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Insurance
Allied World Assurance Company Holdings has appointed Marc Berner as vice president of public and private financial institutions, directors and officers (D&O), effectively immediately. 29 June 2016
Insurance
AIG Europe has entered into an agreement with Ascot Underwriting and other partners to launch a joint venture to serve UK’s high net worth (HNW) insurance market. 29 June 2016
Alternative Risk Transfer
Lloyd’s chief executive officer Inga Beale believes that Lloyd’s and the London insurance market will adapt to the new environment after the UK has officially left the EU and that London can maintain its position as the global heart of specialist insurance and reinsurance. 28 June 2016
Insurance
The UK’s decision to exit from the EU will have little immediate impact for re/insurers domiciled in both the UK and in EU member states from a US insurance regulatory perspective, according to Thomas Dawson, a New York-based partner at transatlantic law firm Drinker Biddle. 28 June 2016
Insurance
Germany’s Talanx, the majority shareholder of Hannover Re, wants to continue expanding in the UK despite the country’s expected exit from the European Union. 28 June 2016
Insurance
Gibraltar may have to reposition itself as a consequence of the UK leaving the European Union as insurers writing EU business will likely consider relocating into the EU, according to law firm Hassans. But the firm has also noted that the situation could make Gibraltar more attractive for captives. 27 June 2016
Insurance
Following on from the UK’s vote to leave the European Union, the Reinsurance Association of America (RAA) has stated its belief that in this time of uncertainty, the stabilising benefits that global re/insurance markets bring to communities are more important than ever. 27 June 2016
Insurance
Markel International Spain has restructured its underwriting department creating two main business areas: personal accident and liability. 27 June 2016
Insurance
The CEO of the Bermuda Business Development Agency (BDA), Ross Webber, has said that that while Bermuda will be affected by the UK’s decision to leave the EU, it remains well placed to work with business partners from both jurisdictions in the future. 24 June 2016
Insurance
Bermuda’s Association of Bermuda Insurers and Reinsurers (ABIR) has moved to stress that the island will continue to benefit from Solvency II equivalence despite the UK’s exit from the EU but noted that some of its members will review their corporate structures in light of the move. 24 June 2016
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