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American International Group (AIG) has said it anticipates that the recent decision by the UK Ministry of Justice to reduce the discount rate applied to lump-sum bodily injury payouts, known as the Ogden rate, will cost it some $100 million in its first quarter of 2017. 20 April 2017
Insurance
XL Catlin's insurance operation has appointed Nancy Bewlay as global chief underwriting officer (CUO) of casualty with effect from April 17. 11 April 2017
Insurance
Property/casualty insurer Chubb has appointed Ana Robic to the position of chief operating officer (COO), North America personal risk services. 11 April 2017
Insurance
US-based Argo Surety, a subsidiary of specialty re/insurer Argo Group, has appointed James Bluzard as central region vice president for contract surety. 11 April 2017
News
Bermuda-based Third Point Reinsurance has appointed David Govrin to the position of executive vice president, underwriting for its US subsidiary. 11 April 2017
Insurance
Signal Administration, a workers’ compensation mutual manager which is part of Charles Taylor company, has hired a former vice president from Willis Re as chief underwriting officer. 11 April 2017
Insurance
Aspen American Insurance Company, a subsidiary of Bermuda-based Aspen Insurance Holdings, has formed a strategic alliance with US Risk to offer a specialty insurance product for the marine industry in the US. 11 April 2017
Insurance
Re/insurer QBE North America, part of QBE Insurance Group, has appointed John Beckman as chief underwriting officer. He will also serve as a member of the QBE North America executive management board and chair of the North America underwriting committee. 11 April 2017
Insurance
Bermuda-based re/insurer Sompo International has appointed Victor Sordillo as senior vice president and loss control leader. 11 April 2017
Awards
Ireland is the most attractive location for insurers seeking to create a unit within the EU to retain access to the common market after the Brexit vote, according to a survey conducted by Intelligent Insurer. 5 April 2017
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