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Insurance
Neon's Syndicate 2468 has said that the strategic actions it has taken including reserve strengthening and exiting from medical malpractice and general liability classes of business will allow it to draw a line under the past after it posted more heavy losses for 2016 and its combined ratio soared. 12 April 2017
Insurance
Despite a plethora of challenges including low oil prices, cost control pressures, workforce layoffs, onerous legislation/regulation and the escalating risk of cyber-attacks, margins for energy insurers remain wafer thin, a situation that could become the ‘new normal’ for the market. 12 April 2017
Insurance
MS Amlin Underwriting Limited, the Lloyd’s Syndicate 2001, reported a loss for 2016 as the claims ratio jumped on catastrophe losses and the Ogden discount rate change. 11 April 2017
Insurance
New York-based property/casualty insurer AmTrust Financial Services has made several executive appointments and promotions, including hiring a new chief accounting officer. 11 April 2017
Insurance
Re/insurance broker Miller has hired Richard Boughton in a business production and broking role to further strengthen and grow its North American MGA business. 11 April 2017
Insurance
Ascent Underwriting, a specialist managing general agent (MGA) underwriting on behalf of a number of Lloyd’s Syndicates, has appointed Mark Bowers as claims director with immediate effect. 10 April 2017
Insurance
African reinsurer One Re has appointed Nicholas Davenport as chairman of its board with immediate effect, succeeding Gilles Bonvarlet who has stepped down from the role. 6 April 2017
Insurance
JLT Specialty, a US subsidiary of Jardine Lloyd Thompson Group (JLT), has appointed Gavin Shiels as senior vice president. 6 April 2017
Insurance
Against a backdrop of a deteriorating rating environment, overcapacity and downturn in the industry, the energy insurance market continue to face its lowest rating environment in several decades, according to the latest quarterly Energy report from Lloyd & Partners. 6 April 2017
Insurance
The CEO of property/casualty insurer Chubb has criticised the “abusive behaviour” on the part of some brokers when addressing shareholders in the 2016 annual report. 6 April 2017
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