News
Insurance
Zurich has expanded its Asia-Pacific operations with the appointment of Jack Howell as regional chief executive officer (CEO), effective September 1. 11 August 2016
Insurance
Technology is opening up a world of data that allows insurers to make a much more precise risk assessment of clients. This offers an opportunity for the sector to boost profitability, but its use also comes with some moral dilemmas. Intelligent Insurer reports. 11 August 2016
Insurance
Ironshore’s Pembroke Managing Agency has introduced its ‘Specie Consortium’, a venture supported by 21 Lloyd’s syndicates which offers up to $635 million in capacity for any one risk. 11 August 2016
Insurance
Net profits at Zurich Insurance Group dipped in the second quarter of 2016 thanks to lower realised capital gains and restructuring charges. But company’s operating profits improved markedly and the firm’s chief executive hailed the impact of changes the business has made. 11 August 2016
Insurance
Global Risk Partners (GRP), an investment vehicle targeted at brokers and managing general agents, has acquired commercial and personal insurance broker, BB Insure. 8 August 2016
Insurance
Enstar, a Bermuda-based holding company focussed on acquiring re/insurance companies in run-off, experienced substantial growth in the second quarter of 2016, largely attributed to acquisitions and reinsurance transactions it has made in the last year. 8 August 2016
Insurance
While Berkshire Hathaway’s primary insurance businesses experienced substantial growth in the second quarter of 2016 its reinsurance businesses shrank, the company blaming high capacity and intense competition in the sector. 8 August 2016
Insurance
R&Q Commercial Risk Services (CRS), part of R&Q’s managing general agent (MGA), has increased its total underwriting capacity to £15 million as part of a long term capacity agreement to secure more business with small and medium-sized enterprises (SMEs). 8 August 2016
Insurance
The Florida Office of Insurance Regulation (Office), Florida Department of Financial Services (DFS), and the Florida Office of the Attorney General (AG) have signed a national life claims settlement concerning the one-sided use of the Social Security Administration’s Death Master File (DMF) to stop paying a deceased person’s annuity. 5 August 2016
Insurance
Private capital plays a vital role in the capital structure of Lloyd’s and will continue to do so in the market’s plans for the future set out in Vision 2025 but the way it is provided to managing agents needs to adapt. 4 August 2016
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