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Insurance
Bermuda-based insurer Ironshore has promoted Thomas Duggan as chief claims officer of its environmental unit, overseeing specialty market claims management and processes throughout its global platform. 6 April 2017
Insurance
The Insurance Council of Australia (ICA) has estimated the insured losses from Tropical Cyclone Debbie at A$410 million ($309.2 million) as of April 6, 9:00 AM local time. 6 April 2017
Insurance
Lloyd’s of London has appointed new members to the Council of Lloyd’s and the market’s franchise board. 6 April 2017
Insurance
A radiological ‘dirty bomb’ poses a major threat to the West due the accessibility of materials needed to craft it, as well as its potential multibillion-dollar economic impact, according to specialists from both UK mutual reinsurer Pool Re and Washington-based Nuclear Threat Initiative (NTI). 6 April 2017
Insurance
Insurance lobby groups have expressed their disapproval of EIOPA’s new Ultimate Forward Rate (UFR) methodology will be applied for the first time in the calculation of the risk-free interest rates of January 2018. 6 April 2017
Insurance
US-based commercial insurance provider CNA has appointed Caroline King as senior vice president of business strategy, technology and operations. 4 April 2017
Insurance
Lloyd’s fined Amlin Underwriting Limited (AUL) £630,000 for breaches of the Lloyd’s Premium Trust Deed (PTD) and for failings in its response to those breaches. 3 April 2017
Insurance
Bahrein-based re/insurer Trust Re said its profits fell to $18.8 million in 2016 from $30.8 million a year ago, driven by lower investment income. 3 April 2017
Insurance
Property/casualty insurer Chubb has appointed Tim Stapleton and Helen Troman as the heads of its information technology industry practice for overseas general insurance, effective immediately. 3 April 2017
Insurance
Bermuda-based AXIS Capital Holdings has appointed Rhonda Lohmar as vice president, US programmes, for the property/casualty (P&C) team. 3 April 2017
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