News – Page 158
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Online onlyEverest Re Group names Don Mango Chief Risk Officer and Chief Actuary
Mango will report to Everest Re Group President and CEO Juan C. Andrade
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Online onlyInsurers expected to be resilient through pandemic, global recession
Negative impacts from the coronavirus outbreak are expected to hit the U.S. in the second and third quarters, but the economy should recover going into 2021. Insurers are expected to be resilient in the face of a downturn especially because, in part, there were not as many ...
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Online onlyIGI Receives Provisional NAIC Approval to Write U.S. E&S Business
Effective April 1, 2020
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Online onlyIRDAI proposes ‘ease of doing business’ for global reinsurers
A committee of the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to put in place a system in place which would help foreign reinsurance company branches, reinsurers and Lloyd’s India in carrying out their operations seamlessly.
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Online onlyLiberty Mutual Re appoints Dan Carroll as Senior Underwriter ( Aviation Treaty Reinsurance)
Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has appointed Dan Carroll to the role of Senior Underwriter (Aviation Treaty Reinsurance). Dan is based in London and reports to Hans Towler, Head of Aviation. He is responsible for underwriting, along with assisting with portfolio management/optimisation, new business ...
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Online onlyAM Best Downgrades Credit Ratings of Qatar General Insurance & Reinsurance Company QPSC
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Qatar General Insurance & Reinsurance Company QPSC (QGIRC) (Qatar). The outlook of the FSR has been revised to stable from negative, whilst ...
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Online onlyPerils discloses final loss estimate for Extratropical Cyclone Dragi-Eberhard of Eur 782m
PERILS, the independent Zurich-based organisation providing industry-wide catastrophe insurance data, has disclosed its fourth and final loss estimate for Extratropical Cyclone “Dragi-Eberhard”. The event affected the British Isles, and Western and Central Europe on 9 and 10 March 2019 and was the largest windstorm of the 2018/2019 European extratropical cyclone ...
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Online onlyLMA publishes policy wordings to protect renewals if Covid-19 makes Lloyd’s inaccessible
The association feels it is ‘prudent to ensure Lloyd’s customers are not left without coverage’
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Online onlyLloyd’s to shut underwriting room to test coronavirus contingency plan
The underwriting room and other public areas will also get a deep clean
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NewsSwiss Re announces a strategic alliance with Microsoft
Swiss Re to create a Digital Market Center using Microsoft’s data analytics and artificial intelligence capabilities to transform how risks are predicted, managed and insured
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Online onlyAnalysis: High profile data breaches pushes cyber up the agenda
Boots takes action after card security breach
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Online onlyAon snaps up Willis in mega $80bn deal
Aon chief executive Greg Case believes combined firms will boost solutions for customers
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Online onlyGuy Carpenter partners with Charles Taylor InsureTech on future proofing proposition
It will mean greater operational efficiencies and cost savings for Guy Carpenter
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News AgendaFitch Ratings: Indonesia's Takaful Sector Backed by Economic Developments
Premium growth in Indonesia’s sharia insurance business will be sustained by the country’s economic development, with government support as a key driver, Fitch Ratings says.Amendment of a 2018 foreign-shareholding rule in January 2020 will make it easier for insurers to carry out a mandated spin-off of their sharia units by ...
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News AgendaEd Broking appoints London-based divisional directors
The two new starters have a combined 19 years of industry experience
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News AgendaAIG hires Lloyd’s veteran Jon Hancock in senior role
He also spent 26 years at RSA in an array of senior roles including managing director UK in commercial lines
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News AgendaMarsh appoints Garrett Hanrahan as Global Head of Aviation, Marsh JLT Specialty
Marsh, the world’s leading insurance broker and risk adviser, today announced the appointment of Garrett Hanrahan as Global Head of Aviation, Marsh JLT Specialty. Effective from 15 April this year, Mr. Hanrahan will succeed Simon Harker who is retiring after 44 years in the industry.
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News AgendaAct now to reduce coronavirus impact, Marsh warns firms
Advice comes admid fears that the outbreak will soon be declared a pandemic
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News AgendaSwiss Re takes further steps towards net-zero emissions
Swiss Re implements new guidelines on the oil and gas industry and excludes support for the most carbon-intensive companies
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News AgendaThomas A. Bradley to Serve as Argo Group Chairman
Argo Group announced the appointment of Thomas A. Bradley to serve as chairman of the board of directors upon the retirement of current board chairman Gary V. Woods, whose term concludes following Argo’s Annual General Meeting to be held on April 16, 2020.
