News
Insurance
Specialist insurer Markel International has created two new standalone divisions for marine and energy, and appointed Chris Fenn and Julian Samuel as managing directors of the businesses. 5 November 2018
Insurance
Cyber insurance and directors’ and officers’ (D&O) liability insurance go hand in hand now that company business models increasingly revolve around technology, according to a white paper published by Airmic with support from Marsh and AIG. 5 November 2018
Insurance
SOBC DARAG, a joint venture between US-based run-off specialist SOBC and European legacy acquirer DARAG, has acquired Florida-based Peachtree Casualty Insurance Company. 5 November 2018
article
Occam Underwriting, a specialty lines-focused managing general agent (MGA), has appointed a cyber security professional to its board, and an Ironshore executive as its new chief financial officer (CFO). 5 November 2018
Insurance
Alleghany Corporation, which owns reinsurer TransRe and insurers RSUI and CapSpecialty, enjoyed strong growth in the third quarter of 2018 – but this was mainly driven by non-insurance related revenues. Its profits were also hit by exposure to losses from natural catastrophes. 2 November 2018
News
While there may be some upward pressure in certain risk affected markets in APAC, persistent excess capital and liquidity which is keeping rate movements in the lower range could eventually be shifted by macro factors such as interest rates and inflation, David Flandro, global head of analytics at JLT Re, told SIRC Today. 31 October 2018
Insurance
Lloyd’s Asia is looking to develop innovative solutions for mature markets such as Japan or Australia while mulling over the introduction of electronic placement to make trading more efficient in the Asia-Pacific region, Angela Kelly, chief executive officer for Lloyd’s Asia, told SIRC Today. 31 October 2018
Insurance
The Lloyd’s profitability review had to happen, and against that backdrop has helped its Asia platforms keep competitive within the Asia-Pacific region, Veronica Grigg, chief executive officer of Asia-Pacific, Argo Global, told SIRC Today. 31 October 2018
Insurance
2018 is set to be the most costly catastrophe year for Asia-Pacific since 2011, leading to potential rate hardening at renewals, but the impact is likely to be restricted to countries hit directly by losses, Michael Reynolds, global chief executive officer of JLT Re, told SIRC Today. 30 October 2018
Insurance
Specialist re/insurance market Lloyd’s of London has revealed that it will write facultative reinsurance and non-proportional excess of loss (XoL) treaty reinsurance on Lloyd’s Brussels paper from 1st January 2019 across all markets in the EEA. 30 October 2018
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