Archive for May, 2019

French reinsurance company SCOR has promoted four within the leadership of its Americas property and casualty reinsurance underwriting segment of the SCOR Global P&C division.

ChainThat, an insurance technology (insurtech) provider of distributed ledger (often called blockchain) solutions for the insurance and reinsurance industry, has appointed Kathleen Faries as a Bermuda Advisor.

The California Department of Forestry and Fire Protection (Cal Fire) has deemed the cause of the devastating Camp wildfire to be electrical transmission lines owned and operated by Pacific Gas and Electricity (PG&E).

The African nation of Mozambique is seeking sovereign disaster insurance solutions to help better protect its economy and people against the impacts of drought, floods and tropical cyclones.

The Bermuda Monetary Authority (BMA) is seeking feedback on a newly proposed class of insurer for use in collateralised reinsurance underwriting, as it seeks to create a new, regulated home for the multi-use and more innovative applications of collateralised and capital markets backed protection.

Global insurance and reinsurance company AXA has rebranded its specialist parametric risk transfer unit to AXA Climate and has also strengthened its team with new hires.

Law firm Clyde & Co. has developed what it’s calling a first, a connected parametric insurance policy that runs on smart contracts and can automate payouts for weather-linked risk transfer arrangements.

1347 Property Insurance Holdings, Inc. said that its reinsurance panel took all of its catastrophe losses from a single hail storm event in Texas during the first-quarter of 2019.

Numerous changes at the executive level have been announced by Aspen Insurance Holdings Limited, including a new CEO for its Bermuda underwriting platform and handing responsibility for outwards reinsurance and retrocessions to the CRO.

PartnerRe has expanded on its recent longevity reinsurance transaction with Canadian insurer Manulife, growing the protection provided to cover around 30,000 annuitants.