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Insurance
Some insurers are implementing only the minimum data protection standards as required in a jurisdiction—but this approach will cause problems for them, according to Darren Wray, CEO of consultancy firm Fifth Step. 13 September 2017
Insurance
Speciality property/casualty insurance group AmTrust Financial Services (AFSI) should take a reserve charge “in the hundreds of millions of dollars” and commit to “much-improved disclosure” in order to restore investor confidence, according to analysts at Keefe, Bruyette & Woods. 3 May 2017
Insurance
While many re/insurers see cyber risk as an opportunity to grow in the current soft market, Swiss Re’s CEO Christian Mumenthaler suggested that the excitement may be inappropriate and that governments need to prepare for extreme events. 12 September 2017
Insurance
XL Group CEO Michael McGavick said that he is not surprised that there is speculation about a potential takeover of XL Group by other market players. 14 February 2018
News
Hurricane Matthew hit profits at Oxbridge Re Holdings, a property/casualty reinsurer based in the Cayman Islands that primarily covers insurers in the Gulf Coast, in 2016 and plunged the company into a loss in the fourth quarter specifically but its CEO said he was broadly pleased with its performance. 14 March 2017
Insurance
Specialty re/insurer Brit has completed the fifth annual renewal and expansion of its Bermuda domiciled special purpose insurer Versutus. 25 February 2019
Insurance
Technology-driven risk solutions provider Sedgwick has appointed Ian Muress, Stewart Steel and Paul White to leadership roles for its combined business operations in the UK. 23 April 2018
Insurance
The Managing General Agents’ Association (MGAA) has established a dedicated group to drive innovation and greater collaboration in the MGA sector. 23 April 2018
Insurance
Specialty re/insurer MS Amlin has bolstered its Asia Pacific underwriting team based in Singapore with three new hires from Swiss Re, Marsh and Singapore War Risks Mutual. 8 June 2018
Insurance
African reinsurer One Re has appointed Nicholas Davenport as chairman of its board with immediate effect, succeeding Gilles Bonvarlet who has stepped down from the role. 6 April 2017
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