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Insurance
Around half of industry practitioners see the risk of “silent cyber” exposure—potential cyber-related losses due to silent coverage from insurance policies not specifically designed to cover cyber risk—as growing over the coming year, according to a survey conducted by Willis Re. 10 September 2017
Insurance
Following the devastation caused by Hurricane Maria, 2017 catastrophe losses for the global insurance and reinsurance sectors will exceed $100 billion and could reach close to $190 billion on a pre-tax basis, according to Fitch Ratings. 27 September 2017
Insurance
The UK regulatory should be wary of deviating too far from Solvency II in the way it regulates UK insurers, despite having the potential flexibility to do so following its exit from the European Union, S&P Global Ratings has warned. 5 December 2016
Insurance
Demand for general insurance in the UK is set to weaken as household disposable income declines, according to the latest EY ITEM Club outlook for financial services. 11 August 2017
News
Reinsurance broker and consultant JLT Re has appointed Graham Barden and Jon Warner to its aviation team as partners, based in its London office. 11 May 2017
Insurance
The Travelers Companies' profits fell in the first quarter of 2017, which the company blamed on a $62 million pre-tax impact from the UK’s Ogden rate adjustment, a lower underlying underwriting gain and higher catastrophe losses. 20 April 2017
article
Alastair Speare-Cole, chief executive officer of JLT Re, says that the acquisition of Towers Watson’s reinsurance brokerage business would represent the fulfilment of one of the main objectives set for him by group CEO Dominic Burke when he joined JLT Re from Aon Benfield some 20 months ago. 22 October 2013
Insurance
TransRe helped boost the results of parent company Alleghany Corporation in the first quarter of 2018, though the company’s group CEO expressed disappointment that rate hikes in the reinsurance business were not higher following the high cat losses of 2017. 4 May 2018
Insurance
Despite higher revenues in the first quarter of 2017, broker Aon saw profits slide as expenses grew due to restructuring and M&A. 9 May 2017
Insurance
The UK’s Chancellor Philip Hammond has agreed to a consultation on the framework for setting future personal injury (Ogden) rates after a severe rate reduction alarmed the industry. 1 March 2017
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