News

Insurance

Swiss insurer Helvetia enters aviation insurance market

Swiss insurer Helvetia is entering the aviation insurance market offering worldwide coverage for passenger liability, third-party liability and comprehensive cover with a maximum limit of $125 million.   30 September 2019

Insurance

Miller bolsters international professional risks unit to navigate a 'difficult market'

Re/insurance broker Miller has hired Dominic Leckie and Gareth Jones to further strengthen its UK & International wholesale professional risks team.   30 September 2019

Insurance

AXIS Capital appoints Martin McCarty to global treasurer role

Bermuda-based AXIS Capital Holdings has appointed Martin McCarty as the company’s global treasurer.   30 September 2019

Insurance

AM Best changes ProAssurance outlook over 'negative trend' in operating performance

Ratings agency AM Best has revised the outlook of specialty insurance company ProAssurance Corporation to negative from stable, expressing concern over its operating performance in recent years.   27 September 2019

Insurance

AXA overtakes AIG to lead US D&O, which sees double-digit rate increases

AXA has overtaken AIG in the United States directors and officers (D&O) liability market, a sector that has seen double-digit rate increases in the past year.   27 September 2019

Insurance

Re/insurance potentially 'decisive' in tackling climate change, Bank of England’s Mark Carney tells UN Climate Action Summit 2019

Mark Carney, the governor of the Bank of England, said the re/insurance sector has a “crucial” role and “unique contribution” to make in tackling climate change and smoothing the transition to a 1.5 degree world.   26 September 2019

Insurance

Aon teams up with CarrierHQ to launch driver-scored small-fleet insurance in US

Aon, the global professional services firm, has launched an “action-based monthly motor carrier insurance program” in the US available exclusively through CarrierHQ’s online portal.   25 September 2019

Insurance

Mutual insurers in good shape with higher capital adequacy ratios: Aon and Namic

Mutual insurance companies in the US are in strong financial shape and less leveraged than those quoted on the stock exchange.   24 September 2019

Insurance

Berkshire Hathaway Specialty Insurance enters Spain, hires leader from RSA

Berkshire Hathaway Specialty Insurance (BHSI) has expanded its global footprint by opening a new office in Madrid, and hired its country manager from RSA Spain.   23 September 2019

Insurance

Turkish insurers held back by underwriting losses and economic volatility: AM Best

Sentiment on the Turkish insurance market has become less optimistic in recent times, as it has generated poor underwriting performance for most market participants.   23 September 2019

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