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Insurance
Lloyd’s chief risk officer & general counsel, Sean McGovern says that the UK remaining in the EU is in the best interests of the market. 30 May 2014
News
Hiscox Re has appointed Mike Krefta as chief underwriting officer, to lead its underwriting teams in London, Bermuda and Paris. 30 May 2014
Insurance
The AA has appointed Janet Connor, currently managing director of More Than, part of the RSA group, as managing director of AA Insurance. 30 May 2014
Insurance
The rise in interest rates has led to stabilised ratings for insurers in the US, but risks for reinsurers continue to heighten. 30 May 2014
Insurance
ING has completed the issuance of €1.1 billion in subordinated notes that will, in line with the completion of the intended IPO of NN Group, be exchanged into NN Group, its European insurance unit, shares. 30 May 2014
Insurance
John Bennett, formerly chief executive officer (CEO) of the combined London operations of Howden and Windsor, has decided to retire from his full time role with Howden after more than 30 years in the industry. 29 May 2014
Insurance
Willis Group, the global risk adviser, insurance and reinsurance broker, has completed its acquisition of specialist broker Charles Monat. 29 May 2014
Alternative Risk Transfer
The use of data in industry-loss-based risk transfer provided by PERILS has increased by seven percent, with 68 percent and 32 percent respectively relating to cat bonds and private transactions. 29 May 2014
Insurance
Mitsui Sumitomo Insurance Group’s Lloyd’s operation has appointed Avraam Avraam, formerly of QBE, to the newly created role of class underwriter for the company’s growing healthcare class. 29 May 2014
Insurance
Increased concerns about the vulnerability of trading partners, as well as rate reductions averaging 20 percent, are contributing to growing demand for trade credit insurance, particularly among large UK corporates. 29 May 2014
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