Articles

Insurance

Cunningham Lindsey taps Crawford exec as Sweden CEO

Claims management firm Cunningham Lindsey has appointed Claes Frick as chief executive officer for Sweden.   12 February 2018

Insurance

AIG reports $6.7bn Q4 loss due to US tax reform

American International Group (AIG) reported a net loss of $6.66 billion for the fourth quarter of 2017, compared to a net loss of $3.04 billion in the prior-year quarter.   9 February 2018

Insurance

XL shares jump on takeover news

Shares of Bermuda-based insurer XL Group jumped following news that it is attracting interest from rivals including Allianz of Germany.   8 February 2018

Insurance

Hiscox reveals management restructure to tap retail market growth

Specialist insurer Hiscox is changing its group management structure to build on growth momentum in its retail businesses, according to a Feb. 8 press release.   8 February 2018

Insurance

Cyber insurance could be credit negative for insurers: Fitch

Cyber insurance brings opportunities for business growth and diversification for some insurers, but could be a credit negative for others given the potential to generate larger future losses, according to Fitch Ratings.   7 February 2018

Insurance

JLT poaches senior AIG executive as global aviation head

Jardine Lloyd Thompson Group (JLT) has hired AIG's former aerospace and marine leader Joe Trotti to become the broker’s global practice head of aviation, and join its new global specialty leadership team.   7 February 2018

Insurance

XL Catlin picks new global hull leader as veteran mariner retires

Re/insurer XL Catlin has promoted Mike MacColl to the position of global practice leader for hull. Previously, MacColl held the role of head of hull for the UK.   6 February 2018

News

Munich Re results plummet in 2017 but rate rise allows for growth at renewals

Munich Re’s reinsurance business dragged the company’s 2017 results due to high natural catastrophe levels but the resulting rate improvements allowed the company to grow the business in the January renewals.   6 February 2018

Insurance

Seven out of ten organisations fail cyber security test

Seven out of ten organisations fail cyber security readiness test, according to a recent study commissioned by specialist insurer Hiscox, suggesting major shortcomings.   6 February 2018

Insurance

Chubb appoints new chief claims officer from AIG

Property/casualty insurer Chubb has hired Michael Smith as its new chief claims officer. He was most recently chief transformation officer at AIG.   6 February 2018

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