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London

Set Alert for Insurance Day Regions :: London

Exchanging Lloyd's for company market capacity will not ease MGA compliance burden

Some MGAs see the pressure as an opportunity to distinguish themselves by demonstrating their underwriting and product governance expertise to ever more demanding capacity providers

Distribution Regulation

Globe Underwriting appoints engineering underwriter

Dan Watson joins from Pioneer

United Kingdom People moves

HDI Global Specialty UK fills leadership positions

Simon Hunt joins from RSA as finance and operations director

United Kingdom People moves
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Bermuda

Set Alert for Insurance Day Regions :: Bermuda

Axis pegs Q3 cat losses at up to $175m

Estimate consistent with industry losses of $8bn for third-quarter Japanese typhoons
Bermuda Axis Capital

AJG to acquire Bermuda ILS firm Horseshoe

ILS service provider 'will add value' to broking giant's clients
Bermuda InsuranceLinked Securities

Hurricane Jerry set to cause further disruption in Bermuda

Jerry could become second storm in a week to impact island

Hurricane Season Losses
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Europe

Set Alert for Insurance Day Regions :: Europe

Exchanging Lloyd's for company market capacity will not ease MGA compliance burden

Some MGAs see the pressure as an opportunity to distinguish themselves by demonstrating their underwriting and product governance expertise to ever more demanding capacity providers

Distribution Regulation

Price Forbes launches US healthcare practice with ex-JLT team

Paul Voller will lead the London-based practice

People moves London

BP Marsh set to unveil latest London broker deal

Private equity investor poised to take stake in third London broker

London Brokers
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Americas

Set Alert for Insurance Day Regions :: Americas

Everest estimates third-quarter cat losses at $280m

Based on industry loss of $8.5bn for Dorian and $9bn for Faxai
Asia Pacific North America

Wildfires near Los Angeles destroy nearly 100 homes

More than 100,000 residents evacuated
North America United States

Axis pegs Q3 cat losses at up to $175m

Estimate consistent with industry losses of $8bn for third-quarter Japanese typhoons
Bermuda Axis Capital
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Asia-Pacific

Set Alert for Insurance Day Regions :: Asia-Pacific

Everest estimates third-quarter cat losses at $280m

Based on industry loss of $8.5bn for Dorian and $9bn for Faxai
Asia Pacific North America

Focus: Digitising the catastrophe claims process in Asia

Mobilising technology to manage the high volume of smaller claims will free up the specialist skillsets to resolve the complex, higher-value claims critical to commercial recovery in the aftermath of a cat event

Focus Technology

Influx of Typhoon Hagibis claims expected by end of the week

Infrastructure damage and transport disruption to provide logistical challenges for initial claims response

Losses Asia Pacific
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Middle East and Africa

Set Alert for Insurance Day Regions :: Middle East and Africa

ArgoGlobal expands Dubai platform

Lloyd's insurer appoints casualty and professional lines underwriter

Argo Middle East and Africa

African reinsurers hope free trade momentum will relieve pressure

New free trade area, combined with enhanced regulatory and solvency regimes in many markets, has the potential to significantly boost the reinsurance sector across Africa

Reinsurance Regulation

African reinsurers see declining rates and rising claims

Continent’s $7.5bn market has turned bearish

Middle East and Africa Renewals
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Global

Set Alert for Insurance Day Regions :: Global

Everest estimates third-quarter cat losses at $280m

Based on industry loss of $8.5bn for Dorian and $9bn for Faxai
Asia Pacific North America

Focus: Digitising the catastrophe claims process in Asia

Mobilising technology to manage the high volume of smaller claims will free up the specialist skillsets to resolve the complex, higher-value claims critical to commercial recovery in the aftermath of a cat event

Focus Technology

Fixed-premium P&I facilities are struggling to stay afloat

Some independent entities are finding it hard to pay claims as competition from clubs intensifies

Marine International
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