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Insurance
Bermuda-based Everest Re Group has promoted Patricia McMahon to the role of senior vice president and chief claims officer of Everest Insurance. 12 July 2018
Insurance
RSA Insurance Group has appointed Chris Riley as senior executive officer for its operation in the Dubai International Financial Centre (DIFC). 12 July 2018
Insurance
The London Insurance and International Brokers Association (LIIBA) has created a new delegated authority working group to focus on the London Market Target Operating Model (LM TOM) and its impact on binders and line slips. 12 July 2018
Insurance
Insurance-focused advisory and investment firm Stonybrook Capital has hired Paolo Grassi as new COO and general counsel. 12 July 2018
Insurance
Natural disasters across the world caused significantly lower losses than usual in the first half of 2018 at around $33 billion, according to Munich Re. 11 July 2018
Insurance
Managing general agents (MGAs) have traditionally received their capacity from insurers but are now increasingly taking advantage of alternative capacity providers, MGAA chairman Charles Manchester suggested in conversation with Intelligent Insurer. 11 July 2018
Insurance
Lloyd’s review of underperforming syndicates could cause pandemonium for managing general agents and disruption in many lines of business if it results in syndicates retracting their capacity from unprofitable areas quickly. 11 July 2018
Insurance
Severe thunderstorms leading to flash floods and hail across the eastern two-thirds of the US in June led to $4 billion economic losses and $3 billion of claims for insurers, according to Aon’s Global Catastrophe Recap report. 11 July 2018
Insurance
AXA Liabilities Managers, an AXA Group company specialising in non-life re/insurance legacy acquisitions, has closed its 18th acquisition on the external market with Cologne-based Gothaer Finanzholding. 11 July 2018
Insurance
Broker Aon has collaborated with property/casualty insurer Chubb and Lloyd’s to develop a standalone terrorism and political violence solution that addresses the demands of an increasingly regulated environment. 10 July 2018
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