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Insurance
Insurers face stretched balance sheets from cyber aggregation
The interconnectivity of devices and Internet of Things (IoT) can adversely impact insurers’ balance sheets and portfolios due to the nature of cyber risk aggregation.   10 May 2017
Insurance
Commercial P&C rates continue to decline in Q1 2017
Commercial property/casualty (P/C) rates declined on average by 2.5 percent in the first quarter of 2017, compared to 3.3 percent in the fourth quarter of 2016, according to The Council of Insurance Agents & Brokers’ Commercial P/C Market Survey.   10 May 2017
Insurance
BMS Group names Gallagher exec as CEO of Australia
Specialist re/insurance broker BMS Group has appointed Andrew Godden as chief executive officer (CEO) of Australia. He will be based in Sydney, and report directly to BMS CEO Nick Cook.   10 May 2017
Insurance
Bishopsgate hires energy specialists from NMB
Lloyd's broker Bishopsgate, the London market business of Towergate Insurance, has appointed Robin Todd and Darren Conlon as energy directors.   10 May 2017
Insurance
2017 nat cat losses prompt Aspen to shut Bermuda unit
Aspen Insurance has closed its Bermuda-based US property insurance unit following high natural catastrophe losses in 2017 that included the recent wildfires in California.   19 February 2018
Insurance
Indian regulator forms reinsurance expert committee
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a reinsurance expert committee to review the current regulatory framework for the market.   9 May 2017
Alternative Risk Transfer
After the fire
Paul Schultz, chief executive officer of Aon Securities, takes a look at the impact of the Fort McMurray wildfires on the ILS market.   17 May 2016
Insurance
Skuld hires head of marine cargo and property
Skuld, a marine insurance provider, has appointed Paul Knighton as global head of marine cargo and marine property. He will join Skuld Syndicate 1897 in the summer.   19 January 2017
Insurance
Markel CATCo appoints chief risk officer, co-chief underwriting officer
Markel CATCo Investment Management has appointed Alissa Fredricks as chief risk officer, and Simon Moore as co-chief underwriting officer alongside Lindsay Watson.   8 May 2017
Insurance
Lloyd's introduces drinking ban for staff during business hours
Lloyd's of London has introduced a ban on the consumption of alcohol during business hours.   15 February 2017

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