Articles

Insurance

AM Best revises outlook for Lloyd’s; warns on competitive pressures

Rating agency AM Best has adjusted the financial strength rating of Lloyd’s from positive to stable on the back of what it described as pressure on Lloyd’s competitive position and prospective financial performance in an increasingly difficult operating environment.   21 July 2016

Insurance

Willis hires former Prudential man for Solvency II offering

Willis Towers Watson, a broker and advisory firm, has appointed Matthew Ford to the position of director, where he will lead the London life consulting practice focussing on Solvency II implementation and capital management.   21 July 2016

Alternative Risk Transfer

Battening down the hatches

With the hurricane season having started, the ILS market needs to be as prepared as possible for the winds to blow. Bill Dubinsky, managing director, head of insurance-linked securities at Willis Capital Markets & Advisory, takes a look.   21 July 2016

Insurance

Insurers hit by a third of cat losses total in Q2 2016: Aon

There were at least six separate billion-dollar global insured catastrophes, five of which were weather-related, throughout the first half of the year, where insurers were liable for 30 percent of the loss total, Aon Benfield reports.   21 July 2016

Insurance

Adapt and prosper

London’s insurance market was born from innovation. But in a fast-moving world is it doing enough to stave off complacency? Intelligent Insurer reports.   20 July 2016

Insurance

ANV Global appoints former XL Catlin financial institutions underwriter

ANV Global Services, an international managing general underwriter (MGU) of specialty insurer, ANV, has appointed Simon Fragiacomo as its professional lines underwriter.   20 July 2016

Insurance

Smaller firms more vulnerable to cyber threat, claims Beazley

There has been a sharp increase in hacking and malware attacks on financial institutions in the first six months of 2016, particularly on institutions with revenues below $35 million, Beazley has said in a report.   20 July 2016

Insurance

Castel appoints binding authority manager

Castel Underwriting Agencies (Castel), a managing general agent (MGA) formation platform, has appointed Mark Sambridge as binding authority manager.   20 July 2016

Insurance

PwC UK insurance tax market leader steps down; successor named

PwC, a provider of industry-focused assurance, tax and advisory services, has appointed Lindsay J’afari-Pak as its UK insurance tax market leader, effective immediately.   20 July 2016

Insurance

Many Lloyd’s contracts woefully inadequate on cyber wording

An analysis of almost 400 reinsurance contracts underwritten at Lloyd’s of London has proven that there could be potentially significant vulnerabilities and exposures if a catastrophic cyber-attack was to occur.   19 July 2016

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