Allianz
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Nine cedants including Allianz and Generali were involved in the pilot. -
The former AGCS marine chief will be managing director of Willis Re’s international customised reinsurance practice.
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Adam Lantrip, Sam Levine and Laura Burke have joined the new division.
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US liability claims deterioration is one of the reasons Allianz has not been more specific on its full-year profit guidance, the CFO said.
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Profits at AGCS grew 57 percent, while pricing momentum pushed up revenues at the unit up by 13 percent.
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Decision taken to renew separate LV cover at 1 December, with an integrated purchase likely in the future.
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The drone insurance start-up will initially insure flights for the UK, Belgium and Sweden and Finland.
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The machine learning company counts Chubb and RenaissanceRe among its customers.
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Size of payout will depend on whether CBI sub-limit of $100mn holds, with insured seeking $450mn.
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The CEO says the institution is politicised and encouraging reckless consumer spending.
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Hyeji Kang was formerly head of actuarial function and replaces Bernhard Arbogast, who retires after 25 years with the carrier.
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Swiss Re, Allianz and Zurich are among those backing the UN initiative.
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