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Insurance
The European Commission has confirmed that its officials carried out unannounced inspections on July 4, 2017 at the premises of companies active in motor insurance in the Republic of Ireland. 5 July 2017
Insurance
Speciality MGA Fiducia has teamed up with Lloyd’s insurer Atrium Underwriting to produce a new terrorism product which will allow brokers to offer specific cover to their clients of all sizes. 5 July 2017
Insurance
Specialist Lloyd's insurer Neon has appointed Matthew Watson to its professional indemnity (PI) team. 5 July 2017
Insurance
Global insurance premiums increased by 3.1 percent in real terms in 2016, down from 4.3 percent growth in 2015, according to the latest Swiss Re Institute's sigma report. 5 July 2017
Insurance
Bermuda-based holding company Fidelis Insurance has promoted Ian Turner to the position of group chief actuary. 5 July 2017
News
Crosswinds Re, a specialty reinsurance business vehicle established by Crosswinds Holdings in the Cayman Islands, has entered into an underwriting agreement with TransRe as it struggles to find profitable business. 5 July 2017
Insurance
Traditional insurers are too slow to react to trends in the sector and managing general agents (MGA’s) may be able to adapt more quickly and efficiently, offering the necessary expertise and potentially making the insurer’s underwriting capabilities become obsolete, according to a panel discussion at the 2017 Managing General Agents’ Association conference. 5 July 2017
Insurance
Specialist re/insurer MS Amlin said on June 28 that it will re-domicile its European business, Amlin Insurance Societas Europaea (AISE), to Brussels, in response to Brexit. 28 June 2017
Insurance
AXIS Insurance, part of Bermuda-based AXIS Capital Holdings, has appointed James DeSimone as senior vice president to lead its primary casualty business in the US Northeast and Midwest regions. 28 June 2017
Insurance
Swiss insurance giant Zurich has acquired UK-based rental car insurance firm Halo to expand its travel offering. 28 June 2017
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