Articles
Insurance
Legal expenses insurer Elite Insurance said July 5 that it is ceasing to write new business. Elite offered legal expenses insurance, professional indemnity insurance and general insurance. 5 July 2017
News
Germany-based Munich Re has appointed Maximilian Zimmerer to its supervisory board, succeeding Peter Gruss who has resigned from the position with effect from June 30, 2017. 5 July 2017
Insurance
Stephen Catlin, the founder of Catlin, and the UK’s Prudential Regulation Authority (PRA) warned insurers over their cyber risk exposures. 5 July 2017
News
Swiss Re has appointed Christian Kreutzer as head market underwriting for Austria, Central and Eastern Europe (CEE). He will be based in Munich. 5 July 2017
Insurance
Zurich Insurance has appointed Sierra Signorelli as new chief underwriting officer (CUO) of commercial insurance. 5 July 2017
Insurance
Marine insurance provider Skuld has appointed Simone Ingeberg as the new head of Skuld Oslo 1, the larger of its two Oslo business units. 5 July 2017
Insurance
Global insurance premiums increased by 3.1 percent in real terms in 2016, down from 4.3 percent growth in 2015, according to the latest Swiss Re Institute's sigma report. 5 July 2017
Insurance
Traditional insurers are too slow to react to trends in the sector and managing general agents (MGA’s) may be able to adapt more quickly and efficiently, offering the necessary expertise and potentially making the insurer’s underwriting capabilities become obsolete, according to a panel discussion at the 2017 Managing General Agents’ Association conference. 5 July 2017
Insurance
Liberty Specialty Markets (LSM), part of the Liberty Mutual Insurance Group, has officially announced that it intends to headquarter its post-Brexit EU operations in Luxembourg. 4 July 2017
Insurance
The recent ‘WannaCry’ ransomware virus attack was heralded as a wake-up call for businesses concerned about their cyber security but has failed to boost demand for insurance, according to communications consultancy group FWD. 3 July 2017
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