AXA XL Risk Consulting announced it is using artificial intelligence (AI) to enhance its property risk engineering capabilities. AXA XL Risk Consulting is working with Expert System, an Italian developer of cognitive computing software based on AI algorithms. In order …
As the search continues in Laos for hundreds of people still missing in deadly floods caused by a collapsed dam, the South Korean firm helping to build the damaged hydropower project said it warned the government and began evacuating villages …
Underwriting performance in global engineering insurance has deteriorated over recent years – on declining premiums and rising claims in some construction sectors due to poor quality control, according to Swiss Re in its latest sigma study. “Some engineering insurers’ profit …
Allianz Global Corporate & Specialty (AGCS)* has appointed Paul Smith as head of Engineering, Regional Unit London (RUL). He reports regionally to Carsten Scheffel, AGCS board member and chief regions & markets officer for RUL. He also reports locally to …
Allianz Global Corporate & Specialty SE (AGCS) has announced senior underwriting appointments in property and engineering as well as risk consulting. Thierry Portevin will take over the role of global head of Property in the Chief Underwriting Office Corporate Lines, …
Sompo Canopius AG announced the appointment of Mike Southgate as global head of Marine, Energy and Engineering. He will join the group underwriting committee and report to Mike Duffy, group chief underwriting officer. Southgate, who was previously joint active underwriter …
Castel Underwriting Agencies Ltd., the London-based MGA formation platform, has launched its first corporate underwriting cell, working with One Re, a specialist African-focused reinsurer, to target facultative reinsurance business across Sub-Saharan Africa. The underwriting cell, called One Facultative Acceptances*, will …
UK-based Allianz Engineering has appointed Steve Kelly as senior technical manager. In his new role, Kelly will be responsible for delivering profitable growth by overseeing the development of Allianz’s engineering propositions as well as supporting the continued growth of underwriting …
ACE has promoted Andrey Sedov to the newly created position of head of property risk engineering for Eurasia and Africa, as the company continues to build its risk management capability for clients across its newest regional business and around the …
XL Group plc’s Insurance segment has combined its Property Underwriting and XL Global Asset Protection Services (XL GAPS) engineers to form one unified team, which consists of “nearly 200 risk engineers worldwide.” XL said its goal is to “efficiently direct …
