Tag: international insurance companies

Two Lloyd’s of London automated exchanges to launch for cheaper, faster insurance

G. Turner
Lloyd’s of London Automated Exchanges - Lloyd's building in London

The highly traditional insurance market has planned to use technology to improve efficiency. Two Lloyd’s of London automated exchanges are slated to launch in order to make it possible for the traditional market to conduct business more quickly and inexpensively. Lloyd’s is a massive market but is known for conducting its business in a highly traditional way. There are currently 99 syndicate members to Lloyd’s, comprising both British and international insurance companies. That said, the majority of the company’s business is conducted in-person. This has caused it to experience two…

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European insurance companies seek to reduce risks from CO2 and coal

H. Cutner
European Insurance companies - Focus on Europe

The sector is creating its own plan in the name of climate change and cutting back on its risks. European insurance companies are boosting their investments in green energy at the same time that they’re letting go of certain carbon intensive businesses. This move is being made for the purpose of doing their part to cut back on risks associated with climate change. This move was announced at the same time that 200 countries meet in Poland to discuss climate initiatives. As a growing number of countries around the world…

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Russell Higginbotham announced as new Swiss Re CEO

G. Turner
Swiss Re CEO - New CEO Announced - Business

The incoming chief executive officer will replace Jean-Jacques Henchoz, who is leaving the insurer. Group Executive Committee member, Reinsurance EMEA and Regional President EMEA, Russell Higginbotham will become the Swiss Re CEO on September 1, 2018. The previous chief executive officer made the decision to seek an opportunity outside Swiss Re. Russell Higginbotham isn’t at all new to the insurer. Before being named as the new Swiss Re CEO, Higginbotham has been working for the firm for 24 years throughout a spectrum of different geographies and business areas. His most…

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If SpaceX rockets are to be reused, they’ll need insurance first

H. Cutner
SpaceX rockets spacecraft technology

The company is looking to use their technology more than once and is preparing to recover them for re-launch. Now that it has been shown that SpaceX rockets are able to make landings on a consistent basis, they are now looking to insurance underwriters to make it possible to be able to reuse those devices for the launch of commercial satellites. The insurance industry will need to be heavily involved in this process in order to manage the financial implications. Over the next week or two, the Hawthorn space company…

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