News
Insurance
Specialty re/insurer Brit has hired Christopher Ballantyne to join its claims team in the newly created role of vice president of delegated claim authority. 7 February 2018
Insurance
Aspen Insurance's chief executive officer Stephen Postlewhite is leaving the business with immediate effect, according to a Jan. 26 press release. 29 January 2018
Insurance
The private US property/casualty (P&C) insurance industry saw its net income after taxes decline 30.3 percent year on year to $22.4 billion in the first nine months of 2017, according to data provider ISO and the Property Casualty Insurers Association of America (PCI). 29 January 2018
Insurance
Lloyd's underwriting syndicate Probitas 1492 has opened a regional office in Mexico City to serve the Latin American markets. 29 January 2018
Alternative Risk Transfer
PGGM, the Dutch pension fund manager overseeing assets of nearly €200 billion ($248 billion), is looking to increase its allocation to insurance-linked securities (ILS), according to a Jan. 26 Reuters report. 29 January 2018
Insurance
Blockchain technology could reduce re/insurer’s administrative costs by up to 30 percent by making transactions faster and more efficient, according to Ken Marke, director for strategy and business development at Ageas Group and chief marketing officer of B3i. 29 January 2018
Insurance
Bermuda-based life reinsurance specialist Scottish Re Group has started the implementation of a sale and restructuring plan for its Cayman Islands subsidiary, Scottish Annuity & Life Insurance Company (SALIC), and its US subsidiary, Scottish Holdings (SHI). 29 January 2018
Insurance
Chubb has made changes within its senior leadership team following a strategic cooperation agreement with PICC Property & Casualty Company of China. 29 January 2018
Insurance
Lloyd’s chief financial officer has mooted the idea that brokers should reduce the commission they make on business placed in the market as a way of reducing the overall cost of using Lloyd’s. 26 January 2018
Insurance
The recent US tax change and the significant natural catastrophe losses that hit the market in 2017 are expected to trigger consolidation in the re/insurance sector with a particular focus on Bermuda. 26 January 2018
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