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Insurance
Bermuda-based Sompo International Holdings, a specialty provider of property and casualty insurance and reinsurance, has appointed John (Jack) Kuhn to the new role of chief underwriting officer (CUO) for Sompo International’s property & casualty (P&C) business. 25 April 2018
Insurance
Chubb CEO Evan Greenberg has hailed rate improvements as the insurer presented its first quarter 2018 results. 25 April 2018
Insurance
WR Berkley CEO Rob Berkley said during the first quarter 2018 results conference call that the situation in the reinsurance sector remains tough but that it is a core business for the firm while he currently sees better growth opportunities in the primary segment. 25 April 2018
Insurance
Broker Aon has extended the contract with its president and CEO Gregory Case until April 1, 2023. 25 April 2018
Alternative Risk Transfer
IPS Search’s Colum Lovett & Dan Gattis discuss the findings of their talks with insurance executives about the clash between traditional re/insurers and the newer ILS market participants as they seek to recruit the best and brightest. 25 April 2018
Alternative Risk Transfer
Alternative capital has reloaded after the major nat cat events in 2017 and is in good shape to compete for cedants with the traditional reinsurance players and cause further pressure on rates, as recent market reports by Aon Benfield and Fitch Ratings suggest. 25 April 2018
Insurance
Bermuda-based specialist insurer Hiscox has launched a cyber training centre to help its cyber insurance customers worldwide mitigate and manage their cyber risks. 25 April 2018
Insurance
Specialty underwriter Markel posted a net loss of $174.8 million for the first quarter of 2018 after a net profit of $223.2 in the same period a year ago, driven by a change in accounting rules and foreign exchange losses. 25 April 2018
Insurance
Broker Willis Towers Watson (WTW) made three senior appointments within its corporate risk and broking segment to strengthen its broking platform. 25 April 2018
Insurance
AI-powered insurtech firm Lemonade Insurance Company has partnered with peer to peer marketplace Roomi, which aims to make it safer and easier to find room rentals, sublets, and roommates. 25 April 2018
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