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Updated: 2 hours 34 min ago

Ed obtains Guernsey license; hires Willis Towers Watson exec director

6 September, 2017 - 14:23
Reinsurance, wholesale and specialty broker Ed has been granted a commercial insurance intermediary license by the Guernsey Financial Services Commission.

Munich Re partners with insurtech Drover

6 September, 2017 - 14:22
Digital Partner, a unit of Munich Re, has entered into a partnership with insurtech company Drover to launch a tailor-made product for ride-sharing drivers and fleet owners.

Everest taps AIG excess casualty leader

6 September, 2017 - 14:22
Everest Insurance has appointed Debbie Weiser as the new leader of excess casualty within Everest Specialty Casualty.

Beazley picks Aon exec for regional leadership role in US

6 September, 2017 - 14:22
Specialist insurer Beazley has appointed Andrew Mehrhoff as head of broker relations for its north central region in the US. 

SCOR creates ‘scoring grid’ to make better judgements on environmental factors

6 September, 2017 - 13:41
To encourage what it calls sustainable underwriting, French reinsurer SCOR has created a so-called scoring grid to help insurance and facultative underwriters assess environmental, social, and governance (ESG) practices in sensitive sectors and lines of business.

Hurricane Irma’s insured damage could match Katrina, halt P&C rate declines

6 September, 2017 - 10:54
Irma’s insured damage in Florida could be the largest ever in the US, perhaps equivalent to Hurricane Katrina in 2005 which recorded $50 billion on an inflation-adjusted basis, Barclays analyst Jay Gelb said in a Sept. 5 equity research analyst note.

Tokio Marine picks Luxembourg for EU unit after Brexit

6 September, 2017 - 10:31
Tokio Marine Group has revealed its plan to set up an insurance company in Luxembourg for writing European business after Brexit.

Guy Carpenter names deputy CEO of global specialties

6 September, 2017 - 10:31
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies (MMC), has promoted James Boyce to deputy CEO, global specialties.

BMS launches Iberian operations under ex-Marsh execs in post-Brexit move

6 September, 2017 - 10:31
Specialist re/insurance broker BMS Group has launched a new European venture, BMS Iberia, under former Marsh Spain and Aon executives.

AIG appoints new general counsel following retirement

6 September, 2017 - 10:31
American International Group (AIG) has appointed Lucy Fato as executive vice president and general counsel, responsible for overseeing the company's global legal, compliance, regulatory and government affairs function.

Hamilton Re reshuffles underwriting leadership in optimisation push

6 September, 2017 - 10:31
Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, has revealed a new underwriting leadership structure.

Reinsurers return more capital to shareholders than earned in H1 '17

6 September, 2017 - 10:31
Reinsurers have returned more capital to shareholders in the first half of 2017 than they earned, according to the September Willis Re Reinsurance Market Report.

Partner Re appoints SCOR regional head as CEO of L&H Asia Pacific

6 September, 2017 - 10:30
Partner Re has appointed Jerome Matrundola to the new position of CEO life and health (L&H), Asia Pacific.

AmTrust buys reinsurance cover

6 September, 2017 - 10:30
New York-based AmTrust Financial Services said on Sept. 5 that it entered into a quota share reinsurance contract to reduce exposure to catastrophe and non-catastrophe events related to the business of its subsidiary Republic Companies effective August 1, 2017.

Peak Re mulls IPO in Hong Kong

6 September, 2017 - 10:30
Peak Reinsurance is mulling over a possible flotation in Hong Kong to support the reinsurer’s long-term growth and development, AM Best said in its Sept. 5 Best Week Asia-Pacific edition, citing Fosun International chief financial officer Robin Wang.

Alternative capital growth to further depress reinsurance rates in 2018

5 September, 2017 - 15:24
Reinsurance rates are set to continue to decline in 2018 as growth in alternative forms of reinsurance intensifies the competition for business, Fitch Ratings said on Sept. 5.

Arthur J Gallagher acquires Swedish broker for Scandinavian expansion

5 September, 2017 - 15:08
Insurance brokerage and risk management firm Arthur J Gallagher has acquired Swedish property/casualty (P&C) broker Nordic Försäkring & Riskhantering to expand its footprint and capabilities in Scandinavia.

Maiden Re invests in drone insurtech start-up

5 September, 2017 - 14:39
Maiden Re has participated in the latest fundraising round of Betterview, a software platform and service provider for capturing and analysing data from drones.

Surplus lines carrier post underwriting loss for a second straight year in US

5 September, 2017 - 14:32
The US domestic professional surplus lines (DPSL) insurers posted a combined ratio of 107.8 percent in 2016, its highest in 10 years excluding 2012 which was impacted by Superstorm Sandy, AM Best said in a Sept. 5 report.

Chaucer Dublin sets up new London branch

5 September, 2017 - 10:59
The Dublin-based subsidiary of Chaucer, an insurance group underwriting at Lloyd's, is to establish a branch in London to write a range of international specialty insurance and reinsurance business.

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