The insurance sector is concerned that continuing global rises in temperature could make it increasingly difficult to offer affordable financial protection, according to Insurance Europe, a representative body for 34 national insurance associations.
AXIS Insurance, a subsidiary of AXIS Capital, has appointed Tracy Harrington Cloud as senior vice president, international distribution and broker management.
Asta, a managing agent at Lloyd’s, has received "in principle" approval from the Lloyd’s Franchise Board to establish and manage Verto Quota Share Syndicate 2689.
Insured losses stemming from Hurricane Matthew will be between $1.5 billion and $5 billion for the US, and between $1 billion and $3 billion for the Caribbean, according to estimates by RMS.
PartnerRe has taken an important step to boost its life and health footprint by acquiring Aurigen, a North American life reinsurance company.
Ironshore International has developed the language capabilities of its mergers & acquisitions (M&A) unit with insurance documents provided in Mandarin.
Bermuda-based Somerset Reinsurance has increased its common share capitalization to $375 million having secured investments from three strategic investors including Hannover Re and a diverse group of high net worth investors.
JLT Re has appointed Graeme Harley as managing director at PT JLT Re Indonesia.
After eight years of good earnings, profitability is expected to plummet in 2016 for the UK home insurance market with the sector posting a net combined ratio of 99 percent, according to an EY analysis.
Arcus Syndicate 1856 has appointed Katie Higgon as an underwriter.