Articles

Insurance

Reinvention key for Lloyd’s as it bids to capture emerging market growth

The London Market, along with its flagship Lloyd’s, is falling behind in the important high-growth Asian insurance market as well as in major emerging markets such as Latin America.   13 June 2017

Insurance

The Insurance Act: more work needed, warns Airmic

Market practice has a long way to go before insurers, brokers and their customers take full advantage of the Insurance Act, ten months after it became law, according to a new report issued by UK risk management association Airmic at its annual conference in Birmingham, UK.   13 June 2017

Insurance

StarStone hires XL Catlin's O’Malley as new head of cargo

StarStone, the specialty insurer and subsidiary of Enstar Group, has appointed Rod O’Malley as head of cargo in London. He will report to global head of marine Simon Schnorr.   12 June 2017

Insurance

Lloyd’s Syndicate 1110 placed into run-off

US-based niche insurance provider ProSight Specialty Managing Agency Limited has ceased the underwriting of Syndicate 1110 and placed the syndicate into run-off, Lloyd’s said in a June 9 Market Bulletin.   12 June 2017

Insurance

Markel merges global, wholesale units under president Sanders

Specialty insurer Markel Corporation has combined its wholesale excess and surplus lines and global insurance complex, risk-managed accounts divisions to form a new insurance division named Markel Assurance.   8 June 2017

Insurance

Ironshore appoints head of Australia operations

Ironshore International has named William Lewis as managing director of its Australia operations, based in the Sydney office.   7 June 2017

Insurance

Willis Towers Watson appoints head of investments for Asia Pacific

Broker Willis Towers Watson has appointed Taro Ogai as head of investments for Asia Pacific, based in Tokyo.   7 June 2017

Insurance

VAT introduction could cause cash-flow issues for Gulf insurers

Given the fiscal pressures in the member states of the Gulf Cooperation Council (GCC), the introduction of value added tax (VAT) seems inevitable and could cause short-term cash-flow issues for insurers, according to AM Best.   6 June 2017

Insurance

Ed bolsters reinsurance unit with new hire from Willis Re

Reinsurance, wholesale and specialty broker Ed has appointed Ian Wicks as chairman of non-marine reinsurance.   6 June 2017

Insurance

Modernising underwriting: from segregation to integration

Separation between lines of business might be rational and convenient but it is inevitable that the differentiation will gradually disappear and integration will take its place, writes Yannis Spanoudakis from Matrix Brokers.   5 June 2017

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