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Insurance
UK-based Allianz Insurance, part of the Allianz Group, has appointed Bob Dawson to the position of claims major loss manager. 13 April 2017
Insurance
Zurich Insurance Group has completed the acquisition of Australian travel insurer Cover-More Group in a A$741 million ($565 million) deal that expands its travel portfolio and positions Zurich as a top three global travel insurance provider. 13 April 2017
News
Bermuda-based RenaissanceRe Holdings (RenRe) has estimated that the pre-tax impact of the Ogden rate change on its carried reserves is approximately $30 million, and will be recognised in the first quarter of 2017. 13 April 2017
Insurance
Mutual insurer London Victoria (LV=) recorded an 81 percent fall in operating profit for 2016 due to the UK's personal injury Ogden discount rate change. 13 April 2017
Insurance
Markel Corporation has appointed Glenn Mozingo to the newly-created role of managing director, global insurance business development and corporate account executive. 13 April 2017
Insurance
The Lloyd’s Market Association (LMA) has urged the UK government to rethink the consequences of the ‘Vnuk’ judgement, a European Court of Justice decision that broadened the scope of compulsory motor insurance. 13 April 2017
Insurance
Ratings agency AM Best has downgraded the Financial Strength Rating (FSR) of MS Amlin Underwriting managed Lloyd’s Syndicate 2001 due to what it describes as deteriorating technical performance. 13 April 2017
News
AXIS Re, a subsidiary of Bermuda-based AXIS Capital Holdings, has appointed Michael Leahey as vice president and deputy head of catastrophe underwriting for Europe, Middle East and North Africa (MENA), and Israel to further expand its business in these regions. 12 April 2017
Insurance
The insured property losses caused by extra-tropical cyclone Egon have reached €234 million in a revised estimate by PERILS, the Zurich-based catastrophe insurance data provider. 12 April 2017
Insurance
Zurich-based catastrophe insurance data provider PERILS has estimated the initial insured property market loss from extra-tropical cyclone Thomas at €213 million. 6 April 2017
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