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Beazley partners with Vizient to offer active shooter coverage

News

Beazley partners with Vizient to offer active shooter coverage

Beazley has partnered with Vizient Insurance Services, a subsidiary of healthcare services company Vizient, to offer active shooter coverage and a suite of risk management services.

Mon 15 Jun 2020

LV= confirms strategic review

News

M&A

LV= confirms strategic review

UK insurer LV= has confirmed it is undertaking a strategic review which involves a potential sale of the business.

Mon 15 Jun 2020

Suncorp names ex-CBA executive Bennett as CIO

News

People Moves

Suncorp names ex-CBA executive Bennett as CIO

Australian insurer Suncorp has named former Commonwealth Bank of Australia (CBA) business and private banking group executive Adam Bennett as chief information officer (CIO).

Mon 15 Jun 2020

Cat bond rush highlights the ILS schism

News

Cat bond rush highlights the ILS schism

Despite the temporary impasse caused by the Covid-19 market rout, 2020 could potentially surpass 2018 as the most active year for cat bonds as ILS investors continue to show enthusiasm for new issuances.

Mon 15 Jun 2020

German insurance industry proposes Eur10bn pandemic fund

News

Business interruption

German insurance industry proposes Eur10bn pandemic fund

German (re)insurers are working on plans for a Eur10bn ($11.3n) public-private fund to deal with catastrophes like pandemics.

Mon 15 Jun 2020

Orchid teams up with former AmRisc CUO on new MGU

News

Program

Orchid teams up with former AmRisc CUO on new MGU

US property cat-focused managing general underwriter Orchid Underwriters Agency has teamed up with former AmRisc CUO Scott Hanson to launch CrossCover Insurance Services to write middle-market commercial properties for wholesale broker clients.

Mon 15 Jun 2020

Axis hires Aon’s Seyfried as head of cyber US open market

News

People Moves

Axis hires Aon’s Seyfried as head of cyber US open market

Axis Insurance has named Eric Seyfried as head of cyber US open market, joining from Aon where he spent six years.

Mon 15 Jun 2020

Marsh JLT Specialty names Silberberg Canadian renewable energy leader

News

Energy

Marsh JLT Specialty names Silberberg Canadian renewable energy leader

Marsh JLT Specialty’s renewable energy unit has promoted Joanne Silberberg to lead its Canadian operations.

Mon 15 Jun 2020

Ascot picks Phinsys to transform Lloyd’s syndicate finance function

News

Ascot picks Phinsys to transform Lloyd’s syndicate finance function

CPPIB-backed Ascot has worked with automation software provider Phinsys to implement an accounting and finance platform for its Lloyd’s operation to streamline the syndicate’s financial processes.

Mon 15 Jun 2020

Hiscox Action Group launches £40mn arbitration claim

News

Business interruption

Hiscox Action Group launches £40mn arbitration claim

Lawyers representing the Hiscox Action Group (HAG) have formally commenced its arbitration claim against Hiscox Insurance for non-payment of business interruption insurance totalling almost £40mn ($50mn).

Mon 15 Jun 2020

Ed builds out transactional risk team

News

People Moves

Ed builds out transactional risk team

BGC Insurance-owned Ed has named Robert Coward divisional director in its professional and executive risk team.

Mon 15 Jun 2020

Activist investor Elliott calls for cost cuts and sale of units at Dutch insurer NN

News

Activist investor Elliott calls for cost cuts and sale of units at Dutch insurer NN

Hague-headquartered insurer NN is facing a list of demands from activist investor Elliott Investment Management including cutting costs, investing in riskier assets and selling off non-core businesses. 

Mon 15 Jun 2020

QBE seeks consent solicitation for $400mn capital notes

News

QBE seeks consent solicitation for $400mn capital notes

QBE is seeking a consent solicitation from holders of its $400mn perpetual fixed rate capital notes which would see the notes written off if the Australian insurer is deemed non-viable by its domestic regulator.

Mon 15 Jun 2020

European P&C stocks slide after jump in China and US coronavirus cases

News

COVID-19

European P&C stocks slide after jump in China and US coronavirus cases

Shares in German insurance giant Allianz shed over 3 percent in early trading today as European (re)insurance stocks and the wider market fell on Monday after a jump in new coronavirus infections in the US and China stoked concerns over a second wave.

Mon 15 Jun 2020

Veteran retro exec Lee leaves Aon

News

People Moves

Veteran retro exec Lee leaves Aon

Aon managing director and retro specialist Jeremy Lee is leaving the firm in London and has been linked with a move to expansive broker BMS, The Insurer can reveal.

Mon 15 Jun 2020

Remember the brutal storm season of 2010?

Comment

Remember the brutal storm season of 2010?

No? Nor us.

Mon 15 Jun 2020

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