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Updated: 2 hours 34 min ago

Reinsurers’ returns just 1.2% above their cost of capital

5 September, 2017 - 10:59
In the first half of 2017, the reinsurance sector generated returns only 1.2 percent above its cost of capital, according to a new report by S&P Global Ratings.

JLT Re poaches Ed’s reinsurance CEO in Asia Pacific

5 September, 2017 - 10:59
Carsten Thienel joins JLT Re in Asia Pacific with over 30 years of industry experience.

TigerRisk hires ILS adviser to UK Chancellor

5 September, 2017 - 10:57
Reinsurance broker TigerRisk Partners has appointed Michael Wade, the Crown Representative for Insurance at the UK Cabinet Office and advisor to the Chancellor of the Exchequer on issues relating to Insurance Linked Securities (ILS).

BPL Global granted brokerage license to operate in Dubai

5 September, 2017 - 10:56
BPL Global, a specialist credit and political risk insurance broker, has been granted a brokerage license by the Dubai Financial Services Authority to conduct insurance intermediation business in Dubai.

Willis Towers Watson hires Accenture MD for insurance consulting

5 September, 2017 - 10:56
Willis Towers Watson has hired the managing director of Accenture to lead the global development of its insurance consulting and technology business.

Zurich UK captive leader moves to XL Catlin for a key role

5 September, 2017 - 10:56
Owen Williams, Zurich Insurance's head of captive services in the UK, has joined XL Catlin as the manager of its newly-established captive centre of excellence.

Aon Benfield teams up with JBA on UK flood risk modelling

5 September, 2017 - 10:56
Aon Benfield has formed a partnership with flood modelling specialist JBA to make its probabilistic flood model available on its Elements platform, run by its cat modelling unit Impact Forecasting.

IAG seeks new non-exec following retirement

5 September, 2017 - 10:36
Australian insurer IAG's non-executive director Alison Deans is set to retire from the company’s board following the annual general meeting on 20 October 2017.

Liberty hires AIG underwriter for new European role

4 September, 2017 - 14:43
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Marnix de Kievit to the newly-created role of senior underwriter professional indemnity for the Netherlands.

Hurricane Irma may hit the US

4 September, 2017 - 14:41
Currently a category 3 hurricane, Irma is increasingly likely to make landfall in the US, according to research by broker JLT Re.

Reinsurance sector profitability to decline in 2017

4 September, 2017 - 14:41
The profitability of the reinsurance industry is set to fall in 2017 due to low prices and Hurricane Harvey, Moody’s said in a Sept. 4 report.

Starr appoints chief underwriting officer for liabilities group

4 September, 2017 - 14:41
Insurance firm Starr Companies has appointed Nick Lawrence as chief underwriting officer for the liabilities group.

NFIP receives more than 67,000 claims for Harvey

4 September, 2017 - 13:42
The National Flood Insurance Program (NFIP) has received more than 67,000 claims related to Hurricane Harvey as of Sept. 3, 2017.

Aon boosts investment arm with $475m Townsend acquisition

4 September, 2017 - 11:15
Broker Aon is to acquire US-based real estate and investment management firm Townsend Group, majority owned by Colony NorthStar, for $475 million.

Hurricane Harvey top three loss event for NFIP

4 September, 2017 - 10:38
Hurricane Harvey will be a top three loss event for the National Flood Insurance Program (NFIP), according to analysis by risk modelling firm RMS.

Chubb bolsters cyber practice with new hires in Asia Pacific

4 September, 2017 - 10:28
Insurer Chubb has made two appointments for its regional cyber team in Asia Pacific.

Randall & Quilter benefits from simpler business model in H1

4 September, 2017 - 10:28
Randall & Quilter, the specialist non-life legacy insurance investor, posted a strong set of results for the first six months of 2017 as it benefitted from a robust pipeline of legacy business and the impact of simplifying the business, which has included some disposals.

JLT Re boosts London Markets unit with Willis Re hire

4 September, 2017 - 10:28
JLT Re has poached a senior broker from Willis Re to join its London and International Markets (LIM) division.

Compre acquires run-off portfolio from AXA Insurance

4 September, 2017 - 10:28
Re/insurance legacy specialist Compre has provided a legacy solution to a portfolio of AXA Insurance, a unit based in Switzerland that was formerly called Winterthur Swiss Insurance Company.

Charles Taylor snaps up third party claims administrator in US

4 September, 2017 - 10:28
Charles Taylor Group has acquired Southern California third party claims administrator Metro Risk Management (MRM) from Nautilus International Holding Corporation.

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