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Insurance
Xchanging, the business process, procurement and technology services provider, has appointed Chirag Shah, formerly chairman of the recently acquired eSourcing company MM4, as executive director of Xchanging Procurement. 9 July 2014
Insurance
RFIB Group, a Lloyd’s re/insurance broker, has appointed Richard Dyke as operations manager of its non-marine international division. 9 July 2014
Alternative Risk Transfer
The insurance-linked securities (ILS) market has seen records smashed as cedants secured $4.5 billion of catastrophe bond coverage in the second quarter of 2014. 9 July 2014
Insurance
NN Group has appointed Robin Spencer, formerly of Aviva, as chief executive officer (CEO) international insurance. 8 July 2014
News
Cooper Gay and Newman Martin and Buchan (NMB) have appointed a new chief executive of the firms’ combined reinsurance business following the resignation of the previous CEO. 8 July 2014
Insurance
Infinity Agency, the specialist high net worth motor underwriting agency, has appointed Tony Clayton, Shaun Grainger and Mike Staines as business development managers. 8 July 2014
News
Guy Carpenter is the latest authority to confirm softening in the reinsurance market, as it reported that “market pressures at July 1 renewals continued to drive price decreases across virtually all geographies and lines of business, many in the double digit range.” 8 July 2014
Insurance
Walsh PI, the adjusting division of Triton Global, a commercial claims organisation, has been rebranded as Triton Adjusting. 8 July 2014
Insurance
An EU-wide compulsory environmental liability insurance system would not benefit customers and so should not be introduced, according to Insurance Europe, the European insurance and reinsurance federation. 7 July 2014
Insurance
XL Group’s insurance operation in Iberia has made two appointments as the group seeks to strengthen its financial lines capabilities. 7 July 2014
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