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Insurance
Cargo premiums shrink for fifth consecutive year
Global estimated cargo premium fell 6 percent year on year to $15 billion in 2016, a further 9 percent decline since 2014, according to the International Union of Marine Insurance (IUMI).   18 September 2017
Insurance
Willis appoints new head of international construction
Broker Willis Towers Watson has appointed Martin Hiller as head of international construction, within its corporate risk and broking unit.   18 September 2017
Insurance
Ascent introduces cyber policy nil deductible for SMEs
Specialist niche-product managing general agent (MGA) Ascent Underwriting said on Sept. 18 that it is further targeting small and medium-sized (SME) business by offering nil deductible/zero excess options on all cyber insurance policies globally.   18 September 2017
Insurance
Twelve Capital hires Barbican executive
Twelve Capital, an investment firm specialising in insurance investments, said on Sept. 18 that it hired Aaron Coates to the firm’s London office.   18 September 2017
Insurance
IUMI president predicts shake-up in marine underwriting
The current environment of disruption will cause a shake-up in the marine insurance sector, the president of the International Union of Marine Insurance (IUMI) Dieter Berg said at the annual IUMI conference in Tokyo.   18 September 2017
Insurance
Aviva completes €0.5bn Spanish divestment
UK-based Aviva said that it has completed the sale of its 50 percent shareholding in life insurance and pension joint ventures Unicorp Vida and Caja España Vida, as well as its retail life insurance business Aviva Vida y Pensiones, to Santalucía Compañía de Seguros y Reaseguros.   18 September 2017
Insurance
Hurricane Irma insured losses at up to $50bn: AIR Worldwide
Combined industry insured losses for Hurricane Irma for the US and the Caribbean will range from $32 billion to $50 billion, according to estimates from catastrophe modelling firm AIR Worldwide.   18 September 2017
Insurance
China’s internet-only ZhongAn to expand into life and healthcare
China’s internet-only ZhongAn Online Property and Casualty Insurance plans to add life insurance and other healthcare products to the range of policies it offers to accelerate growth after going public in Hong Kong, Reuters reported on Sept. 17.   18 September 2017
Insurance
Global marine premiums fall another 9% YOY
Global marine underwriting premiums for 2016 fell to $27.5 billion, a 9 percent reduction on the figure reported for 2015, the International Union of Marine Insurance (IUMI) said on Sept. 18.   18 September 2017
Insurance
Hiscox estimates Harvey impact
Bermuda-based specialist insurer Hiscox expects net claims of approximately $150 million from Hurricane Harvey.   18 September 2017

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