Articles

Insurance

Neon snags claims manager from Generali in Italy

Specialist Lloyd's insurer Neon has hired Paolo Olivari as claims manager in Italy from Generali.   29 January 2019

Insurance

IAIS systemic risk proposals “lack sufficient clarity”

Insurance Europe has criticised proposals from the International Association of Insurance Supervisors (IAIS) for a new framework for identifying and managing systemic risk in the insurance sector.   29 January 2019

News

AM Best forecasts more M&As in Commonwealth Independent States

Insurers working across the Commonwealth Independent States (CIS) of former Soviet Russia can expect to see further consolidation in their sector, according to the latest special report from AM Best.   29 January 2019

Insurance

Brown & Brown enjoys strong growth but profits dip in 2018 results

Broker Brown & Brown enjoyed strong growth in 2018 though its profits dipped because of the effect of a one-off tax boost it enjoyed in 2017 triggered by US tax reforms.   29 January 2019

Insurance

EC3 Brokers hires JLT exec to drive growth in Middle East via Dubai

London-based EC3 Brokers has launched a new venture from the Dubai International Finance Centre from which it will target growth in the Middle East and Africa and hired an executive from JLT Re to lead this process.   28 January 2019

News

FCA report, Brexit and US-EU covered agreement on agenda for IUA

A report by the UK’s Financial Conduct Authority (FCA) that will assess competition in the wholesale insurance broker sector dominate the International Underwriting Association’s (IUA) agenda, alongside Brexit, in 2019, the representative body has said.   28 January 2019

Insurance

Lloyd’s Brexit transition a ‘huge challenge’ says Spink

Huge challenges around a post-Brexit transition still lie ahead for Lloyd’s, Hayley Spink, Brexit programme director at Lloyd’s of London, told delegates at the Fitch Ratings Insurance Roadshow in London.   25 January 2019

Insurance

ABI and Swiss Re warn of Brexit threat to London at Fitch event

Though much has been done to ensure a smooth Brexit transition for the UK insurance sector, leaders in the industry warned that EU subsidiaries could take business from London “very quickly” after Brexit.   25 January 2019

News

Reshuffle at RSA as it refocuses commercial business

UK-based RSA Group has unveiled plans to refocus some of its commercial activities while bringing new talent onboard, in a move it hopes will result in growth and development of its CRS and GRS segments.   25 January 2019

Insurance

Everest expects $695m nat cat loss from Q4 2018

Bermuda-based Everest Re Group is expecting to incur fourth quarter 2018 catastrophe losses of $695 million, net of reinsurance, reinstatement premiums and taxes.   25 January 2019

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