The organisation said the president and CEO of the eponymous modelling company was a “game changer” for the reinsurance industry, and a driving force behind the cat bond market.
AM Best has revised Pennsylvania-based Aegis Security Insurance’s financial strength rating (FSR) to A- from A, and placed the company under review with negative implications.
Masiello currently serves as executive vice president and chief operating officer for SIAA, whose members comprise approximately 13 percent of all independent insurance agencies in the US.
Direct written premiums for US homeowners’ insurance could hit $96bn in 2018, given rate activity through September of this year, according to an Aon Reinsurance Solutions report.
Lazar will manage a team of underwriters focused on the primary casualty large account marketplace out of the Everest west region offices in Los Angeles.
In this new role, Vasquez will oversee Chubb’s $4bn personal accident and supplemental health insurance business worldwide, including operations of combined insurance.
The impact of Hurricane Michael on the state has led to Florida’s Office of Insurance Regulation to push back rate changes scheduled to take effect on or after 7 October to 7 January 2019.
JLT is witnessing upwards pricing movement in the aviation insurance market as the sector moves into its busiest time of the year during the final quarter renewal season.
The spike occurred after this publication reported Maiden’s board had retained Bank of America Merrill Lynch to run a formal sales process for the company.