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PERILS works with Singapore to improve loss data
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
Overcapacity driven by success
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
US P/C insurers benefit from excess & surplus lines rebound
Insurance
A recovery of the US excess and surplus (E&S) lines insurance market is benefitting US property & casualty (P/C) insurance companies, according to a Fitch Ratings report.   14 September 2018
Insurance
Specialty re/insurer Argo Group International Holdings is establishing a standalone underwriting business to pursue the growing construction sector. Jim Cornwell, senior vice president, will lead the new operation.   12 June 2018
Insurance
Commercial insurance provider CNA has appointed Al Miralles to replace Mark Verheyen as its new chief risk officer (CRO).   16 November 2017
Insurance
Specialty insurance group Tokio Marine HCC has formed a new cyber & professional lines group, led by Richard Robin as president.   24 July 2019
News
Swiss Re has estimated its preliminary combined claims burden from recent natural catastrophes booked in the fourth quarter of 2018 at approximately $1.0 billion, net of retrocession and before tax, mainly affecting the reinsurance operations.   15 January 2019
Insurance
Mondelez, the US food company that owns the Oreo and Cadbury brands, is suing Zurich Insurance for refusing to pay out on a $100 million claim for damage caused by the NotPetya cyber attack in what is seen as the first major legal dispute over how companies recover the costs of a cyber-attack.   15 January 2019
Insurance
Willis Towers Watson has appointed Janet Pane as head of global services and solutions (GSS) within its corporate risk and broking segment.   10 November 2017
Insurance
JLT Specialty Insurance Services, the US subsidiary of Jardine Lloyd Thompson Group, has acquired part of the energy business of Alliant Insurance Services – a unit that focuses on larger and more complex major and international accounts.   7 November 2014

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