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Insurance
Brian Duperreault, the new president, CEO and director of American International Group (AIG), explained that he left the Bermuda-based Hamilton Insurance Group to fix issues at AIG which was recently hit by large losses, impacting investors’ confidence. 16 May 2017
Insurance
Business insurance specialist QBE European Operations, a part of Australia’s QBE Insurance Group, has announced that it will combine its underwriting divisions into one business to form a single underwriting entity, under the leadership of Sam Harrison as managing director, insurance. 16 May 2017
Insurance
Bermuda-Based specialty lines re/insurer AXIS Capital Holdings has appointed James Martin and Russ Madore as vice presidents of US programs, within its property/casualty team. 16 May 2017
Insurance
British Insurance Brokers' Association (BIBA) and the International Underwriting Association of London (IUA) have set out their plans for the UK’s Ogden personal injury discount rate reform in response to a government consultation. 16 May 2017
Insurance
Australia’s business landscape will be transformed under new mandatory reporting legislation for data breaches which will take cyber security from the IT department to the boardroom, according to a white paper released by QBE Insurance. 16 May 2017
News
Premium rates are set to further decline in reinsurance throughout 2017 due to overcapacity and sluggish demand, according to Fitch Ratings. 16 May 2017
Insurance
Insurance firm Starr Companies has appointed Danielle Wilson as head of management liability, and Robert McTaggart as head of professional indemnity. 16 May 2017
Insurance
RLI, a specialty insurer serving property/casualty and surety markets, has promoted Thomas Brown to the position of senior vice president, chief financial officer. 16 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
Former DARAG CEO Arndt Gossmann and brokerage sales expert Gerd Meyer have resurfaced at composite insurer Schwarzmeer- und Ostseeversicherungs-AG (SOVAG) as the new members of its management board. 12 May 2017
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