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Updated: 2 hours 30 min ago

Brit Re gets rating boost from AM Best; mulls reinsurance expansion in 2020

19 September, 2019 - 11:03
Ratings agency AM Best has assigned a financial strength rating of A (Excellent) with a ‘stable’ outlook to Brit Reinsurance (Bermuda), a wholly-owned subsidiary of specialty re/insurer Brit, reflecting a "very strong" balance sheet.

Accounting standard IFRS 17 highlights how low interest rates hurt insurers: S&P

19 September, 2019 - 10:52
Accounting standard IFRS 17 is more realistic and consistent than the standard it replaces, IFRS 4, and will show how lower interest rates are hurting insurers.

Generali launches new specialty insurance division in the US

19 September, 2019 - 10:45
The US arm of Italian insurer Generali Group has launched a new specialty insurance division focused on warranty services and solutions.

AXA LM builds run-off position with Munich Re Malaysia deal

19 September, 2019 - 10:40
AXA Liabilities Managers (AXA LM), the non-life re/insurance legacy firm, has acquired the non-life legacy portfolio of Munich Re Malaysia. The portfolio transfer will become effective on October 1, 2019.

Berkshire's BHSI expands France leadership with AIG, AXA XL hires

19 September, 2019 - 10:28
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its leadership team in France with the appointment of Katell Pouliquen as head of claims, Louis du Ché as head of property, and Ludovic Ruiller as head of environmental.

IGI to highlight workplace harassment at Dive In diversity event in Jordan

19 September, 2019 - 10:17
International General Insurance (IGI) is to focus on workplace harassment as it hosts the Dive In festival in Jordan later this month.

Markel taps Hamilton's Brenton Slade to build new ILS fund Lodgepine

19 September, 2019 - 10:08
Markel Corporation has hired Hamilton's Brenton Slade as president of Lodgepine Capital Management, its new retrocessional insurance linked securities (ILS) fund based in Bermuda.

Ascent hires MS Amlin's Paul Western as CUO post Cove merger

19 September, 2019 - 09:44
London-based cyber and specialty lines managing general agent Ascent Underwriting and Cove Programs, a US construction-focused MGA, has appointed Paul Western as group chief underwriting officer (CUO).

Coverys Managing Agency, which looks after Lloyd's syndicates 1975, 1991 and 3330, appoints David Hipkin as a non-executive director

19 September, 2019 - 09:35
Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991 and 3330, has appointed David Hipkin as a non-executive director.

BMS rings changes in US reinsurance actuarial and analytics team

18 September, 2019 - 15:50
BMS has announced the retirement of chief actuary Dave Spiegler, as it makes changes to its US reinsurance actuarial and analytics team.

Paul Houska joins reinsurance broker Holborn as senior VP; firm seeks US midwest growth

18 September, 2019 - 15:47
US reinsurance broker Holborn Corporation has appointed Paul Hoska as senior vice president, based in Kansas, as it seeks to grow further in the midwest region.

Firms ‘struggle’ to build strong cybersecurity culture’ as leaders spend less than a day a year on cyber risk, finds Marsh

18 September, 2019 - 15:40
A majority of board members and senior executives with responsibility for their organisation’s cyber risk management spent “less than a day in the last year” focusing on cyber risk issues, according to a survey from insurance broker Marsh and tech company Microsoft.

Operational risks such as pricing are top concerns for Lloyd’s CROs, finds LMA survey

18 September, 2019 - 11:28
Pricing, cost reduction and other “bread and butter” issues are the top concerns for chief risk officers (CROs) within Lloyd’s managing agencies.

Bahrain’s Trust Re hires new executive management talent to boost corporate governance; forms committee

18 September, 2019 - 11:23
Reinsurance firm Trust Re, headquartered in the Kingdom of Bahrain, has strengthened its executive management team with new appointments and formed a new executive committee.

Willis Research Network, set up by Willis Re, partners with Mitiga Solutions on air traffic forecasting

18 September, 2019 - 11:04
The Willis Research Network (WRN) is partnering with Mitiga Solutions to enable airlines and airports to better manage the impact of natural hazards to air traffic management and aviation operations.

Gallagher hires Steve Wilkinson to lead claims at aerospace practice

18 September, 2019 - 10:58
Gallagher has hired prominent aviation market veteran Steve Wilkinson as head of claims at its global aerospace practice.

Lloyd’s appoints David Sansom as chief risk officer; Annette Andrews, chief people officer leaves the market

18 September, 2019 - 10:45
David Sansom has been appointed chief risk officer at Lloyd’s, as the market also confirmed the departure of Annette Andrews, its chief people officer.

Lloyd’s Neal reveals £2.3bn profit in H1 2019 but says ‘brave choices’ ahead

18 September, 2019 - 10:44
Lloyd’s of London has posted a £2.3 billion profit before tax for the first six months of 2019, prompting CEO John Neal to emphasise the importance of “maintaining momentum” and the need for ‘brave choices’ in the future.

Frederick Mutual signs up for Betterview property analytics for policy lifecycle

18 September, 2019 - 09:08
US insurer Frederick Mutual has signed up for Betterview's property analytics, saying it gives them a better understanding of risk.

Marine insurance market 'chaotic' as future remains uncertain, says IUMI

17 September, 2019 - 15:58
The ongoing global uncertainties, including the current trade tensions, will continue to impact all marine lines of business, specifically cargo and offshore energy, predicts the International Union of Marine Insurance (IUMI), which represents 43 marine market insurance and reinsurance associations globally.

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