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Insurance
United Arab Emirates-based International General Insurance Holdings (IGI) saw its combined ratio deteriorate to 103 percent in 2017, compared to 87.5 percent in 2016. 19 March 2018
Insurance
Specialty re/insurer Brit has appointed Marsh executive Neil Walker as head of UK property. 16 March 2018
Insurance
Specialty insurer Markel Corporation has appointed Julia Chu to the newly-created position of chief global ceded reinsurance officer. 14 March 2018
Insurance
The total financial cost, including business interruption, of Storm Emma, which affected a large area of Europe during the second half of February, could reach hundreds of millions dollars – though the figure will very likely be higher, with a high volume of filed insurance claims reported. 9 March 2018
Insurance
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, has hired two senior executives from Guy Carpenter to boost its capital advisory and terrorism specialty divisions. 7 March 2018
Insurance
Property/casualty insurer AmTrust Financial Services has build a new management team to expand its accident & health (A&H) Lloyd’s offering and capabilities across its international operations. 7 March 2018
Insurance
Applying blockchain to the global re/insurance market could deliver operational cost savings of 10 percent to 25 percent or $20 billion to $50 billion each year, according to a report by blockchain solutions provider R3 and ChainThat. 7 March 2018
Insurance
California’s insurance commissioner has issued a Cease and Desist Order against Access Insurance Company, which requires the company to immediately stop transacting, soliciting, negotiating, or administering and writing any new or renewal insurance business of any kind in the state of California. 7 March 2018
Insurance
Liberty Mutual Insurance has appointed Shelia Anderson to the newly-created role of corporate functions chief information officer, reporting to executive vice president and chief information officer (CIO) James McGlennon. 7 March 2018
Insurance
Ironshore subsidiary and managing general agent (MGA) Iron-Starr Excess Agency has expanded its partnership with Oil Casualty Insurance (OCIL) to underwrite property lines. 7 March 2018
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