News
Insurance
Specialist insurer Markel Corporation has been granted a licence by the German federal financial supervisory authority BaFin to establish an insurance company in Germany. 19 July 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has expanded its liability team by creating two new senior underwriting roles. 19 July 2018
News
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Bengt Johnsen as president and head of the South East Asia and Korea (SEAK) region. 19 July 2018
Insurance
US-based IAT Insurance Group has hired Donna McDermott as head of IAT Reinsurance (IAT Re) to succeed senior vice president Jim Miller who plans to retire on March 1, 2019. 19 July 2018
Insurance
Specialty insurer RLI has been impacted by volcanic activity in Hawaii but managed to improve earnings in the second quarter of 2018 nevertheless. 19 July 2018
Insurance
Willis Towers Watson has extended the contract with CEO John Haley for an additional two years in order to facilitate an orderly succession of the chief executive officer position. 19 July 2018
Insurance
American International Group (AIG) has completed its acquisition of Bermuda-based Validus Holdings after receiving regulatory and shareholder approvals. 18 July 2018
Insurance
The aviation insurance market faced further upwards pricing pressure in the first half of 2018 driven by “on-going underwriting discipline and three-tier market conditions,” according to the JLT’s most recent Airline Insurance Market Update. 18 July 2018
Insurance
Managing general agents (MGAs) are coming under growing pressure from Lloyd’s as part of the market’s profitability push while also grappling with the continued uncertainty around Brexit. But executives in the sector remain confident they can adapt and manage the challenges. 18 July 2018
Insurance
Managing general agents (MGA) showed optimism about the sector’s growth potential in the latest MGAA Matters survey conducted by the Managing General Agents’ Association (MGAA) with over 57 percent saying they expected the number of specialist and niche MGAs would increase. 18 July 2018
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