News
Insurance
An unspectacular increase in large claims led Lloyd’s of London to report underwriting losses in all classes in the accident year 2016, driving the management to take action to improve underwriting quality and expenses. 31 March 2017
Insurance
Marsh & McLennan Companies (MMC) has appointed Keith Walsh as the chief financial officer (CFO) of Marsh with effect from May 1, 2017. He will be based in MMC's New York headquarters, and report to the chairman of risk and insurance services Peter Zaffino, and to MMC CFO Mark McGivney. 31 March 2017
Insurance
The Insurance Council of Australia (ICA) said that Tropical Cyclone Debbie triggered 7,500 claims and that insurance losses could reach into the hundreds of millions of dollars as householders and businesses return to their properties and lodge claims. 31 March 2017
Insurance
Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has expanded its inland marine team with the hiring of Tom Warner, Mike Lewis and Timothy Janeway. 30 March 2017
Insurance
Yachtpod Risk Partners has launched an underwriting cell on the Castel Underwriting Agencies managing general agent (MGA) formation platform to offer dedicated superyacht insurance on a global basis. 30 March 2017
News
JLT Group's Fac division, which is focused on property, construction and casualty facultative reinsurance, has expanded its team with the appointment of Mark Leonard and Julia Moretti. 30 March 2017
Insurance
Pressure facing the global reinsurance sector may be magnified in Bermuda, rating agency AM Best suggested. 30 March 2017
Insurance
An increasing number of UK companies are reviewing credit insurance as economic uncertainty grows due to uncertainty triggered by UK’s exit from the European Union, according to the British Insurance Brokers' Association (BIBA) 29 March 2017
Insurance
Following the acquisition of Bermuda-based Endurance, Sompo Japan Nipponkoa Insurance has launched a fully integrated global commercial insurance and reinsurance platform based in Bermuda, which has been named Sompo International. The new corporation will have its own board, led by John Charman as chairman and CEO, reporting to the Sompo CEO Kengo Sakurada. 29 March 2017
News
Lloyd’s of London has been granted a licence as a foreign reinsurer in Nicaragua by the country's insurance regulator Superintendencia de Bancos y Otras Instituciones Financieras (SIBOIF). 29 March 2017
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