All News articles – Page 167
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News Agenda
Axis Re Strategic Partners hires Hands to head Australian business
Robert Hands has joined Axis Re Strategic Partners to manage global client relationships for the Asia Pacific region
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AIG consolidates reinsurance operations to form AIG Re
Re/insurance firm AIG has announced the consolidation of its existing reinsurance operations into a new business called AIG Re, with Christopher Schaper as its first CEO
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Sydney’s hailstorms loss estimate increased to $529m
Market data firm Perils has increased its loss estimate for the December 2018 Sydney hailstorms to $529m
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Gallagher buys Australian consulting firm P2 Group
P2 Group to operate under the direction of Gallagher Australia’s specialty workplace risk practice
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LIIBA board welcomes heads of Price Forbes and Lonmar Global Risks
James Masterton and David Pexton will join LIIBA’s board of directors with immediate effect
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BGC hires Chad to launch new global aviation brokerage
Marcel Chad joins BGC’s insurance arm to launch a new global aviation and aerospace re/insurance intermediary
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MS Amlin appoints senior marine underwriter in Dubai
Re/insurer MS Amlin has appointed Mary Vogiatzidou as a senior marine underwriter in its Dubai office
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US cyber insurance premiums increase 10% - Aon
Premiums for US cyber insurance have increased to $2.03bn, according to a recent report by Aon
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Viewpoints
Reinsurers well capitalised for 2019 Atlantic hurricane season – Moody’s
Global reinsurers are entering the 2019 hurricane season with solid capital positions to withstand potential losses, according to a recent report from Moody’s Investors Service
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Liberty Specialty Markets appoints new CFO
Liberty Specialty Markets, a division of Liberty Mutual Insurance Group, has named Steve McMurray as its new chief financial officer, effective immediately
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Swiss Re to reorganise ReAssure ahead of IPO
The reinsurer is progressing with plans for an initial public offering of shares in its closed life book consolidator, ReAssure
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Aviva UK to undergo £300m efficiency drive
New Aviva chief executive, Maurice Tulloch, has announced a series of structural changes for the insurer as part of a wider cost savings programme
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Reinsurers agree $6.2bn cover for New Zealand’s Earthquake Commission
The New Zealand Earthquake Commission has obtained $6.2bn of reinsurance cover
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Re/insurers facing ‘new era of liability’
More robust regulation and a lack of underwriting discipline are threatening re/insurers with a ‘new era of liability’ according to a Russell Group report
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Latent exposure warning for P&C insurers
The complex nature of casualty catastrophes (CasCat) can be linked to human behaviour and other variables that follow a less-discernible pattern - according to a new report from S&P Global Ratings
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News Agenda
Five lines and five countries hit hardest by primary price rises in Europe
Unprecedented loss levels, evolving buyer demands, changing exposures, reinsurance pressures and increased operational costs are pushing insurers to reassess their business models, according to a report from re/insurance broker Aon
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News Agenda
Allianz UK to buy Legal & General non-life arm and a 51% stake in LV GIG
Allianz UK will buy Legal & General Insurance outright for £242m and will also purchase a 51% stake in LV General Insurance Group (LV GIG) for £578m
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News Agenda
FIDES 2019 schedule goes live; GR to publish dailies reporting live from Bolivia
The Bolivian Association of Insurers has published the programme of activities of the FIDES event to be held on 8-10 September 2019
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Mutual insurers lead the German market - CEO study
A survey of German insurance CEOs suggests mutual have the best leadership
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Ransomware attacks more than double in 2019
Number of ransomware attacks reported in Q1 2019 rose 105% from same period in 2018, according to Beazley