Articles

Insurance

Flood Re freezes premiums for insurers

The UK’s flood insurance scheme Flood Re will not pass on to insurers the annual increase in premium thresholds for the first time.   28 March 2018

Insurance

Cyclone Debbie insured losses rise to A$1.74bn

Insured losses across Queensland and New South Wales from tropical cyclone Debbie have reached A$1.74 billion ($1.33bn), according to the final estimate released by PERILS.   28 March 2018

Insurance

Berkshire expands in Australia P&C insurance with Chubb execs

Berkshire Hathaway Specialty Insurance (BHSI) has opened a new office in Perth to further expand its presence in Australia while appointing new property and casualty lines leaders.   26 March 2018

Insurance

Aon Benfield’s marine MD Connolly retires

The managing director of Aon Benfield’s marine practice John Connolly is stepping down to retire after decades with the broker.   26 March 2018

Insurance

Legacy acquirer DARAG partners with New Nordic

European run-off specialist DARAG has formed a strategic partnership with London-based asset manager New Nordic Advisors that will see the two companies join forces in a number of project areas including the provision of legacy, active business and restructuring solutions.   26 March 2018

Insurance

UK regulator proposes professional indemnity insurance change

The UK’s Solicitors Regulation Authority (SRA) is proposing to remove the current “one-size-fits-all” rules on professional indemnity insurance (PII), enabling firms “to take out cover that better reflects the work they do.”   26 March 2018

Alternative Risk Transfer

Artex poaches Aon's Mullen to re-join as CEO

Artex, an alternative risk management subsidiary of Arthur J Gallagher, has hired Peter Mullen to re-join the company after seven years as CEO-elect.   26 March 2018

Insurance

Insurtech startup Equipsme gets ex-Dual exec Kilpatrick's backing

Russell Kilpatrick, the former director and founding executive chairman of Dual Corporate Risks, has invested in insurtech startup Equipsme.   26 March 2018

Insurance

HDI to expand abroad despite 2017 nat cat hit

HDI Global, the industrial insurer of the Talanx group, wants to expand outside its home base Germany despite a significant drop in profits in 2017 due to natural catastrophes.   26 March 2018

Insurance

US extends flood programme NFIP until July

The US congress has passed a short-term extension to the National Flood Insurance Program (NFIP) until July 31.   26 March 2018

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