Reinsurance
Insurtech start-up Insurdata raises $3m in seed round
Insurtech Insurdata has secured $3m (£2.29m) in seed funding from a group of investors led by Anthemis and Menlo Ventures.
Tokio Marine Kiln appoints Will Curran as head of reinsurance
Tokio Marine Kiln has appointed Will Curran as head of reinsurance.
Blog: Getting Insurtech over the wall and up the hill
Agile is poorly understood by the UK insurance industry - and implemented even worse. That is the view of Oxbow Partners' Chris Sandiland, who offers his own take on how incumbents can best take advantage of an insurtech and innovation strategy
Interview: Janet Connor, The AA
A lot has changed at the AA in the five years since Janet Connor, now director of insurance, joined the organisation. She explains to Jonathan Swift how an investment in data and technology – alongside the relaunch of its insurance company and board…
British Insurance Awards at 25: The judges reflect on the changing market
With the deadline for entering the British Insurance Awards getting ever closer, what better time to introduce the judges who will be casting an eye over these years submissions? Post canvasses them for their favourite memories of previous BIAs and their…
Court hears first installment in Besso and Bloody Bay legal action
Exclusive: The first hearing in the case of Besso v Bloody Bay was heard today in the commercial court.
Pool Re extends business terror loss cover
Insurers under the government-backed Pool Re scheme will cover business interruption losses in cases of a terror attack.
Beazley profits halve as it feels nat cat impact
Beazley saw profits fall 55% last year owing to the continuing affect of natural catastrophe claims on underwriting margins.
Mapfre looks to strengthen links to 'big five' brokers
Mapfre has appointed Chris Smith to the newly-created position of chief global brokers officer.
Rising star: Tom Foster, Ambant
Tom Foster started in insurance straight from further education and has already risen to senior reinsurance technician at Ambant.
Interview: Shaun Lynn and Steve Hearn, BGC and Ed
With the takeover of Ed, BGC president Shaun Lynn believes he now has the person in its CEO Steve Hearn to help it realise its insurance ambitions. The pair spoke to Jonathan Swift about how an investment in technology, talent, globalisation and a finely…
Jersey insurer investigated for suspicious accounts
The Jersey Mutual Insurance Society is being investigated after ‘historic accounting activities’ were uncovered.
California wildfire losses expected to hit record levels
The losses from the continuing 8 November California wildfires are expected to reach record levels, according to ratings agencies.
Swiss Re UK & Ireland CEO O’Neill steps down
Swiss Re UK & Ireland CEO Frank O’Neill is leaving the business to pursue another opportunity.
Markel snaps up Nephila in insurance-linked securities deal
Markel is to buy the world’s largest manager of insurance-linked securities, Nephila Holdings.
Vandendael to leave Lloyd’s and take up CEO role at Everest
Lloyd’s chief commercial officer, Vincent Vandendael, is to leave the Corporation after almost six years, moving to Everest Insurance as CEO of International Insurance in early 2019.
This week in Post: Do you know who's on the other end of the phone?
We have all experienced that heart-stopping moment when our phone rings and our eyes are greeted with the dreaded: "No caller ID."
Trans Re snaps up Maiden renewal rights as reinsurer plans to sell US arm
TransRe, the reinsurance arm of Transatlantic Holdings has acquired the exclusive renewal rights to all of Maiden Re's US treaty reinsurance underwriting business.
Updated: Partner Re firms fined €1.5m for Solvency II breach
The Central Bank of Ireland has fined two Dublin-based subsidiaries of Partner Re €1.54m (£1.35m) for breaches of the European Union regulation on solvency requirements.
Hannover Re names Swiss Re's Henchoz to replace CEO Wallin
The CEO of Hannover Re, Ulrich Wallin, is to step down and retire from the reinsurance giant in 2019 and will be replaced by Swiss Re’s Jean-Jacques Henchoz.
Lloyd’s managing agents call for greater ILS use
Some 80% of Lloyd’s managing agents would like to see insurance-linked securities become a permanent fixture in the reinsurance and insurance market.
Brit profit dives 87.5% at H1
Brit’s pre-tax profit nose-dived 87.5% in the first six months of 2018 on the back of poor investment returns.
Hiscox Retail helps drive 27% boost in group profit at H1
Hiscox saw pre-tax profit climb 27% to $164m (£125m) in the first half of 2018, with the insurer’s retail arm contributing more than half of that figure.
BLM targets EC3 push with new London market and reinsurance heads
BLM has named Damian Cleary as head of London market and Gavin Coull as head of reinsurance as the law firm targets growth in Lloyd’s.