News
Insurance
Increasing premium limits, reporting requirements, ownership restrictions, and increased scrutiny from the Internal Revenue Service (IRS) has made prospective captive owners more cautious about forming 831(b) captives. 8 August 2017
Insurance
Outgoing Lloyd’s CEO Inga Beale has received sexist and homophobic abuse when she became the first female CEO of Lloyd’s of London, according to The Times. 8 October 2018
Insurance
Specialist commercial insurer CNA Hardy has confirmed its plan to exit property treaty, marine hull and construction/erection all risks (CAR/EAR) business on the Lloyd’s platform. 8 October 2018
Insurance
The rating agencies have started to react to the news that Liberty Mutual will acquire Ironshore – just over a year after Fosun International, China’s biggest conglomerate, acquired the remaining 80 percent stake in the Bermuda-based property/casualty insurer. 6 December 2016
Insurance
Swiss Re’s unit corporate solutions has appointed Jake Algar as head UK & Ireland, effective May 1, 2018 as the company expand the business. 1 May 2018
Insurance
Helping governments move risk off their books can provide the risk transfer industry with a big opportunity for growth—but a collaborative approach is required, Charles Cooper, chief executive of reinsurance at AXA XL, told Monte Carlo Today. 11 September 2019
Insurance
Lloyd’s chief financial officer has mooted the idea that brokers should reduce the commission they make on business placed in the market as a way of reducing the overall cost of using Lloyd’s. 26 January 2018
Insurance
Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has appointed Neil Lee-Amies as head of treaty. 20 June 2018
Insurance
Dutch insurance group Aegon has agreed to divest the last substantial block of its life reinsurance business to SCOR Global Life. 8 August 2018
Insurance
The overall property and casualty industry’s loss reserve position appears to be sufficient, after again strengthening in 2017. 15 June 2018
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