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Insurance
Re/insurers in Bermuda and the US that cover bodily injury claims in the UK will adapt quickly to the higher costs stemming from a change in how settlements are calculated, with just a short-term knock to their earnings, according to a report by Fitch Ratings. 26 April 2017
Insurance
Re/insurer XL Catlin has expanded its mergers and acquisitions (M&A) insurance product suite while strengthening its global team with three key hires. 25 April 2017
Insurance
NMI Holdings said that its subsidiary National Mortgage Insurance Corporation is preparing for a capital markets-based reinsurance transaction with a newly-formed Bermuda special purpose insurer to purchase $211.3 million of excess of loss reinsurance protection. 25 April 2017
Insurance
Commercial lines insurer WR Berkley Corporation has reported an underwriting loss for the first quarter of 2017 in its reinsurance operations. 25 April 2017
Insurance
US insurance broker Acrisure has appointed former vice chairman of AssuredPartners Michael Sherman as president, effective immediately. 25 April 2017
News
The Reinsurance Association of America (RAA) has appointed Nicole Austin as senior vice president, federal affairs. 25 April 2017
Insurance
JLT Specialty USA, a US subsidiary of broker Jardine Lloyd Thompson Group, has hired former employee Molly Nolan as senior vice president to further build its specialty expertise in the Northeast. She will be based in Boston, and focus on broking and client development. 24 April 2017
Insurance
Catastrophe modelling firm AIR Worldwide, a Verisk Analytics business, has unveiled a cyber risk modelling application for the re/insurance market that will provide underwriters and risk managers with a variety of cyber analytics. 24 April 2017
Insurance
The cyber insurance market will become more resilient if it is considered as a standalone line of business rather than a peril, according to JLT Re. 24 April 2017
Insurance
Willis Towers Watson has appointed Joe Peiser as head of broking, North America, part of its corporate risk and broking segment. 24 April 2017
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