Articles
Insurance
The costs from the extensive casualty and property damage caused by these catastrophes such as typhoons Jebi and Trami are likely to result in record high gross domestic wind/flood catastrophe losses to the Japanese property and casualty (P&C) insurance industry in fiscal year 2018, according to Moody’s. 21 November 2018
Insurance
Mike Reynolds, CEO of JLT Re has stepped down from his position. 21 November 2018
Insurance
Syndicate Research Limited (SRL) has affirmed the A- (Good) Continuity Opinion of Lloyd's syndicate 2003 but has changed the outlook for the Continuity Opinion from stable to negative in light of the syndicate’s recent 5-year average performance relative to its Continuity Opinion peer group. 21 November 2018
Insurance
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Ross Howard, chairman of JLT Re, to become vice chairman of Guy Carpenter. 21 November 2018
Insurance
Broker Aon has launched an intangible asset insurance cover in line with the change in business models. 20 November 2018
Insurance
Beazley syndicate 3623 and Aegis syndicate 1225 are leading the ranking of electronic placement adoption at Lloyd’s, according to a new table published for the first time by the London Market Group. 20 November 2018
Insurance
Syndicates at Lloyd’s have accepted 29.6 percent of in scope risks through electronic placement in the third quarter of 2018, exceeding the target of 20 percent, according to the board of PPL (Placing Platform Limited). 20 November 2018
Insurance
Willis Towers Watson has appointed Victor Ganzi as new chairman of the board, succeeding James McCann who is completing his three-year term at the end of the year. 20 November 2018
Insurance
Run-off specialist DARAG has completed the acquisition of SOBC Services, a company focused on the sourcing, acquisition and management of insurance entities and portfolios in run off in the US, Bermuda and Caribbean. 20 November 2018
Alternative Risk Transfer
Bermuda-based AXA XL's reinsurance operation has completed the acquisition of all third party ownership interests in New Ocean Capital Management, its majority-owned asset management affiliate. 20 November 2018
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