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Insurance
Arch Insurance has appointed Hugh Sturgess as the new CEO of Arch Insurance International, succeeding Matt Shulman who was recently named CEO of Arch Insurance North America. 21 November 2018
Insurance
The US insurance industry has only limited exposure to PG&E Corporation, the California utility whose equipment is being investigated as having a potential role in the deadly Camp Fire, according to AM Best. 21 November 2018
Insurance
Fitch Ratings sees ongoing pressure on underwriting margins and expects catastrophe claims to continue to undermine insurers’ operating stability. 21 November 2018
Insurance
Syndicate Research Limited (SRL) has affirmed the A- (Good) Continuity Opinion of Lloyd's syndicate 2003 but has changed the outlook for the Continuity Opinion from stable to negative in light of the syndicate’s recent 5-year average performance relative to its Continuity Opinion peer group. 21 November 2018
Insurance
Re/insurance broker Aon has appointed Richard Jones as executive chairman of its reinsurance solutions business in Asia. 21 November 2018
Insurance
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Ross Howard, chairman of JLT Re, to become vice chairman of Guy Carpenter. 21 November 2018
Insurance
Beazley syndicate 3623 and Aegis syndicate 1225 are leading the ranking of electronic placement adoption at Lloyd’s, according to a new table published for the first time by the London Market Group. 20 November 2018
Insurance
Syndicates at Lloyd’s have accepted 29.6 percent of in scope risks through electronic placement in the third quarter of 2018, exceeding the target of 20 percent, according to the board of PPL (Placing Platform Limited). 20 November 2018
Insurance
The majority of insurance groups that are affected by Brexit and rated by AM Best have either completed or initiated a transfer of their European Economic Area (EEA) business from their UK insurer to an affiliated EEA insurer under Part VII of the Financial Services and Markets Act 2000, according to the agency. 19 November 2018
Insurance
The British Insurance Brokers Association (BIBA) has echoed the concerns of other bodies in arguing that the draft Brexit agreement revealed today (November 15) does not offer a solution for UK brokers trading with retail and commercial customers in Europe. 15 November 2018
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