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Insurance
P&C insurers must unlock big data to capitalise on predictive models
Two-thirds of US property/casualty insurers currently use predictive models for underwriting and risk selection, an increase of over 10 percentage points compared to last year, according to a survey by Willis Towers Watson   19 April 2017
Insurance
Geopolitical instability is biggest challenge facing construction industry
Geopolitical instability and workforce management issues are the biggest challenges facing construction sector executives, according to research released by Willis Towers Watson.   19 April 2017
Insurance
Argo Group warns on $16.5m one-off Q1 hit
Bermuda-based Argo Group International Holdings said that it expects its 2017 first-quarter results to be impacted by non-recurring charges totalling $16.5 million.   18 April 2017
Insurance
Brown & Brown Q1 net income up 12.9% on legal settlement
US re/insurance broker Brown & Brown reported a 12.9 percent increase in net income for the first quarter of 2017, boosted by a legal settlement with AssuredPartners.   18 April 2017
Insurance
Markel poaches senior marine exec from Munich Re Syndicate
Specialist insurer Markel International has appointed Colin Fordham as a senior marine liability underwriter based in Singapore.   18 April 2017
Insurance
Concord Specialty Risk hires exec for R&W insurance practice
Concord Specialty Risk, a transactional risk insurance and loss mitigation specialist which is a series of RSG Underwriting Managers, has appointed James Grayer as executive vice president of representations and warranty (R&W) insurance, based in New York.   18 April 2017
Insurance
Japan sees single-digit rate reductions in April renewals
Reinsurers recorded single-digit risk adjusted rate reductions in Japan’s April 1 renewals, according to William Thompson, regional director of broker Willis Re.   18 April 2017
Insurance
Artificial intelligence: a game-changer for risk transfer
Amid concerns that artificial intelligence could result in job losses across the industry, re/insurers speaking at an Intelligent Insurer roundtable in London aimed to suppress some of those fears by highlighting the value of AI with tried and tested examples.   13 April 2017
Insurance
Brit appoints CEO of Singapore operations from ArgoGlobal
Specialty re/insurer Brit has appointed David Lim as the CEO of Brit Global Specialty Singapore with effect from May 15, 2017.   13 April 2017
Insurance
Alliant forms specialty group under president Peter Arkley
California-based Alliant Insurance has combined its portfolio of industry-focused specialty insurance practices under one banner to form Alliant Specialty Group, which will be led by Peter Arkley.   13 April 2017

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