Maersk's adoption of blockchain for some of its maritime insurance needs and the selection of B3i's blockchain platform are all steps towards integration of blockchain technology into the insurance value chain despite certain pitfalls.
The former head of Guy Carpenter's Miami office has moved to Patria Re.
Høegh, who is already the chairman of Gard P&I (Bermuda), has been elected to serve as chairman for Gard.
The winners of this year's Reactions London Market Awards were unveiled on Thursday night with industry leaders gathering to celebrate those who have left an impression on the sector over the last 12 months.
Innovation and collaboration are key to the survival of the London Market, with programmes such as PPL and the new ILS legislation examples of the success the City can enjoy when it works together.
The Karfunkel-Zyskind family's bid to take AmTrust private is nearing completion after the carrier's shareholders gave the go-ahead to the deal, paving the way for them to receive $14.75 per share.
The issues affecting the London Market can be boiled down to three specific areas: the lack of innovation for customers' needs, the problem with controlling cost efficiency and a lack of collaboration.
Just two events accounted for 60% of the firm's catastrophe losses for the month.
Two of the largest insurance organisations in the US have begun discussing a possible merger.
In this month's Reactions