News

Insurance

AIG Bermuda captive head appointed as new BIMA president

Kathleen Bibbings, who has more than 30 years’ experience in the insurance industry and currently heads up AIG’s Bermuda captive operations, has been appointed president of the Bermuda Insurance Management Association (BIMA).   6 June 2018

Insurance

Blockchain used on marine insurance deal for first time

Willis Towers Watson claims to have completed the first blockchain transaction for marine insurance in a first for that sector.   6 June 2018

Insurance

Alliant hires new leader of SIU division

Alliant Underwriting Solutions has hired long-time catastrophe underwriter Kelley Bernal as senior vice president and senior director of underwriting for its SIU division.   6 June 2018

Insurance

JLT secures broking licence extension in China

Jardine Lloyd Thompson (JLT) has been granted a licence to cover all lines of insurance brokerage business in China.   6 June 2018

Insurance

Argo Group rebrands Italian subsidiary Ariscom

Bermuda specialty re/insurer Argo Group International Holdings has rebranded its subsidiary Ariscom to ArgoGlobal Assicurazioni. Giovanni Tucci, who joined the business from Intesa Sanpaolo Assicura in April, will remain the managing director of the business.   5 June 2018

Insurance

VIG Re elects former Generali exec as new chairman

Czech Republic-based reinsurer VIG Re, part of Vienna Insurance Group, has elected Peter Thirring as the new chairman of its supervisory board.   5 June 2018

Alternative Risk Transfer

Guy Carpenter taps Goldman Sachs exec to lead capital markets unit

Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies (MMC), has hired Shiv Kumar as president and global leader of GC Securities, capital markets.   5 June 2018

Insurance

BPL Global launches new Swiss branch as senior leader returns from UBS

Specialist credit and political risk insurance broker BPL Global has established a branch in Geneva through its French subsidiary. Philippine de Villèle will join from UBS to head the office.   4 June 2018

Alternative Risk Transfer

Glut of capacity makes for disappointing Florida cat renewals

A continued glut of capacity dampened rate increases in the recent June 1 renewals for Florida property-cat business. While rates did increase by 1.2 percent, the first rise in seven years, pricing remains 40 percent down on 2012, according to a new report by JLT Re.   4 June 2018

Insurance

Nippon Life acquires 85.1% stake in MassMutual Japan

MassMutual International has completed its sale of 85.1 percent of MassMutual Japan - its wholly-owned life insurance and wealth management affiliate - to Osaka-based mutual life insurer Nippon Life.   1 June 2018

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