Articles
Insurance
The Lloyd’s Corporation has decided to direct underwriters in the market to terminate any existing programmes involving the National Rifle Association of America (NRA). 9 May 2018
Alternative Risk Transfer
A combination of losses in 2018, capital still trapped in relation to 2017 events and a lack of new capacity entering the market, will likely lead to a hardening of the pricing of ILS deals and higher prices in the retro market in 2019. 10 January 2019
News
Korean Reinsurance Company is set to establish a subsidiary in Switzerland, according to AM Best’s Jan. 16 Asia-Pacific newsletter. 16 January 2018
Insurance
A Chinese court has rejected an appeal by Anbang Insurance Group’s former chairman Wu Xiaohui against a conviction for fundraising fraud and embezzlement that led to an 18-year jail sentence and confiscation of ¥10.5 billion ($1.52 billion), according to an Aug. 16 Reuters report. 17 August 2018
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
CLS Risk Solutions (CLS), a provider of property and renewables development risk cover, has launched permit challenge insurance for renewable energy infrastructure. 3 April 2019
Insurance
The current rate increases in the insurance sector are justified, the Arthur J Gallagher CEO J Patrick Gallagher, Jr., said during the broker’s first quarter 2018 results conference call. 2 May 2018
Insurance
Marine insurance provider Skuld has appointed Rachael Simpson as senior vice president, London P&I (protection and indemnity) operations. 11 December 2017
Technology
The pandemic has significantly altered the cyber-risk landscape, amplifying existing issues and posing new challenges for re/insurers. Ahead of an Intelligent Insurer webinar on the topic, Darren Thomson, head of cyber security strategy at CyberCube, discusses the challenges and opportunities faced by the industry. 7 July 2020
Insurance
The Prudential Insurance Company of America (PICA) and UK-based Scottish Widows have agreed to their first-ever longevity reinsurance agreement. PICA has assumed the longevity risk for approximately $1.8 billion (£1.3 billion) of annuity liabilities held by Scottish Widows. 5 February 2018
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