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Lloyd’s chair Carnegie-Brown warns against ‘Kodak moment’
Insurance
Lloyd’s chair Carnegie-Brown warns against ‘Kodak moment’
In his first speech as Lloyd’s new chairman, Bruce Carnegie-Brown said the insurance industry must do more to change and innovate or run the risk of being disrupted by external players.   16 June 2017
Insurance
Chubb opens new UK office, hires from AIG and Pen Underwriting
Property/casualty insurer Chubb has opened a new office in Reading, Berkshire, and made two key appointments to expand its local presence across the UK and Ireland.   16 June 2017
Insurance
$403m cat losses hit Allstate in May
US personal lines insurer Allstate Corporation said June 15 that it estimates catastrophe losses for the month of May 2017 at pre-tax $403 million and $262 million after-tax, driven by a severe hail event in Colorado.   16 June 2017
Insurance
BDA adds Bermuda Stock Exchange CEO to board
The Bermuda Business Development Agency (BDA) has appointed Greg Wojciechowski to its board of directors.   16 June 2017
Insurance
Ogden rate change costs insurance industry £3.5bn
The overall cost to insurers and reinsurers of the UK’s change in the personal injury Ogden discount rate is estimated at £3.5 billion across all lines of business, according to advisory firm EY.   16 June 2017
Insurance
Insurers prepare for personal cyber insurance demand
Insurers are preparing for a surge in demand for cyber cover in personal lines as the awareness of the risk grows in the population and cybercrime cases jump.   16 June 2017
Insurance
MetLife reshuffles senior leadership in US
US life insurer MetLife has announced a series of changes to its senior leadership ranks, effective from July.   16 June 2017
Insurance
Brown & Brown announces senior leader appointment
Independent insurance intermediary Brown & Brown has appointed Vaughn Stoll to senior leadership team.   16 June 2017
Insurance
AmTrust reinstates Pipoly after replacing him as chief financial officer
New York-based property/casualty holding company AmTrust Financial Services has amended and restated the employment contract of Ronald Pipoly, its former chief financial officer (CFO) and current executive vice president – finance.   15 June 2017
Insurance
Corporates must review D&O cover earlier – and take it seriously
Executives should review their directors’ & officers’ (D&O) coverage and its triggers earlier if they suspect something is going wrong in a company and they know it’s just a matter of time before a regulator gets involved.   15 June 2017

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