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Global insurance run-off market at $730bn in 2017

17 January, 2018 - 12:50
The value of the global non-life discontinued insurance business exceeded $700 billion in 2017, according to research from PwC.

Reshuffle at Aviva as Canada CEO steps down

17 January, 2018 - 12:50
Insurer Aviva has appointed Colm Holmes, currently CEO of UK general insurance, as new chief executive of its Canadian business.

New UK P2P blockchain insurer raises £15m

17 January, 2018 - 12:49
InsurePal, a new peer-to-peer insurer raised £15 million ($18 million) in an Initial Coin Offering (ICO) to fund its UK motor launch in the first half of 2018.

JLT Specialty appoints casualty head North America from Marsh

17 January, 2018 - 12:49
JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group, has appointed Paul Woodward as head of North American casualty.

California wildfires force insurers to adapt

17 January, 2018 - 11:12
Wildfires in Northern California and in Southern California caused record-breaking insured losses in 2017, impacting re/insurers’ profitability and requiring changes in underwriting and the underlying risk models.

New regulation to keep London insurers busy in 2018

17 January, 2018 - 10:06
Regulatory developments dominate priorities identified for the London company insurance market in 2018 by the International Underwriting Association (IUA).

Beazley upbeat on 2017 results

17 January, 2018 - 09:40
Specialist Lloyd’s insurer Beazley has prepared the market for better than expected 2017 financial results.

AmWINS names new CEO following transition

17 January, 2018 - 09:17
US-based global insurance broker AmWINS Group has promoted Scott Purviance to succeed Steven DeCarlo as the company’s CEO, effective May 1, 2018.

California unveils stronger laws for wildfire claims

17 January, 2018 - 09:17
The California insurance commissioner and legislators unveiled eight bills (six of which have already been introduced) and two additional legislative proposals designed to strengthen consumer protections for wildfire survivors.

Deutsche Rück boss quits; hunt starts for successor

2 January, 2018 - 11:51
Arno Junke, the chief executive of Deutsche Rück and the Association of German Public Insurers (VöV), has left both positions as of December 31, 2017.

US insurers must be nimble to tackle tax reforms

2 January, 2018 - 11:50
US insurers will need to be nimble if they are to maximise the potential benefits – and overcome potential pitfalls – stemming from US tax reforms, according to S&P Global Ratings, in a new report called ‘US Tax Reform: A Mixed Bag Of Goods For Life, Health, and P/C Re/Insurers.’

Allianz and Liverpool Victoria push ahead with JV

2 January, 2018 - 11:49
Allianz Group and Liverpool Victoria Friendly Society (LV=) have completed the first stage in the creation of their joint venture and strategic partnership through the planned sale of 49 percent stake in LV=’s UK General Insurance businesses (LV=GI) to Allianz Group.

Ed poaches new marine boss from Aon

2 January, 2018 - 11:48
Broker Ed has poached a senior marine expert from Aon Risk Solutions to head up its marine unit.

Starr hires former ambassador into its Philippines unit

2 January, 2018 - 11:47
Starr Companies has appointed Jose Cuisia as chairman of Starr International Insurance Philippines branch, a branch of Starr International Insurance (Asia), a company established and licensed to write general insurance in Hong Kong.

UK temporary insurance platform completes MBO

2 January, 2018 - 11:46
Tempcover, a UK-based online temporary insurance platform, has completed a £13.3 million management buy-out (MBO) backed by £7.5 million from Connection Capital, the specialist private client investment business alongside a £5.75 million debt package from Santander.

Pioneer launches ocean marine division

2 January, 2018 - 11:45
Pioneer Underwriters has launched a new ocean marine underwriting capability with the appointment of Zach McAbee as head of the new unit.

Patria Re appoints director in London

2 January, 2018 - 11:44
Adrian Brian has been named director of Patria Re Marketing Services, a wholly owned subsidiary of Patria Re, based in London.

Reinsurers expect profitability to rise in 2018

2 January, 2018 - 08:00
Reinsurance rates are poised to improve in 2018 as a result of the significant 2017 catastrophe events, particularly on US property catastrophe lines and in the retrocessional market – that is according to many of the executives who we interviewed for our year-end questionnaire.

GDPR to drive cyber business in 2018

2 January, 2018 - 08:00
The implementation of the General Data Protection Regulation (GDPR) across the EU in May is expected to have a major impact on the re/insurance market, according to many of the executives who we interviewed for our year-end questionnaire.

Brexit will dominate 2018

2 January, 2018 - 08:00
While the UK last-minute deal with the EU in a bid to move Brexit talks on to the next phase, the topic is likely to dominate the year of 2018, according to many of the executives who we interviewed for our year-end questionnaire.


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