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Insurance
Australian financial services firm AMP said on Aug. 10 that it completed a reinsurance program with Munich Reinsurance Company of Australasia (Munich Re) and General Reinsurance Life Australia (Gen Re). 11 August 2017
Insurance
Re/insurer QBE has appointed Chris Kurinsky as CEO of QBE Insurance (Malaysia) Berhad. 11 August 2017
Insurance
The Schinnerer Group, underwriting managers of specialty insurance programmes, has entered into an agreement to acquire US-based International Catastrophe Insurance Managers (ICAT), an underwriter at Lloyd's, from the Paraline Group. 11 August 2017
Alternative Risk Transfer
Forecasters are predicting a higher likelihood of an above-normal hurricane season for 2017, and they increased the predicted number of named storms and major hurricanes, according to the National Oceanic and Atmospheric Administration (NOAA). 11 August 2017
Insurance
Alesco Risk Management Services, a specialist insurance and risk management broker, is expanded its energy division with the appointment of Bob Choppen, formerly deputy managing director of energy at Willis Towers Watson. 11 August 2017
Insurance
Specialty insurance holding Navigators Group has promoted Patrick Milner to president of NavTech, succeeding Stephen Coward, who retired at the end of July after more than 15 years with the company. 11 August 2017
Insurance
Demand for general insurance in the UK is set to weaken as household disposable income declines, according to the latest EY ITEM Club outlook for financial services. 11 August 2017
Insurance
India’s state reinsurer GIC Re which is planning to float on the stock exchange wants to grow the reinsurance business outside India to reach around 50 percent of its total gross premiums from currently 30.53 percent. 10 August 2017
Insurance
Agency captives can offer agents and brokers the opportunity to earn underwriting profits previously retained by the insurance carrier, and align the interests of the agent and carrier regarding risk selection, pricing and loss control. 10 August 2017
Insurance
Since the introduction of the first captive bill in 1981, captive insurance has played an important role in supporting economic growth in the state of Vermont. 10 August 2017
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