Gen Re's aviation unit has said John Brogan will replace David McKay as president and CEO of its United States Aviation Underwriters (USAU) unit when the latter retires next year
Former Liberty Mutual executive John Peters has joined Lloyd's-backed peer-to-peer insurer Lemonade as its chief underwriting officer (CUO), and described the technology-driven enterprise as "the place to lead transformational change"
US insurers will pay $6.95bn to cover damage from Hurricane Matthew, which battered Caribbean islands and the southeastern US last week, according to Karen Clark & Co
Catalina Holdings UK has completed its acquisition of AGF Insurance Limited from a subsidiary of Allianz SE, following approval from the Prudential Regulation Authority, it announced today
Emerging economies are expected to outperform advanced markets in terms of non-life premium growth over the next five years, according to a report by JLT Re
The Florida Office of Insurance Regulation has granted final approval to an average state-wide increase of 14.5 percent for workers' compensation policies
Reinsurers affected by Hurricane Matthew could see pre-tax profits fall by around 95 percent on average if the storm hits as a 1-in-50-year event, according to Standard & Poor's (S&P).
Everest Re and RenaissanceRe are the most exposed carriers to Hurricane Matthew in the Florida reinsurance market, according to equities analysts at Macquarie
Sompo Holdings' merger agreement to buy Endurance for $6.3bn includes a break fee of $204.9mn, according to a US Securities and Exchange Commission filing that Endurance released yesterday
Only a quarter of senior executives operating in the UK general, life and health insurance markets believe that operating in accordance with Solvency II regulations is the best way to run their business, according to Grant Thornton UK.
Property insurers will absorb losses of EUR34mn ($38.2mn) from the 6.2 magnitude earthquake that struck central Italy on 24 August, according to an initial estimate from catastrophe data provider Perils.
Category 4-strength Hurricane Matthew made landfall in Haiti today at 11am GMT, according to the National Hurricane Center (NHC), with the forecast path moving somewhat to the west towards Florida.
The Autorité de contrôle prudentiel et de résolution (ACPR) and the Autorité des marchés financiers (AMF) have pledged to simplify and speed up licensing procedures for UK-based firms that want to set up operations in France
CFO Fry to leave Novae; Argo launches cyber division; CEOs considering moving operations: KPMG; Moody's upgrades Scor; Everest Re appoints; Aspen Re promotes; China Re profits plunge; Jubilee losses covered; R&Q splashes out on acquisition; Arch launches share offering; The Hanover makes senior hire; Yahoo accounts hit by hack; Aspen takes on LSM regional P&C business; Fuhrman leaves CRC; Rockhill to rebuild E&S property platform.
Rating agency Moody's has upgraded its insurance financial strength rating for Scor from A1 to Aa3 with a stable outlook, it announced on Friday (23 September).
Legacy-to-live carrier Randall & Quilter (R&Q) has completed the acquisition of United States Sports Insurance Company (USSIC), a wholly owned captive insurer of USA Swimming, for $2.1mn, it announced today.
The US Federal Emergency Management Agency (Fema) has agreed to buy a small amount of reinsurance as it prepares to set up a larger risk transfer programme in 2017
Asta has announced that it has received in-principle approval from the Lloyd's Franchise Board to establish and manage Blenheim Syndicate 5886, confirming a story published by The Insurance Insider yesterday.
Several (re)insurance associations have reiterated their support for upcoming talks between the US Treasury and the European Union over a covered agreement.
FM Global has created two new units as it looks to improve cyber risk mitigation for its clients and improve its own underwriting, the company said today.
Cyber now an ‘executive responsibility': Lloyd's; QFC to relocate; Hermine loss below $400mn: RMS; CPPIB takes further Enstar stake; Lloyd's Malaysia set for Q1 2017; Six reinsurers to enter India: Irdai; Neon hires M&A tax expert; Beazley French aviation hire; Sompo Canopius adds to A&H team; Lloyd's unveils Oasis deal; Advent taps Beazley for trio; CFC names claims director; Gable to remain on AIM; CNA hires; Marsh bolsters Houston energy practice.
Nicolas Aubert has highlighted the importance of an active and supportive regulatory system ahead of the UK government's Brexit negotiations, in comments that appeared to contradict calls for post-Brexit deregulation by Lloyd's chairman John Nelson.
Lloyd's and the Lloyd's Market Association (LMA) have unveiled a deal with US hurricane model provider Applied Research Associates to make its HurLoss model available on a shared services basis using the Oasis framework
XL Catlin has entered into a definitive agreement to acquire Brooklyn Underwriting, an Australian underwriting agency and Lloyd's approved coverholder, it announced today
The London Market Group (LMG) will finish its research into developing a brand strategy for the London insurance industry by the end of the year, CEO Benedict Reid told The Insurance Insider
Chris Beazley, head of global clients for reinsurance at Amlin, is set to become the next CEO of the London Market Group (LMG), The Insurance Insider can reveal.
Catastrophe risk modelling firm AIR Worldwide has expanded the capabilities of its terrorism risk model to support scenario testing for 27 more countries.
Cooper Gay has appointed Simon Hirst-Marsden as head of energy technical upstream and Tony Rastall as divisional director of energy specialising in onshore construction risks
Reserve releases played a significant role in helping reinsurers make a profit for the first half of 2016, according to a reinsurance market report from Willis Re
Brett joins MS Amlin as aviation chief; Istmo Re downgraded; AIG offloads PICC stake; Sartawi promoted to Aon Benfield Middle East head; Axa Belgium mulls 650 job losses; Integro acquires...
The UK's Prudential Regulation Authority (PRA) has admitted that parts of the Senior Insurance Managers Regime (SIMR) are not yet in place even though it has now passed its own summer deadline
The British Insurance Brokers' Association (Biba) is now looking at a September start for its flood insurance initiative for UK businesses and property owners
Lloyd's chairman John Nelson has called on the UK government to look carefully at the extent of regulatory oversight as it looks for ways to maintain competitiveness in the wake of the impending Brexit.
Lancashire's Lloyd's managing agent Cathedral has appointed John Spence and Jon Barnes as active underwriters for syndicates 3010 and 2010, it announced today
Swiss Re Corporate Solutions has received the go-ahead from Hong Kong authorities to commence general insurance business in the region, it announced today
The earthquake that struck central Italy last week (24 August) is unlikely to have a large effect on the country's insurance industry, according to AM Best
An analysis of financial returns from Prudential Regulation Authority-registered insurers has uncovered a significant amount of variation in UK carriers' performance over the past five years
The next US president should prioritise a trade deal with the UK that resembles the North American Free Trade Agreement (Nafta), according to Marsh & McLennan Companies CEO Dan Glaser.
The Prudential Regulation Authority (PRA)'s proposals to monitor "model drift" question the raison d'être of internal models, according to the Association of British Insurers (ABI).
The Placing Platform Limited (PPL) board and market governance groups have agreed that marine will be the next class of business to use the technology following the rollout of financial and professional (finpro) lines.
Financial services firm Perella Weinberg Partners has hired Morgan Stanley executive director Mauro Rossi as managing director in its advisory business, it announced yesterday.
Shares in UK motor specialist Admiral fell more than 8 percent in early trading this morning, despite the carrier reporting a 3.9 percent increase in its first-half group pre-tax profits to £193.3mn ($250.3mn).
Hyperion Insurance Group will partner with German retail broker Euroassekuranz Versicherungsmakler to target mid-market clients in the country, it announced yesterday.
CNO Financial Group reinsurance provider Beechwood Re has declared it has minimal exposure to Platinum Partners, a hedge fund under investigation by the US Securities and Exchange Commission and the Department of Justice.
Most carriers are unlikely to contract out of parts or all of the Insurance Act that came into force in the UK on Friday (12 August), according to Richard Breavington, partner at law firm RPC.
Ireland is calling attention to itself as an attractive alternative jurisdiction for insurance companies wanting to passport into the European Union (EU) following the UK's vote to leave the bloc.
Private insurers have now paid out more than NZ$18bn ($13bn) to settle claims from the Canterbury earthquakes of 2010 and 2011, according to the Insurance Council of New Zealand (ICNZ).
Plans to publish draft regulations for a UK insurance-linked securities (ILS) regulatory framework have been pushed back, The Insurance Insider has learned.
The Norwegian Hull Club and General Insurance Corporation of India (GIC Re) have become the two newest members of the International Underwriting Association (IUA), taking the number of member firms to 49.
The China Insurance Regulatory Commission (CIRC) has asked insurance companies in the country to examine their risks and strengthen risk controls amid growing concerns about their investments, according to local media reports.
Analysts welcomed signs of progress on American International Group (AIG)'s turnaround plans as the insurer beat Wall Street consensus forecasts in its second quarter results released yesterday
Claims and insurance tax calculations are contenders to be the next focus of the Target Operating Model (Tom), according to Lloyd's director of operations Shirine Khoury-Haq.
Loss adjusting and risk management services company Cunningham Lindsey has appointed Harry Patel as global chief operating officer effectively immediately, it announced today.
Lloyd's has confirmed that the launch of its index is to be postponed, two months after the Corporation's chairman John Nelson said it was behind schedule
The British Insurance Brokers' Association (Biba) has issued a candid warning about the challenges that will face the insurance industry if the UK loses its EU passporting rights
The China Insurance Regulatory Commission (CIRC) has called on the International Association of Insurance Supervisors (IAIS) to take an unhurried approach to creating a global insurance capital standard
XL Catlin completes domicile move; AmTrust acquires MGA; Beazley commits to Singapore; CIRC: Insurers are not ATMs; Dima makes appointments; JLT Re buys in Peru; Brit signs SA deal; Berkshire Hathaway departure; South to head Marsh US; Atkin to Amwins; Admin Re partial sale; BHSI enters Australian cyber; Euclid partners with AGCS and Swiss Re; H1 nat cats highest since 2011; Horace Mann set for P&C loss; FCA starts tender process; Suncorp hires
Beazley has expressed confidence in its Singapore operation as Atrium's decision to exit Lloyd's Asia earlier this week placed the platform's performance in the spotlight
Irish insurance trade body the Dublin International Insurance & Management Association (Dima) has appointed Eddy Van Cutsem as interim CEO, it announced yesterday
Swiss Re Corporate Solutions and Allianz Global Corporate & Specialty (AGCS) have entered into an agreement with a subsidiary of Euclid Insurance Services to offer transactional insurance coverage