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Insurance
The CEO of Heritage Insurance Holdings has boasted that the insurer cut its catastrophe reinsurance costs by 8.3 percent while improving terms and conditions in the placement of its 2017-2018 reinsurance programmes, which includes a mixture of traditional coverage, collateralised reinsurance and catastrophe bonds. 6 June 2017
Insurance
Re/insurer QBE will establish a new subsidiary in Brussels, Belgium, to preserve its ability to operate across the European Union in the event of a loss of 'passporting' rights when the UK leaves the EU. 6 June 2017
Insurance
Reinsurance, wholesale and specialty broker Ed has appointed Ian Wicks as chairman of non-marine reinsurance. 6 June 2017
Insurance
Specialist commercial insurer CNA Hardy will form a new European subsidiary in Luxembourg after Brexit, and appoint a local management team to oversee its risk, finance and compliance functions. 6 June 2017
Insurance
Re/insurer XL Catlin has launched a new real estate environmental protection (REEP) solution in Asia Pacific. 6 June 2017
Insurance
Asta, the Lloyd’s third party managing agent and specialist MGA investor, has announced that Dubai-based Arma Underwriting has received full approval from all regulators and commenced operations in May. 6 June 2017
Insurance
The insured property market losses from extratropical cyclone Zeus, which primarily affected France on 6 and 7 March 2017, has reached €269 million, according to PERILS, a catastrophe insurance data provider. 6 June 2017
Insurance
Insurers exposed to UK liability business face big hikes in their reinsurance pricing and continued uncertainty as a result of recent changes made to the personal injury discount rate in the UK despite many having already reported sizable one-off reserve charges in recent result, according to AM Best. 5 June 2017
Insurance
The Association of British Insurers (ABI) has become embroiled in a row with British Airways (BA) over who should foot what could be a hefty bill relating to compensation resulting from the airline’s recent computer systems outage, which affected 75,000 passengers. 5 June 2017
Insurance
UK General, a specialist personal lines managing general agent (MGA), has appointed John Spencer as non-executive chair. 5 June 2017
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