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Insurance
UK-based insurance and telecoms services company Quindell Technologies said it will split founder Robert Terry’s executive chairman role as part of the board’s succession planning. 19 June 2014
Insurance
Ultimate Risk Solutions has appointed Riccardo Nicolini as managing director responsible for the company's operations in Europe and Latin America. 19 June 2014
Alternative Risk Transfer
Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, has launched a new client facility which it said will offer “cedants faster and more efficient access to capital markets capacity for catastrophe risk.” 19 June 2014
News
Rating agency Moody’s has lowered its outlook on the global reinsurance sector to negative, citing an oversupply of capacity, new entrants in the form of non-traditional capital, more substitute products, low interest rates, and greater bargaining power of buyers. 19 June 2014
Insurance
Delegated underwriting agency Prestige Underwriting has appointed Ant Sherlock as head of Great Britain (GB) sales and distribution. 19 June 2014
Insurance
Lack of innovation is the biggest complaint that risk managers have about the insurance industry according to the latest annual poll of Airmic members. It was chosen by 26 percent of those who took part when asked which of 15 aspects of the market most concerned them. 18 June 2014
Insurance
Dual, the underwriting arm of Hyperion Insurance, has appointed Andy Elston, formerly a director at Co-operative Group, as chief financial officer (CFO), Dual Group. 18 June 2014
Insurance
A major message of this year’s Airmic conference has been the need for innovation within the insurance industry. However, the view of John Durkin, AJG’s chair of UK retail, is that there is currently innovation within the industry as insurers strive to meet clients’ needs. 18 June 2014
Insurance
As a growing number of SMEs become multinational and invest abroad, there is a corresponding demand for global insurance solutions for the smaller players, which have certain differences in their needs compared to the large multinationals. 18 June 2014
Insurance
A comprehensive Insurance Efficacy guide to help Airmic members purchase the best possible cover for their organisations was launched yesterday (Tuesday June 17) at this year’s Airmic conference in Birmingham. 18 June 2014
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