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Insurance
Insurance broker Marsh and Schinnerer Group's underwriting management subsidiary have launched a new commercial insurance solution covering global property risks for US-based retail clients and backed by alternative capital. 24 April 2017
Insurance
Changes from Washington DC in the form of trade, taxes, infrastructure and regulation could alter the dynamics of the commercial insurance market that have sustained prolonged soft market conditions, according to a Willis Towers Watson report. 21 April 2017
Insurance
Property/casualty insurer Chubb has appointed Matt Merna as chief operating officer (COO) of its North America major accounts division, which serves the risk management segment of large US and Canada-based companies. 21 April 2017
Insurance
Despite low interest rates, ample capital from long-term underwriters and growth in new and expanding entrants are keeping property/casualty insurance terms and conditions in the US at very competitive levels, according to a market update by broker Lockton. 21 April 2017
Insurance
Swizerland-based property and casualty re/insurer Allied World Assurance Company Holdings has included drones services to expand its risk management offerings. 21 April 2017
Insurance
While the results as reported by reinsurers show a declining trend, the underlying results, taking into account average cat losses, show how tight profitability in the sector really is, according to the most recent Reinsurance Market Report by Willis Re. 21 April 2017
Insurance
The performance of the reinsurance sector shows a clear trend of deterioration as the soft market squeezes profitability. While traditional reinsurers return capital to shareholders due to a lack of profitable business opportunities, alternative capital remains keen for opportunities to invest – potentially making the situation worse, suggests James Vickers, chairman of Willis Re International. 21 April 2017
Insurance
Broker Willis Towers Watson has strengthened its global FINEX business with several key leadership appointments. 20 April 2017
Insurance
The number of M&A insurance claims is increasing and large transactions are proving to be riskier with the average pay-out topping $20 million, according to a study of representation and warranty (R&W) claims by American International Group (AIG). 20 April 2017
Insurance
American International Group (AIG) has said it anticipates that the recent decision by the UK Ministry of Justice to reduce the discount rate applied to lump-sum bodily injury payouts, known as the Ogden rate, will cost it some $100 million in its first quarter of 2017. 20 April 2017
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