Investments

The UK High Court has found largely in favour of insurance policyholders in the Financial Conduct Authority’s (FCA)’s business interruption insurance test case. The move means insurance firms may end up facing paying for many more business interruption claims from the COVID-19 pandemic than they had been hoping to, as the decision suggests coverage should…

Tremor Technologies, the insurtech company that offers a technology-based programmatic insurance and reinsurance risk transfer marketplace, is set to make its marketplace available for every major hurricane threat, with live cat auctions set to be run by the insurtech, including today for hurricane Sally. Hurricane Sally is heading for a northern Gulf Coast landfall tonight…

Insurance giant American International Group, Inc. (AIG) has announced the hire of James Nash, a well known reinsurance industry senior executive who most recently worked for broker Guy Carpenter in Asia Pacific. Nash had worked at the reinsurance broker for almost 35 years, including with around 15 years of experience in senior roles in Japan.…

GC Securities has added a new hire in Carlo Magnani, who joins the reinsurance capital markets focused company from his most recent role at rival Willis Towers Watson. Magnani joins GC Securities in its London office and will have a focus on capital markets backed reinsurance solutions including insurance-linked securities (ILS), we understand. GC Securities…

Aon’s Reinsurance Solutions division has announced the hire of Stephen Pett in Bermuda, who joins the broker from his most recent position with insurance-linked securities (ILS) fund manager Nephila Capital. Pett joins Aon as a Vice President and broker and will focus on instruments such as industry loss warranties (ILW’s) other specialty reinsurance products. Pett’s…