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Opinion: Blockchain buzz

So much buzz and noise has surrounded blockchain technology that some industry executives see it as little more than a chimerical device used by entrepreneurs in search of venture funding.

Ted Bunker, 14 July 2017
Axis to go live with managing agency

Axis Capital has received final authorisation from Lloyd's and the UK's financial regulators to launch its own managing agent, the carrier revealed today.

Charlie Thomas, 14 July 2017
Tokio Millennium Re hires Lloyd’s Secrett

Lloyd's interim head of underwriting performance Brian Secrett is to leave the Corporation to join Tokio Millennium Re in the new role of chief underwriting officer.

Laura Board, 14 July 2017
Towergate owner rebrands as Ardonagh

The private equity-backed owner of Towergate has rebranded itself after a corporate restructuring that brought together a clutch of insurance businesses under a single corporate entity.

Bernard Goyder, 14 July 2017
Planned import tax to lift California premiums by $1.9bn: think tank

The proposed border-adjustment tax (BAT) on imports of goods and services into the US could lift P&C insurance costs for Californian consumers by $1.91bn over the next decade, according to free-market think tank R Street.

14 July 2017
Sirius expands environmental team with key hires

Sirius Group has bolstered its new environmental team with two senior hires under division chief Doug Stepenosky, The Insurance Insider can report.

Ted Bunker, 14 July 2017
Former Ariel CEO and AFG mint venture capital firm

Former Ariel Re CEO Tom Milligan has teamed up with American Financial Group (AFG) to establish a venture capital firm that will help entrepreneurs launch underwriting businesses, The Insurance Insider can reveal.

Adam McNestrie, 14 July 2017
Chubb names leadership for casualty units

Chubb has appointed Bill Rabl as head of its North American casualty unit, in a re-shuffle of the division's senior leadership.

Bernard Goyder, 14 July 2017
Cat events to reduce National Security Q2 earnings

US regional insurer National Security Group has estimated that its P&C unit incurred $4.8mn in second quarter catastrophe losses from 13 events, more than double the hit recorded in Q2 2016.

Charlie Thomas, 14 July 2017
Opinion: Probitas’ unlikely backer

First the Panamanians, now the Saudis. In a market dominated by capital from established western insurance hubs, you could argue that Probitas CEO Ash Bathia keeps unusual bedfellows.

Adam McNestrie, 14 July 2017

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