News
Insurance
In his first speech as Lloyd’s new chairman, Bruce Carnegie-Brown said the insurance industry must do more to change and innovate or run the risk of being disrupted by external players. 16 June 2017
Insurance
Property/casualty insurer Chubb has opened a new office in Reading, Berkshire, and made two key appointments to expand its local presence across the UK and Ireland. 16 June 2017
Insurance
US personal lines insurer Allstate Corporation said June 15 that it estimates catastrophe losses for the month of May 2017 at pre-tax $403 million and $262 million after-tax, driven by a severe hail event in Colorado. 16 June 2017
Insurance
The Bermuda Business Development Agency (BDA) has appointed Greg Wojciechowski to its board of directors. 16 June 2017
Insurance
The overall cost to insurers and reinsurers of the UK’s change in the personal injury Ogden discount rate is estimated at £3.5 billion across all lines of business, according to advisory firm EY. 16 June 2017
Insurance
Insurers are preparing for a surge in demand for cyber cover in personal lines as the awareness of the risk grows in the population and cybercrime cases jump. 16 June 2017
Insurance
US life insurer MetLife has announced a series of changes to its senior leadership ranks, effective from July. 16 June 2017
Insurance
Independent insurance intermediary Brown & Brown has appointed Vaughn Stoll to senior leadership team. 16 June 2017
Insurance
New York-based property/casualty holding company AmTrust Financial Services has amended and restated the employment contract of Ronald Pipoly, its former chief financial officer (CFO) and current executive vice president – finance. 15 June 2017
Insurance
Executives should review their directors’ & officers’ (D&O) coverage and its triggers earlier if they suspect something is going wrong in a company and they know it’s just a matter of time before a regulator gets involved. 15 June 2017
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