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Insurance
Premium and/or rate reductions have slowed and in some cases are no longer obtainable in the aviation market, according to the May 2017 JLT aviation newsletter ‘Plane Talking’. 15 May 2017
Insurance
Nirvana Risk Partners, an underwriting cell on Castel Underwriting Agencies' managing general agent (MGA) formation platform, has appointed Glenn Crickmar as underwriter to expand the team's specialist media, technology and cyber liability capabilities. 15 May 2017
Insurance
Specialty re/insurer Sompo Canopius and Sompo Japan Nipponkoa Insurance (SJNKI) have launched a natural catastrophe risk model for North-West Australia offshore installations. 15 May 2017
Insurance
The US property/casualty (P/C) industry recorded a $6.6 billion underwriting loss in 2016, following three consecutive years of underwriting profitability, according to an AM Best special report. 15 May 2017
Insurance
Major ransomware worm attacks such as the recent one dubbed ‘WannaCry’ which hit several organisations such as the UK’s health care system NHS and Spain’s telecoms firm Telefonica are expected to become more frequent and expose the protection gap in the global economy, according to experts. 15 May 2017
Insurance
American International Group (AIG) is planning to name former company executive Brian Duperreault as its new chief executive, the Wall Street Journal reported late on May 10. 11 May 2017
Insurance
Switzerland-based Zurich Insurance Group has booked a charge of $289 million as a result of the UK’s decision to change the Ogden personal injury discount rate. 11 May 2017
Insurance
Ratings agency S&P Global Ratings has downgraded Dutch insurer NN Group due to the financial resources used to acquire its competitor Delta Lloyd which are reducing its capital buffers. 11 May 2017
Insurance
Specialist insurer Hiscox plans to establish a European subsidiary in Luxembourg in response to the UK's exit from the European Union. 9 May 2017
Insurance
Disposing of legacy portfolios is an increasingly important mechanism in the capital management toolbox, but how are carriers to be persuaded that it’s a good idea? Tom Dixon of Randall & Quilter has some answers. 8 May 2017
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