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Insurance
A review of the UK Ogden discount rate, used to calculate personal injury lump sum compensation payments, must break its current tie to index-linked government bonds, the International Underwriting Association (IUA) has stated. 28 March 2017
Insurance
Following a year in which profits in the insurance sector fell by 23 percent in the UK to £7.0 billion, 2017 should see an improved performance, buoyed by a better global outlook, according to the latest EY ITEM Club outlook for financial services. 28 March 2017
Insurance
Suncorp, one of Australia’s largest insurers, said that it is well protected against the financial impact of Cyclone Debbie through reinsurance protection. 27 March 2017
Insurance
Bermuda-based specialty re/insurer Endurance Specialty Holdings has appointed Brad Gow to the new role of global cyber product leader. 24 March 2017
Insurance
Poland's largest insurer Powszechny Zakład Ubezpieczeń (PZU) has announced that its supervisory board has dismissed CEO Michal Krupiński on March 22 from his role with immediate effect. 23 March 2017
Insurance
Shareholder rights law firm Robbins Arroyo announces that a class action complaint was filed against New York-based property and casualty insurance AmTrust Financial Services in the US District Court for the Southern District of New York. 23 March 2017
Insurance
Specialist Lloyd's insurer Novae has appointed Steven Burns as an independent non-executive director with effect from March 31. 23 March 2017
Alternative Risk Transfer
PCS designated more catastrophe events in 2016 than in any year since 1980, as Tom Johansmeyer of ISO Claims Analytics, a division of Verisk Insurance Solutions, reports. 23 March 2017
Insurance
US-based global insurance broker AmWINS Group has appointed Perry Lyons as motor fleet underwriter for its London-based managing general agent (MGA) Unicorn Underwriting. 23 March 2017
Insurance
RLI, a specialty insurer serving property/casualty and surety markets, has appointed Betsy McLaughlin as vice president and chief claim counsel, succeeding Brian Casey, who is set to retire on March 31. 22 March 2017
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