Articles
News
Increasing claims severity, social inflation and instances of adverse reserve development are now hurting carriers and point to a market in transition, according to a new report by JLT Re called ‘Uncharted Territory at its Market Prospective Event’. 25 January 2019
News
Qatar Re is seeking a new chief executive after Gunther Saacke revealed he will step down from the role at the company’s next board meeting, scheduled for March, and leave the company later this year. 25 January 2019
Insurance
Ryan Specialty Group is to acquire Boston Insurance Specialists (BIS), an independently owned wholesale insurance brokerage with offices in Mansfield and Westfield, Massachusetts. 25 January 2019
Insurance
MarketScout, the electronic insurance exchange and specialty managing general agent (MGA) in the US, has launched a new MGA facility specifically designed to offer additional capacity to cover wildfire risk. 25 January 2019
Insurance
Aon's Reinsurance Solutions has appointed Colin Dutkiewicz to a newly created role, global head of life. 24 January 2019
Insurance
International General Insurance Holdings (IGI), the international specialist commercial insurer and reinsurer, has appointed Nick Garrity as chief executive of its Labuan Branch. He will be based in the Kuala Lumpur office. 24 January 2019
Insurance
Allianz has unveiled plans to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group. 24 January 2019
Insurance
Specialty insurance group Newline Group, which operates through Newline Syndicate 1218 at Lloyd’s and Newline Insurance Company, has appointed Markus Schäfer as senior underwriter, general liability, at Newline Insurance Company in Cologne. 24 January 2019
News
Nordic insurance group Gjensidige has hired Aleksander Hope, an ILS expert who has worked at AXIS Capital and private bank LGT, as a director in the reinsurance team. He will be based in Oslo, Norway. 24 January 2019
Insurance
Changes the International Accounting Standards Board (IASB) could make to IFRS 17 Insurance Contracts could help ensure reinsurance remains attractive as a risk mitigation tool and avoid unintended consequences such as raising barriers for new entrants, it has been claimed. 24 January 2019
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