Australia’s re/insurer QBE said on Aug. 17 that the company’s CEO of emerging markets David Fried is stepping down after the operations reported disappointing underwriting results in the first half of 2017.
Hong Kong is losing insurance business to Singapore, but the local authorities are implementing an action plan to strengthen its position as Asia’s insurance hub.
Global insured and economic losses declined year on year in the first half of 2017, according to preliminary sigma estimates.
Re/insurer XL Catlin has appointed Louise Piper as UK client and distribution director.
Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has created a global contingency and sports personal accident (PA) team, and appointed Jonathan Cole to head up the unit.
Insurance broker and risk consultant JLT Specialty London has appointed Emilie Walsh as head of environmental, based within its specialty property and casualty team.
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Jennifer Wilson as an underwriter in its global financial risks team in London.
Lloyd's coverholder Pulse Insurance, a specialist provider of non-standard and impaired life cover, has launched its new specialty unit in London.
Property/casualty insurer Chubb has named Liz Daly senior vice president and house counsel manager for its North America claims organisation.
Broker Willis Towers Watson has appointed Spencer Fields as the Kansas City office leader.