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.
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.
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.
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.
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.
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.
Re/insurer XL Catlin has appointed Isa Ennadifi as senior underwriter in the structured risk solutions (SRS) team, based in London.
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.
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, the global risk management business of Aon, has appointed Jenna Pettinelli as vice president and property broker in the company’s Philadelphia, Pennsylvania office.