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Increasing claims severity, social inflation and instances of adverse reserve development are now hurting carriers and point to a market in transition, according to a new report by JLT Re called ‘Uncharted Territory at its Market Prospective Event’. 25 January 2019
News
Qatar Re is seeking a new chief executive after Gunther Saacke revealed he will step down from the role at the company’s next board meeting, scheduled for March, and leave the company later this year. 25 January 2019
Insurance
Driverless cars seem destined to redefine the landscape for motor re/insurers—the only question is how quickly. Intelligent Insurer assessed the views of insurance executives in an online survey. 24 January 2019
Insurance
International General Insurance Holdings (IGI), the international specialist commercial insurer and reinsurer, has appointed Nick Garrity as chief executive of its Labuan Branch. He will be based in the Kuala Lumpur office. 24 January 2019
Insurance
Insurer AXA has appointed Shali Vasudeva to the newly-created role of chief operating officer (COO), AXA UK and Ireland. 22 January 2019
Insurance
Mutual marine liability insurer North P&I has received authorisation from the Central Bank of Ireland (CBI) to operate from Ireland, allowing it to implement its Brexit contingency plan. 22 January 2019
Insurance
Re/insurer AXA XL has completed the transfer of its European Union insurance company, XL Insurance Company (XLICSE), from the UK to Dublin, Ireland in response to Brexit uncertainty. 21 January 2019
Insurance
Germany’s Allianz has replaced the chief financial officer (CFO) of its commercial insurance arm Allianz Global Corporate & Specialty (AGCS) along with leadership changes at other operating entities. 18 January 2019
Insurance
Reinsurance broker Guy Carpenter & Company has unveiled a new global capital solutions group and several key leadership appointments, which will become effective after the closing of the JLT acquisition by its parent Marsh & McLennan Companies (MMC). 17 January 2019
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) is expanding into the property construction insurance market in the UK and Ireland. 17 January 2019
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