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JLT Re partners with flood risk modeller to expand in Canada
Reinsurance broker JLT Re has partnered with risk modelling company KatRisk to offer flood modelling in Canada.   21 March 2017
Insurance
Travelers expects $62m hit from UK Ogden rate slash
US property/casualty insurer Travelers has estimated the impact of UK’s personal injury Ogden discount rate at $62 million.   20 March 2017
Insurance
AIG’s leaving CEO Hancock denied 2016 bonus, gets $5m for transition period
American International Group’s (AIG) leaving CEO Peter Hancock was denied a bonus for 2016 after the company recorded a $3 billion net loss for the fourth quarter of 2016.   20 March 2017
Insurance
Great American Insurance Group appoints new divisional president
US property/casualty insurer Great American Insurance Group has appointed Mark Conklin as the divisional president of its professional risk insurance unit that provides excess casualty coverages for medium to large-sized companies.   17 March 2017
Insurance
Munich Re reveals its strategy to generate new business
While Munich Re is currently shrinking its share of traditional reinsurance business, due to the current soft market, it is also investing in technology to create alternative growth opportunities through the coverage of new risks and advisory for risk prevention.   16 March 2017
News
PhilNaRe announces resignation of key officer
PhilNaRe, the National Reinsurance Corporation of Philippines (NRCP), has confirmed that Jeffrey Lacson, its vice president and head of finance, has resigned from the company with effect from March 20.   16 March 2017
Insurance
CII appoints Zurich's regulatory and policy head to a new role
The Chartered Insurance Institute (CII) has appointed Matthew Connell to the newly-created role of director of policy and engagement.   15 March 2017
Insurance
NN Group reappoints CEO Friese for another term
The supervisory board of Dutch insurer NN Group has reappointed Lard Friese as chief executive officer (CEO) for another four-year term. He will also be reinstated as the chairman of group's executive board.   15 March 2017
Insurance
Departure forces Allianz Global Corporate to appoint new global cyber head
Allianz Global Corporate and Specialty (AGCS) has promoted Emy Donavan to lead its cyber insurance business, succeeding Nigel Pearson who has left the company to pursue other opportunities.   14 March 2017
Insurance
Cape settles litigation with Aviva, RSA and Zurich but does not admit liability
Cape, a UK-based manufacturer of industrial materials, has agreed to pay a £52.5 million product liability settlement to three insurers relating to litigation over the carriers' historic employers' liability exposures, however, Cape has not admitted any liability, describing the settlement as "removing the distraction of a likely protracted appeals process".   14 March 2017

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