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Insurance

Chubb launches major accounts division in Asia Pacific; appoints head

Property/casualty insurer Chubb has established a major accounts division in the Asia Pacific region to be headed by Doug White, who is currently the country president of Hong Kong, Taiwan & Macau.   22 August 2018

News

US reinsurers boost H1 premium, improve combined ratio

A group of 18 US property/casualty reinsurers wrote $30.1 billion of net premiums during the six-months ended June 30, 2018, compared to $22.5 billion for the same period in 2017, according to data released by the Reinsurance Association of America (RAA).   22 August 2018

Insurance

LIIBA warns on missing Brexit equivalence regime for brokers

London & International Insurance Brokers’ Association (LIIBA) chairman Roy White has written to the UK’s prime minister Theresa May to drive attention to the fact that insurance intermediates do not have an equivalence framework in place to allow for business continuity after the UK leaves the EU.   22 August 2018

Insurance

Joint Hull Committee appoints AXA's Newton as new chairman

London-based Joint Hull Committee (JHC) has appointed Paul Newton as its new chairman, succeeding Peter Townsend, who stepped down in June.   22 August 2018

Insurance

Chubb overtakes AIG in US cyber insurance ranking

Chubb has surpassed American International Group (AIG) to become the largest cyber underwriter in the US, according to data by AM Best.   21 August 2018

Insurance

Chinese insurtech ZhongAn gets SoftBank backing to go international

ZhongAn International, a subsidiary of China's first internet-based insurer ZhongAn Online P&C Insurance, has received a strategic investment from the Japanese investor SoftBank Vision Fund.   21 August 2018

Insurance

AFL replaces CFO with Towergate hire in growth move

Independent Lloyd’s broker AFL Insurance Brokers has replaced its current chief financial officer (CFO) Keely Dalfen with a new hire from Towergate.   21 August 2018

Insurance

Cincinnati insurance chief to step down; prompts leadership reshuffle

Jacob Scherer, Jr., chief insurance officer and executive vice president of property/casualty insurance group The Cincinnati Insurance Company, is to retire in August 2019.   21 August 2018

Insurance

XL Catlin appoints North America global risk leader from AIG

Re/insurer XL Catlin has appointed Chris Kopser to lead its global risk management insurance North America division as president.   21 August 2018

Insurance

Cyber stress test reveals potential insured losses

A modeled single-event cyber catastrophe would generate “meaningful to significant” gross losses for three of the top 20 cyber insurance providers, ranging from 15 percent to 119 percent of these companies’ estimated 2022 policyholder surplus under a stress-test scenario, according to AM Best.   21 August 2018

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