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Insurance
Jonathan Clark has been elected president of the Chartered Insurance Institute for 2018/2019, replacing Lloyd’s CEO Inga Beale. 18 July 2018
Insurance
The aviation insurance market faced further upwards pricing pressure in the first half of 2018 driven by “on-going underwriting discipline and three-tier market conditions,” according to the JLT’s most recent Airline Insurance Market Update. 18 July 2018
Insurance
Re/insurance broker Miller has hired Ian Curtin to lead its energy construction team. 18 July 2018
Insurance
The development of the industry’s first fully probabilistic model for extreme liability events represents a breakthrough for risk modelling and the use of such models will eventually become common practice in the risk transfer sector, Robin Wilkinson, vice president and managing director of casualty analytics at AIR Worldwide, tells Intelligent Insurer. 13 July 2018
Insurance
Challenging market conditions mean the re/insurance industry is poised for yet more consolidation, but transactions will become more challenging because of the smaller pool of acquisition targets, Moody’s has claimed in a new report called ‘More M&A deals as firms seek to broaden depth, scale and market relevance’. 12 July 2018
Insurance
Managing general agents (MGAs) have traditionally received their capacity from insurers but are now increasingly taking advantage of alternative capacity providers, MGAA chairman Charles Manchester suggested in conversation with Intelligent Insurer. 11 July 2018
Insurance
Digital all-round insurer ONE and Munich Re have created a joint venture called ONE Coach which will enable customers to monitor in real time how their individual lifestyle choices affect their risk assessment score, according to a company statement. 28 June 2018
Insurance
Validus Specialty, a subsidiary of Bermuda-based re/insurer Validus Holdings, has appointed Bob Eells as senior vice president and chief operating officer. He joins the company from XL Catlin. 28 June 2018
Alternative Risk Transfer
Bermuda domiciled Limestone Re has issued $278 million of notes to investors in a private placement transaction that provides collateralised reinsurance for Liberty Mutual’s US property catastrophe programme, as well as US homeowners and global property reinsurance risks. 28 June 2018
Insurance
Insurance broker Lockton has appointed Jerry Ridge as global head of marine and energy reinsurance. 28 June 2018
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