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Insurers’ Brexit preparations gain momentum

Europe, UK29-03-2017Insurance news, Reinsurance news

As UK’s Prime Minister Theresa May signs the letter that will formally begin the UK's departure from the European Union, the insurance industry is expected to accelerate its plans to adapt their business and move operations in order to be able to service their clients within the European Union.

First insurer launched in US providing run-off portfolio transfer

North America29-03-2017Insurance news

ProTucket Insurance Company has been launched in the US for providing run-off portfolio transfer solutions, the first of its kind in the US, according to the company.

Catastrophe declared for severe tropical Cyclone Debbie in Australia

Asia Pacific28-03-2017Insurance news, Reinsurance news

The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by Category 4 severe tropical Cyclone Debbie, which made landfall today (March 28) in Queensland, Australia.

Losses from natural catastrophes and disaster spike in 2016

Asia Pacific, Europe, North America28-03-2017Insurance news, Property cat, Reinsurance news

Global 2016 losses from disasters, both economic and insured, were the highest since 2012 and reversed the downtrend of the last four years, according to a new Swiss Re Sigma report.

Integro hires Marsh exec for North America and UK role

North America, UK28-03-2017Insurance news

Brokerage and risk management firm Integro Insurance Brokers has appointed Kevin Rabinowitz as head of placement strategy and carrier engagement for the firm's operations in North America and the UK.

LeStrange replaced by another Endurance co-founder on Orchid Underwriters' board

Bermuda, North America28-03-2017Insurance news

Former Endurance CEO Ken LeStrange retired as the chairman of US-based Orchid Underwriters' board of directors, the company said. He will be replaced by Steven Carlsen, who was also a founding member of Bermuda-based Endurance Specialty Holding.

XL Catlin bolsters structured risk solutions with new hire from SCOR

Europe28-03-2017Insurance news, Reinsurance news

Re/insurer XL Catlin has appointed Isa Ennadifi as senior underwriter in the structured risk solutions (SRS) team, based in London.

Pool Re boosts risk analysis capability with new hire

UK28-03-2017Reinsurance news

Pool Re, a mutual reinsurer that provides terrorism cover for commercial property in the UK, has appointed Andrew Sean Donaldson as deputy head of risk analysis.

Risk Strategies acquires Terrell Insurance

North America28-03-2017Insurance news

US insurance broker Risk Strategies has acquired Terrell Insurance to expand its Dallas operations, less than a year after entering the Texas market.

Aon Risk Solutions appoints senior property broker in US

North America28-03-2017Insurance news

Aon Risk Solutions, the global risk management business of Aon, has appointed Jenna Pettinelli as vice president and property broker in the company’s Philadelphia, Pennsylvania office.

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