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Insurers ready for European cyber boom
Insurance
New regulations set to be introduced in Europe will boost demand for cyber insurance, and insurers which have already been operating in this space on the other side of the Atlantic look best placed to truly capitalise. Intelligent Insurer reports.   8 July 2016
Insurance
The economic cost of floods globally will reach some $5 billion but insurance losses are expected to be low, according to Impact Forecasting, Aon Benfield’s catastrophe model development team, which has released its monthly global catastrophe recap report, which evaluates the impact of the natural disaster events that occurred worldwide during June 2016.   7 July 2016
Insurance
Broker Cooper Gay has appointed Kieran Angelini-Hurll, a former Miller executive, as chief executive officer (CEO) of its reinsurance division.   7 July 2016
Insurance
Specialist Lloyd’s insurer Neon has selected TigerRisk Partners’ TigerEye platform as its pricing and roll-up tool to support its growth in the property reinsurance marketplace.   7 July 2016
Insurance
The Managing General Agents’ Association (MGAA) has published a guide for its managing general agent (MGA) members providing practical advice and information on the implementation of the Insurance Act at their annual conference in London.   7 July 2016
Insurance
Property/casualty insurer Ironshore International has appointed Jörg Eickstädt as head of direct and facultative property.   7 July 2016
Insurance
XL Catlin’s insurance unit has appointed Andrew Underwood as regional product leader, UK and Ireland for political risk and trade credit.   7 July 2016
Insurance
Nexus Underwriting Management (Nexus) is looking to acquire specialty niche MGA's in order to boost underwriting profit, according to executive chairman Colin Thompson.   6 July 2016
Insurance
Managing general agents (MGAs) have a responsibility to support continued sector growth and respond to the evolving insurance market with greater communication and transparency around their role, according to James Gerry, chair of the Managing General Agents’ Association (MGAA).   6 July 2016
Insurance
Aviva is increasing its payout ratio target as part of a performance update to investors.   6 July 2016

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