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Insurance
Arthur J Gallagher has appointed Simon Matson, currently head of Gallagher’s London Market and Alesco businesses, as the new CEO of its UK-based brokerage and underwriting division.   18 June 2018
Insurance
In the absence of clarity as to what a future trade deal will look like between the UK and the EU, affected insurers have accelerated their plans to establish new EU subsidiaries, according to AM Best.   3 August 2018
Insurance
Bermuda-based PartnerRe has revealed that it will exit the upstream energy insurance market having signed a deal to transfer its book of business to Ark Syndicate Management.   9 March 2018
Insurance
Changes the International Accounting Standards Board (IASB) could make to IFRS 17 Insurance Contracts could help ensure reinsurance remains attractive as a risk mitigation tool and avoid unintended consequences such as raising barriers for new entrants, it has been claimed.   24 January 2019
Alternative Risk Transfer
Insurance-linked securities (ILS) investors are reloaded and ready for the 1 June 2018 Florida renewals after significant losses in the second half of 2017 which saw record natural catastrophes from hurricanes, earthquakes, and wildfires in North America, according to the latest ILS Market Update by Willis Towers Watson Securities.   27 April 2018
Insurance
UK-based insurer Aviva said on May 25 that it will start a share buy-back of its ordinary shares for up to a maximum consideration of £300 million.   25 May 2017
Alternative Risk Transfer
Brian Duperreault, the chief executive officer of AIG, has called for insurance linked-securities (ILS) to help cover the growing challenge of cyber risk, at the official opening event of the 15th Singapore International Reinsurance Conference, noting that Asia has more cyber attacks than any other region.   29 October 2018
Insurance
The underwriting performance of motor insurers in China has been further polarised since the introduction of motor de-tariffication in 2016, which is transforming the market, Christie Lee, director and head of analytics for North East Asia at AM Best, told SIRC Today.   29 October 2018
Insurance
The quality of data in Asia-Pacific is gradually improving although this varies from market to market, and there is still some way to go, Darryl Pidcock, head of PERILS Asia-Pacific, told SIRC Today.   29 October 2018
Alternative Risk Transfer
There is an oversupply of capacity in the Asia-Pacific region, which is driven in part by the success of Singapore as a regional reinsurance hub, according to Nick Orton, senior international treaty underwriter at Hiscox Re & ILS.   29 October 2018

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