News – Page 160
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News AgendaMarsh reveals drivers for changing UK D&O landscape
Rising claims are showing no sign of tailing off in a soft market
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News AgendaFitch bullish on Spanish market
Ratings firm praises maintained strong profitability and continued growth for Spain’s non-life insurers
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News AgendaGallagher to buy Capsicum outright
Capsicum Re has provided an update on Gallagher acquisition discussions
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News AgendaMS Amlin CEO and CUO to step down amid new operating model senior leadership team plans
The reorganisation marks a further step towards its 2023 transformation plan, the London market re/insurer said
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News AgendaNegative outlook from Fitch on UK non-life market
High claims inflation and a weak pricing environment for home and motor insurance in the UK non-life market were cited by Fitch for a negative outlook in 2020
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News AgendaFroehlich joins Aspen Insurance UK as new chairman
New chairman at Aspen’s UK insurance arm is a former performance management director at Lloyd’s
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News AgendaIntegro CEO Behrends steps down
Andrew Behrends, chief executive of Integro Group, is stepping down at the end of the year, just two months after announcing a deal to buy rival broker RFIB
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News AgendaBarrett to lead multinational general insurance at AIG
Allison Barrett joins AIG in New York from broker Willis Towers Watson
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News AgendaOkumura appointed CEO of Sompo International
Mikio Okumura will report to John Charman at the Bermuda reinsurer
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AnalysisAon cyber risk analysis compares California’s CCPA with GDPR, plus New York’s SHIELD
Data protection legislation in California and New York adds to existing cyber risk rules
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News AgendaMoody’s cuts European insurers’ outlook to negative
Interest rates will stay lower for longer and rises in P&C pricing are being met by claims inflation
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News AgendaPraedicat launches first named peril casualty product through Lloyd’s Lab
LA-based insurtech launches Lloyd’s Lab-developed product designed for industrial and chemical product risks typically excluded or in standard covers
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News AgendaAGCS appoints Williams financial lines leader
New Munich-based global financial lines appointment Allianz Global Corporate & Specialty
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News AgendaTwo senior Bermuda appointments join Guy Carpenter from Aon
Reinsurance broker announced several senior appointments in Bermuda
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News AgendaEight consecutive quarters of rising primary pricing – Marsh
Commercial lines insurance pricing was 8% up in the third quarter globally, according to Marsh
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News AgendaRoles blur in London market under pressure – AM Best
Unsustainable costs and an evolving distribution chain are forcing London market insurers into new operating models, according to a report from rating agency AM Best
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News AgendaEd Bermuda appoints Turner chairman
John Turner joins re/insurance broker Ed Bermuda from his previous chairman role for Aon’s commercial risk solutions UK and Americas business
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News AgendaResilience focus amid worsening global macro conditions – Swiss Re
Chief economist briefing emphased the ‘R’ word(s): trade war is risk number one; recession in the US 35% likely; and resilience in the global economy is worse than before the financial crisis
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News AgendaArgo announces Watson to retire; Rehnberg steps in as interim CEO
Long-time CEO Mark Watson will continue to work as an adviser and board member until 30 December
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News AgendaAviation risks, claims on the rise - AGCS study warns
Safer skies have not reduced the overall risks being taken by aviation insurers
