All News articles – Page 171
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News Agenda
ArgoGlobal syndicate quits Asia and most marine hull underwriting
Argo’s Lloyd’s Syndicate 1200 is to exit Asia and most of its hull underwriting globally
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News Agenda
Indian government selects Srivastava as GIC Re boss
A new head has been appointed for India’s state-owned reinsurer GIC Re, after Alice Vaidyan retired from the post at the end of July
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Musk’s Tesla enters insurance market with primary motor product
Elon Musk’s electric vehicle company launched the product yesterday in California
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Brazilian broking alliance announced for Integro
The “reciprocal trading relationship” is with Affinité, a Brazilian entertainment and sport insurance broker
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Aon restructures global A&H and life reinsurance into one practice
Roger Smith will chair Aon Reinsurance Solutions’ new accident, health and life reinsurance team
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New property head in Bermuda for Liberty Specialty
Nicholas Garside is promoted to lead LSM’s property insurance in Bermuda
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Analysis
Analytics avenue for unlocking growth for insurers – Swiss Re
Latest Sigma report from Swiss Re focuses on how P&C insurers should use advanced analytics to find profitable growth
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Hong Kong protests highlight airport ground accumulation exposures
There were 69 aircraft worth $6.1bn scheduled to be on the ground at Hong Kong airport on the 16 August 2019, according to Russell Group
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AIG names Purtill new investor relations leader
AIG’s new deputy CFO and head of investor relations joins from rival insurer The Hartford
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California Wildfire Fund appoints Guy Carpenter reinsurance broker
The newly formed CEA California Wildfire Fund is working with reinsurance broker Guy Carpenter
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News Agenda
Reinsurance rates to harden further in 2020 – Fitch
Firm underwriting pricing, strong investment results and low catastrophe claims have given non-life reinsurers’ results a strong first half to 2019
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Insured cat losses fall to $19bn in 2019’s first half – Swiss Re
Insured catastrophe losses for the first half of the year have shrunk to $19bn in 2019 from $26bn last year
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Typhoon Lekima: China’s insured losses to exceed CNY 6bn – AIR
Cat modeller AIR Worldwide has put a CNY 6bn ($0.85bn) estimate on insured losses from Lekima, Asia’s ninth typhoon this year
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News Agenda
Marsh finds rise in W&I claims amid surge in EMEA demand for M&A cover
A sharp rise in warranty and indemnity claims notifications comes as more European firms make greater use of the insurance cover for mergers and acquisitions
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Beazley’s Roscoe to lead ‘smart tracker’ Lloyd’s syndicate
Roscoe joined Beazley from Willis in 2011 as an underwriter in its open market property team
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Commercial insurance pricing up 6% globally – Marsh study
Insurance broker reports commercial lines pricing increased 6% in Q2, marking the seventh consecutive quarter of rising rates globally
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The loss creep goes on, as decline in ILS volume continues into Q2
Willis Re Securities’ report of the ILS market at the year’s halfway point focuses on balance between relationships and a transactional approach to reinsurance
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News Agenda
Future of RSA’s London commercial business “under review”
RSA chief executive Stephen Hester says remaining London commercial business “will stay under careful review”
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News Agenda
New CUO and CEO at Fidelis in Dublin
Simon Crone has been promoted to CUO for Fidelis’ Ireland-based business
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News Agenda
Lloyd’s Lab names 11 new insurtechs for its innovation accelerator
More than 130 applications were received from across the world for the third cohort of the Lloyd’s Lab, according to Lloyd’s