News

Insurance

Costs of environmental fines against companies jump

The average fine per prosecution brought by the UK government-sponsored Environment Agency (EA) against companies has increased six-fold in the last five years, according to research from global law firm Clyde & Co.   23 July 2018

Insurance

Brit appoints Medniuk as non-exec chairman of Lloyd's managing agent

Specialty re/insurer Brit has appointed Tony Medniuk as non-executive chairman of its Lloyd’s managing agent Brit Syndicates, which is responsible for managing Syndicates 2987 and 2988.   23 July 2018

News

Guy Carpenter appoints new head of South East Asia and Korea

Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Bengt Johnsen as president and head of the South East Asia and Korea (SEAK) region.   19 July 2018

Insurance

IAT hires reinsurance head from Aspen as Miller retires

US-based IAT Insurance Group has hired Donna McDermott as head of IAT Reinsurance (IAT Re) to succeed senior vice president Jim Miller who plans to retire on March 1, 2019.   19 July 2018

Insurance

AIG closes Validus acquisition

American International Group (AIG) has completed its acquisition of Bermuda-based Validus Holdings after receiving regulatory and shareholder approvals.   18 July 2018

Insurance

Clark replaces Beale as CII president

Jonathan Clark has been elected president of the Chartered Insurance Institute for 2018/2019, replacing Lloyd’s CEO Inga Beale.   18 July 2018

Insurance

Aviation insurance market rates harden further

The aviation insurance market faced further upwards pricing pressure in the first half of 2018 driven by “on-going underwriting discipline and three-tier market conditions,” according to the JLT’s most recent Airline Insurance Market Update.   18 July 2018

Insurance

Miller appoints energy construction lead from Marsh

Re/insurance broker Miller has hired Ian Curtin to lead its energy construction team.   18 July 2018

Insurance

Charles Taylor Managing Agency swoops for Capita CEO

Charles Taylor Managing Agency (CTMA) has appointed Colin Grint as chief executive officer. He will join CTMA later in 2018 from Capita Managing Agency.   17 July 2018

Insurance

Fitch raises asbestos claims estimate to $100bn

Following a review of recent years' asbestos-related claims and litigation activity and insurers' paid and incurred loss experience, Fitch has raised projection for ultimate all-time US industry incurred losses to $100 billion compared with a previous estimate of $90 billion.   16 July 2018

Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.