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Specialty re/insurer Brit has appointed Marsh executive Neil Walker as head of UK property. 16 March 2018
Insurance
Operations management, consulting and digital solutions provider Davies Group has made several senior executive promotions as it streamlines its business, creating three operating platforms across claims solutions, insurance services and customer solutions. 16 March 2018
Insurance
S&P Global Ratings has downgraded UK-based multiline insurance group Prudential by one notch due to the company’s demerger plan while downgrading the UK operations by two notches. 16 March 2018
Insurance
Risk management service provider Assurant has expanded its SureDeposit product, an alternative to security deposits, to commercial property owners, management companies and their tenants. 16 March 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed Paula Wilson to the newly-created role of head of marketing. 16 March 2018
News
Munich Re will cut costs in the reinsurance operations and in the group functions through staff reduction to improve profitability. 15 March 2018
Insurance
Specialist insurer Markel International will cease to write London open market property business with immediate effect, stating that the “market has been against them, in terms of both capacity and pricing”. 15 March 2018
Insurance
In one of the first tangible instances of uncertainty over the UK’s exit from the European Union influencing insurers’ strategies in a negative way, a UK-based specialist motor insurer has announced it will cease trading in the Republic of Ireland because of uncertainty passporting arrangements will remain post Brexit. 15 March 2018
Alternative Risk Transfer
Specialist insurer Hiscox has launched a first ever cyber industry loss warranty (ILW) product to help address the uncertainty around cyber tail risk for re/insurers. 15 March 2018
Insurance
The property and casualty (P&C) insurance and reinsurance sectors have significant exposure to the economic consequences of climate change and has a net negative credit impact on the industry, Moody's has said in a new report. 15 March 2018
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