Property
Experience gives Artificial Labs the edge in the US market: Joost
Eric Joost will spearhead insurtech’s expansion into the US wholesale market, where other tech firms mostly operate in the retail insurance space
Philippines quake ‘may prompt reinsurers to adjust risk appetite’
June 8 quake struck near southern Mindanao, killing close to 40
UIB hires Webb to lead US binder growth
Kevin Webb will build transportation-focused binder business at the Lloyd’s broker
WTW expands international property facility
Expanded facility offers up to $60m of follow capacity per placement
Insurers underestimating risk of ‘supershear’ quakes
MS Amlin study finds destructive supershear ruptures are behind two thirds of insured earthquakes losses, yet are excluded from catastrophe models
Data centre insurance challenges are beginning to mount up
Delay in start-up and contingent business interruption covers are becoming trickier to obtain as projects become more complex and elements such as on-site power plants are introduced
HDI Global names Hunt UK and Ireland CEO
Hunt was named interim chief executive in February following the departure of former chief executive Stephanie Ogden
Public property insurance advocate leads in California
Becerra has called for rate freeze, while Kim proposes public catastrophe insurance programme
Rage against the machine
Re/insurance companies are already replacing jobs with AI tools, while others are creating new ones to have a human in the loop
California candidates call for big interventions in insurance market
Leading gubernatorial candidate wants a price freeze, while insurance commissioner candidate Jane Kim is calling for a public natural disaster insurance system
Santam appoints Geddes CEO for syndicate 1918
Former MS Amlin executive to lead Africa insurer’s newly-launched Lloyd’s syndicate
Middle East conflict could become costliest PV loss on record
Insured political violence and terror losses arising from the conflict could reach $3bn, Howden Re estimates
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