Articles
Insurance
The re/insurance industry has offered a mixed reaction to the publication of the UK Government's white paper on Brexit this week, with some commentators calling it a step in the right direction but others stressing that it does not resolve the key issue of contract continuity and doubt remains as to whether UK insurers will remain licenced to pay claims in a few EU countries without an agreement in place. 13 July 2018
Insurance
Bermuda-based specialist re/insurer Ascot Group has poached a US marine team from Navigators Group and launched a new US marine business on the back of this. 13 July 2018
Insurance
Advent Capital Holdings and Brit, both units of Fairfax Financial Holdings, are planning to merge some of their Lloyd’s business and place the rest into run-off following a detailed portfolio review. 12 July 2018
Insurance
Specialist insurer Markel Corporation has overhauled its leadership structure and hired a Chubb executive as part of this as it looks to accelerate growth. 12 July 2018
Insurance
Risk models are good at estimating the losses arising from ‘conventional hurricane events’ but their performance decreases when it comes to more severe or unusual events, according to a study by JLT Re, which analysed the precision of modelled market loss estimates for significant hurricanes since 2004. 12 July 2018
Insurance
The growing number of managing general agents (MGAs) in the UK insurance market is being driven by the continuing wave of insurer consolidation and entrepreneurial spirit of some underwriters wanting to start up their own businesses, according to The Managing General Agents’ Association’s (MGAA) Chairman, Charles Manchester. 12 July 2018
Insurance
Bermuda-based Everest Re Group has promoted Patricia McMahon to the role of senior vice president and chief claims officer of Everest Insurance. 12 July 2018
Insurance
RSA Insurance Group has appointed Chris Riley as senior executive officer for its operation in the Dubai International Financial Centre (DIFC). 12 July 2018
Insurance
The London Insurance and International Brokers Association (LIIBA) has created a new delegated authority working group to focus on the London Market Target Operating Model (LM TOM) and its impact on binders and line slips. 12 July 2018
Insurance
Insurance-focused advisory and investment firm Stonybrook Capital has hired Paolo Grassi as new COO and general counsel. 12 July 2018
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