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Buyers’ strategies changed by ‘formal risk appetite’ statements

The adoption of formal risk appetite statements by insurers is driving a fundamental shift in reinsurance purchasing as insurers adapt to increasing regulation and wider scrutiny from investors, according to new research by Willis Re.   21 March 2016

Insurance

Mega-deals and the challenges of integration

One of the most pressing post-merger tasks is consolidating systems. A clear plan and speed are of the essence, says Phil Race of Xuber.   18 March 2016

Insurance

AJG exec appointed chairman of LIIBA

Arthur J Gallagher, the international division of Arthur J Gallagher & Co, has announced that Andrew Agnew, its managing director of specialty and a member of the Executive Committee, has been made chairman of the London & International Insurance Brokers’ Association (LIIBA).   18 March 2016

Insurance

Integro acquires Lloyd’s broker CSWH

International insurance broker and risk management firm Integro has acquired London-based Lloyd’s broker Croton Stokes Wilson Holden (CSWH).   17 March 2016

Insurance

Fidelis names group CUO

Fidelis Insurance has promoted Ben Savill to group chief underwriting officer (CUO).   17 March 2016

Insurance

Hyperion marine CEO steps down; replacement revealed

Hyperion Insurance, the employee-owned insurance group, has announced Philip Bilney has stepped down from his role of group chief executive of its subsidiary FP Marine Risks.   17 March 2016

Insurance

MGAA elects new chairman

The Managing General Agents’ Association (MGAA) has elected James Gerry as its new chairman, following the first meeting of its new board.   16 March 2016

Insurance

TMK promotes exec to CUO

Tokio Marine Kiln (TMK), provider of specialist and corporate insurance, has appointed Paul Culham as group chief underwriting officer (CUO) with effect from 1 April 2016.   16 March 2016

Insurance

LSM promotes exec to head of marine

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Michael Burle to head of marine for Liberty Syndicate, reporting to Peter Smith, active underwriter.   16 March 2016

Insurance

Marketform exits med mal following review; team departs to Dale

Specialist Lloyd's underwriter Marketform has transferred its international medical malpractice insurance business to Dale Underwriting Partners.   16 March 2016

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