Articles

Insurance

AIR Worldwide pegs typhoon Faxai insured losses between $3bn and $7bn

Catastrophe risk modelling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between JPY 340 billion ($3 billion) and JPY 740 billion ($7 billion).   16 September 2019

Insurance

RSA appoints new CEOs of Ireland and Scandinavia

RSA Insurance Group has appointed Kevin Thompson as the new chief executive of its Irish business, RSA Ireland, replacing Ken Norgrove who is moving to the role of CEO of Codan/Trygg-Hansa, the company's Scandinavian business.   16 September 2019

Insurance

DXC Technology appoints new chief executive officer to lead next phase of growth

DXC Technology, a London insurance market service provider, has appointed Mike Salvino as its new president and chief executive officer (CEO).   16 September 2019

Insurance

Neon group CEO Martin Reith steps down, hands reins to Theo Butt

The group chief executive officer (CEO) of specialist Lloyd's insurer Neon, Martin Reith, is stepping down from his executive roles on September 30. He will remain a member of the Neon Underwriting (NUL) board of directors.   16 September 2019

Insurance

JBA launches new 'probabilistic' global flood model to tackle coverage gaps

Flood risk modeller JBA Risk Management has launched an innovative probabilistic global flood model, which will allow re/insurers to model river and surface water flood at 30m resolution.   16 September 2019

Insurance

Insurtech Concirrus partners with Marsh JLT and Willis Re on new AI-powered marine cargo solution

London-based insurtech Concirrus has launched a new artificial intelligence-powered cargo data analytics solution in partnership with brokers Marsh JLT Specialty and Willis Re Specialty. The company claims it has the potential to "revolutionise" the way cargo insurance is priced, selected and managed in the industry.   16 September 2019

Insurance

Gallagher adds to sport, media & entertainment practice in the UK

Broker Gallagher has hired sports broadcaster Jill Douglas to join its UK operations to accelerate its plans of expanding presence in the specialist sport, media & entertainment sector.   13 September 2019

Insurance

Aspen shakes up executive lineup, Edwards replaces Cain as UK insurance CEO

Bermuda-based Aspen Insurance Holdings has promoted Clive Edwards to chief executive officer (CEO) of Aspen Insurance UK (AIUK) and Aspen Managing Agency (AMAL).   13 September 2019

Insurance

AXA XL names Luis Prato chief underwriting officer for UK entities

AXA XL insurance has appointed Luis Prato as new chief underwriting officer (CUO) for UK legal entities, Catlin Underwriting Agencies (CUAL) and XL Catlin Insurance Company UK (XLCICL).   12 September 2019

Insurance

Developing talent a critical priority for London market, says new LMA Academy chair Matthew Wilson

The Lloyd’s Market Association (LMA) has appointed Brit group CEO Matthew Wilson as new chairman of the LMA Academy committee, and Aspen's Fiona Temple as director.   11 September 2019

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