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UK insurance industry outraged by “crazy” Lord Chancellor discount rate move

UK27-02-2017Insurance news

The UK insurance industry has expressed its concern over the Lord Chancellor’s decision to change the Ogden discount rate to -0.75 percent from 2.5 percent.

Guardian CEO resigns from Arch Capital board

Bermuda27-02-2017Insurance news, Reinsurance news

Deanna Mulligan, the CEO of Guardian Life Insurance Company of America, has stepped down from the board of directors of Arch Capital Group.

Berkshire boosts 2016 premiums to become one of the world’s leading P&C insurers

North America27-02-2017Insurance news, Specialty

Berkshire Hathaway Specialty Insurance boosted premium volumes by 40 percent in 2016 to $1.3 billion.

QBE appoints Aviva Europe CEO as group chief operations officer


QBE Insurance Group has appointed David McMillan as group chief operations officer, and Victor Walter as deputy group chief financial officer (CFO).

Neon expands property team with two hires

London, UK27-02-2017Insurance news

Specialist Lloyd's insurer Neon has expanded its property insurance team with the appointment of Sam Yates and Jonathan Powell.

Ryan Specialty Group acquires marine MGA Trident

Europe, North America27-02-2017Insurance news, Specialty

Ryan Specialty Group (RSG) Underwriting Managers has signed an agreement to acquire specialty marine managing general agency (MGA) Trident Marine Managers.

QBE CEO relationship with personal assistant costs him A$0.5m

Asia Pacific27-02-2017Insurance news

QBE group CEO John Neal has lost over A$550,000 ($422.500) in pay due to a delay in notifying his board that he was involved in a relationship with his personal assistant, the company confirmed to Intelligent Insurer.

Argo Group enters underwriting agreement with MUA

Bermuda27-02-2017Insurance news, Reinsurance news

Bermuda-based specialty re/insurer Argo Group has partnered with Marine Underwriters of America (MUA), to underwrite a suite of physical damage and liability products for recreational marine businesses.

Bluefin expands presence in England with new hire

UK27-02-2017Insurance news

Bluefin Underwriting, the managing general agent (MGA) arm of Bluefin, has boosted its presence in the North East with the appointment of a new broker development manager Ian Chapman to cover the Yorkshire and North East of England region.

Asta invests in new reinsurance MGA Arma Underwriting

EMEA, London27-02-2017Insurance news, Reinsurance news

Asta, a third-party managing agent at Lloyd's, has announced its investment in a new London and Dubai reinsurance managing general agency (MGA) Arma Underwriting.

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