; makes senior insurance hire

News

Casualty

Insurtech eMaxx engages Stonybrook Capital to realise carrier ambition; makes senior insurance hire

Commercial property and casualty insurtech eMaxx has appointed Eileen Currie as president and CEO of its insurance operating companies as it prepares to become a full stack insurtech insurance company, The Insurer can reveal.

Thu 6 Aug 2020

CRC hires Maucere from Arlington/Roe to lead new Indianapolis operation

News

People Moves

CRC hires Maucere from Arlington/Roe to lead new Indianapolis operation

Wholesale broker CRC has opened an office in Indianapolis, hiring Arlington/Roe’s Mark Maucere to lead the newly formed team.

Thu 6 Aug 2020

News

HCI’s TypTap targets $5bn revenues by 2030 with nationwide expansion

HCI’s Florida-focused homeowners and flood insurtech TypTap Insurance has announced plans to expand nationwide, with a goal to generate $5bn in revenue by 2030.

Thu 6 Aug 2020

News

Munich Re “will be affected in some way” by Beirut port explosion: Jurecka

The chief financial officer of German reinsurance giant Munich Re has said the carrier “will be affected in some way” by Tuesday’s port explosion in Beirut.

Thu 6 Aug 2020

News

Casualty

Axis Re promotes Osterrieder to lead North America casualty

Axis Re has appointed Dan Osterrieder as the new head of its North America casualty operations, replacing Scott Kreuzer who joined Aspen Re back in March.

Thu 6 Aug 2020

News

New products needed as Covid-19 heightens intangible assets’ role: Lloyd’s

The Covid-19 outbreak has heightened the emphasis on the role that intangible assets play in modern-day industry, and the pandemic has only served to increase companies’ exposure to new risks impacting them, according to a new report jointly published by Lloyd’s and KPMG.

Thu 6 Aug 2020

Branch’s BIX closer to launch after regulatory registration and Demotech rating

News

Homeowners insurance

Branch’s BIX closer to launch after regulatory registration and Demotech rating

Home and auto insurtech Branch has moved a step closer to writing business on its reciprocal exchange after the platform was registered with regulators in its home state of Ohio and received a financial strength rating from Demotech.

Thu 6 Aug 2020

Darag acquires motor and travel insurance company

News

Legacy

Darag acquires motor and travel insurance company

Run-off specialist and legacy acquirer Darag has acquired Luxembourg-based automobile and travel insurance company Arisa Assurances SA (Arisa).

Thu 6 Aug 2020

Axa XL underlying trends ‘very positive’ despite CR miss

News

Results

Axa XL underlying trends ‘very positive’ despite CR miss

Axa XL’s underlying performance remains in line with its full-year earnings target of Eur1.2bn, parent company Axa has revealed, with the division set to “pick and choose” its growth opportunities in the US and Europe as it aims to capitalise on improving market conditions.

Thu 6 Aug 2020

News

Losses

Beirut explosion to trigger BI, hospitality, transportation and supply chain losses

Business interruption, hospitality, transportation, and supply chain losses are among the broad range of claims expected to emerge from Tuesday’s Beirut port explosion, according to Andrew Bart, global president of Crawford Global Technical Services.

Thu 6 Aug 2020

News

Losses

Beirut governor: economic losses up to $15bn

Beirut’s governor, Marwan Abboud, has said economic losses following the devastating blast in Lebanon’s capital city may reach as high as $10bn-$15bn.

Thu 6 Aug 2020

News

Aviva: new CEO Amanda Blanc promises to make “difficult choices” including exiting overseas markets

Little more than one month into her new role at UK insurer Aviva and Amanda Blanc has set out the need for bold changes which could include exiting its sub-scale Europe and Asia markets.

Thu 6 Aug 2020

Munich Re P&C profits halve as division H1 loss bill hits Eur1.4bn

News

Results

Munich Re P&C profits halve as division H1 loss bill hits Eur1.4bn

Munich Re reported a second quarter net result of Eur348mn in its P&C Reinsurance division – less than halve the Eur704mn the unit contributed to the group result in the same period last year.

Thu 6 Aug 2020

Axa share price dips after CR rises 16.9 points in Axa XL division

News

COVID-19

Axa share price dips after CR rises 16.9 points in Axa XL division

Axa has seen its share price dip 3.6 percent in early morning trading after reporting a group combined ratio of 101.7 percent for the first half of 2020.

Thu 6 Aug 2020

CSU and TSR increase hurricane forecasts once again

News

Property catastrophe

CSU and TSR increase hurricane forecasts once again

Colorado State University (CSU) and Tropical Storm Risk (TSR) have increased their forecasts for the 2020 Atlantic hurricane season, with both now predicting 24 named storms but differing on the number of hurricane formations.

Thu 6 Aug 2020

WR Berkley names Griffith president of E&S unit Aspire

News

People Moves

WR Berkley names Griffith president of E&S unit Aspire

WR Berkley has appointed former QBE and Hartford executive Brian Griffith as president of Berkley Aspire, succeeding Miklos Kallo.

Thu 6 Aug 2020