News
Insurance
In a letter to Treasury Secretary Steven Mnuchin, four insurance industry trade bodies in the US including the Reinsurance Association of America have reiterated their strong support for the Covered Agreement that was recently negotiated by the US and EU that resolved significant prudential insurance and reinsurance matters. 21 March 2017
Insurance
US-based RMC Group, an insurance, risk management and actuarial consulting firm, has opened new offices in the UK to expand its presence in the European market. 21 March 2017
Insurance
The UK Government has startled the re/insurance industry by decreasing the personal injury (Ogden) rate by far more than had been expected, causing companies to revise their profit results mid-reporting season. 1 March 2017
Insurance
Australia’s QBE is observing that business that in the past went through the London Market is increasingly being processed at other international locations, driven by cost pressure and client demands. 28 February 2017
Insurance
The magnitude of the UK’s reduction of the personal injury rate has shocked the UK insurance industry and raised concerns also among reinsurers, which are expected to be particularly hard hit. 28 February 2017
Insurance
Deanna Mulligan, the CEO of Guardian Life Insurance Company of America, has stepped down from the board of directors of Arch Capital Group. 27 February 2017
article
QBE Insurance Group has appointed David McMillan as group chief operations officer, and Victor Walter as deputy group chief financial officer (CFO). 27 February 2017
Insurance
Specialist Lloyd's insurer Neon has expanded its property insurance team with the appointment of Sam Yates and Jonathan Powell. 27 February 2017
Insurance
Ryan Specialty Group (RSG) Underwriting Managers has signed an agreement to acquire specialty marine managing general agency (MGA) Trident Marine Managers. 27 February 2017
Insurance
QBE group CEO John Neal has lost over A$550,000 ($422.500) in pay due to a delay in notifying his board that he was involved in a relationship with his personal assistant, the company confirmed to Intelligent Insurer. 27 February 2017
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