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Insurance
The aviation insurance market has contracted significantly in 2016 as insurers tried to reduce their exposure to loss-making contracts and improve underwriting profitability, according to the latest “Plane Talking” aviation newsletter by JLT. 27 January 2017
Insurance
US-based insurance brokerage firm Venbrook has appointed Lou Levinson as the president of its wholesale division, Venbrook Specialty Services. 27 January 2017
Insurance
AM Best has placed the financial strength ratings (FSR) of American International Group (AIG) and its insurance subsidiaries under review with negative implications because of concerns over its reserves. 27 January 2017
Insurance
Ryan Specialty Group (RSG) has acquired transportation managing general (MGA) agent Interstate Insurance Management in the US. 27 January 2017
Insurance
Loss adjusting business Charles Taylor Adjusting (CTA) has appointed Vince Cole as US CEO and regional head, also joining the company's senior management team. 27 January 2017
Insurance
AXIS Capital has opened a new office in Miami, with Eduardo Hussey as chief underwriting officer (CUO), to expand its presence in the Latin American and the Caribbean (LAC) market. 27 January 2017
Insurance
Liberty Mutual Insurance has appointed Mark Erickson as regional vice president of the central region of Liberty Mutual Benefits. 27 January 2017
Insurance
Pricing is the biggest threat to reinsurers’ profitability as combined ratios suggest that the industry is getting close to reporting underwriting losses, according to Fitch Ratings. 27 January 2017
Insurance
The number of ransomware attacks quadrupled in 2016 and are expected to double again in 2017, according to findings in a report from Beazley. 26 January 2017
Insurance
Berkshire Hathaway’s $9.8 billion retroactive reinsurance deal with American International Group’s (AIG), revealed last week, is big enough to potentially jeopardize an underwriting profit in Warren Buffett’s reinsurer’s P&C operations for the first time. 26 January 2017
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