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Insurance
Cedants are becoming increasingly sensitive to reinsurers competing with them on primary business, and new fintech insurers in particular prefer partners with no such conflicts, Michael Pickel, member of the executive board at Hannover Re with responsibility for reinsurance in property & casualty target markets including North America and Continental Europe, told Baden-Baden Today. 25 October 2016
Insurance
AXIS Insurance, a subsidiary of AXIS Capital, has appointed Tracy Harrington Cloud as senior vice president, international distribution and broker management. 21 October 2016
Insurance
American International Group has entered into several agreements with property and casualty with re/insurer Fairfax Financial Holdings, to sell to it its local commercial and consumer insurance operations in Argentina, Chile, Colombia, Uruguay, Venezuela, and Turkey. 19 October 2016
Insurance
Specialist insurer Markel International has appointed Chris O’Shea as head of reinsurance claims. 10 October 2016
Insurance
In the current challenging soft market and low interest rate environment, large re/insurance companies are in an advantageous position as they can better absorb the pressure and find alternative income sources. Search for scale is therefore likely to drive M&A activity in the coming years, Intelligent Insurer reports. 6 October 2016
Insurance
The Civil Aviation Safety Authority (CASA) has relaxed its regulations surrounding drones – or remotely piloted aircraft (RPA) – meaning Australian businesses could face millions of dollars in costs for property damage and injury, according to QBE. 29 September 2016
Insurance
QBE Insurance Group has appointed Markus Nordlin as global chief information officer, based in New York. 29 September 2016
Insurance
QBE has appointed Marcelo Teixeira to a dual role as the global head of bancassurance for QBE Insurance Group and the head of strategic development for the emerging markets division. 19 September 2016
Insurance
Litmus Analysis has hired Tom Gleis, a former managing director with Guy Carpenter, as head of market development. 11 September 2016
Insurance
The Reinsurance Association of America (RAA) has reported an increase in the gross written premiums of the biggest reinsurers in the US on an aggregate basis in the second quarter of 2016 but their profits dropped in the period compared with the same period a year earlier. 24 August 2016
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