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Insurance
General insurer Insurance Australia Group (IAG) has purchased an additional reinsurance protection worth A$1 billion ($750 million) against major disasters. 9 June 2017
Insurance
JLT Specialty USA, a subsidiary of Jardine Lloyd Thompson Group, has appointed Mark Purdy as senior vice president to enhance its analytics and consulting practice. 8 June 2017
Insurance
UK insurer Global Aerospace is setting up a EU subsidiary in Paris to make sure it can continue to serve customers after Britain leaves the bloc, Reuters reported June 7. 8 June 2017
Insurance
Re/insurer QBE North America, part of QBE Insurance Group, has signed a small commercial business agreement with San Diego-based Arrowhead General Insurance Agency. 8 June 2017
Insurance
Sapphire Blue, the managing general underwriting company owned by Ryan Specialty Group (RSG), has hired Debra Goldberg as chief underwriting officer. 7 June 2017
Insurance
Investment manager Hudson Structured Capital Management has invested $20.1 million in preferred shares in a reinsurance vehicle that will assume $35.3 million of seasoned workers’ compensation liabilities. 6 June 2017
Insurance
Insurers exposed to UK liability business face big hikes in their reinsurance pricing and continued uncertainty as a result of recent changes made to the personal injury discount rate in the UK despite many having already reported sizable one-off reserve charges in recent result, according to AM Best. 5 June 2017
Insurance
The Association of British Insurers (ABI) has become embroiled in a row with British Airways (BA) over who should foot what could be a hefty bill relating to compensation resulting from the airline’s recent computer systems outage, which affected 75,000 passengers. 5 June 2017
Insurance
UK General, a specialist personal lines managing general agent (MGA), has appointed John Spencer as non-executive chair. 5 June 2017
Alternative Risk Transfer
Re/insurer XL Catlin has announced that it is extending its structured risk solutions underwriting capabilities to the US with the addition of Aiden Joo as senior underwriter in New York. 5 June 2017
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