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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
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
A new database to help risk managers ensure insurance programs are globally compliant was launched by Airmic at the body’s annual conference in Birmingham this week. 18 June 2014
Insurance
As an increasing number of boards wake up to the realities of cyber risk there will be a flood of buyers keen to take up cyber insurance. That is the view of Stephen Wares, head of Marsh’s cyber practice. 18 June 2014
Insurance
Such is the potential impact of a cyber security breach on a company’s reputation that there is a demand for insurance solutions that provide a raft of extra services to help deal with the consequences of a breach. 18 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
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
Global risks are among the most dangerous an organisation can face, Airmic chief executive John Hurrell has warned. Writing in a report published by the Institute of Directors in co-operation with Airmic, he urged companies to take steps to increase their resilience and adaptability. 18 June 2014
Insurance
Qatar Re will support Pioneer Underwriting on Incidental Syndicate ISN 1980, operated in conjunction with Liberty Syndicate 4472, via a strategic quota share arrangement. 18 June 2014
Insurance
Broker Marsh has appointed Chris Lay as president of its global captive solutions business. He succeeds Michael Cormier, who will continue in his role as chief executive officer of Marsh Risk Consulting. 18 June 2014
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