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Insurance
London-based specialty re/insurance market Lloyd’s has inaugurated its Indian branch in the presence of UK Chancellor Philip Hammond and joined by MS Amlin as the first participating syndicate. 5 April 2017
Insurance
Property Claim Services, a Verisk Analytics business, has launched its global marine and energy service as its first solution outside the property-catastrophe sector. 5 April 2017
Insurance
The risks associated with a volcanic eruption have received insufficient attention in the past, particularly with regards to ash fall, said Swiss Re’s head of earthquake Patrice Tscherring. 5 April 2017
Insurance
Insurance Australia Group (IAG) increased its natural peril cost assumption for 2017 and lowered its insurance margin guidance range after Tropical Cyclone Debbie hit Australia’s Northeast. 5 April 2017
Insurance
Stephen Catlin, the executive deputy chairman of XL Group, is retiring from the company at the end of 2017, the Bermuda-based re/insurer announced in a statement. 5 April 2017
Awards
Ireland is the most attractive location for insurers seeking to create a unit within the EU to retain access to the common market after the Brexit vote, according to a survey conducted by Intelligent Insurer. 5 April 2017
Insurance
Lloyd’s specialist insurer Beazley has introduced a product seeking to quote any US management, professional, cyber and healthcare liability risks that can be legally underwritten, provided that no other London insurer offers terms. 4 April 2017
Insurance
Lloyd’s fined Amlin Underwriting Limited (AUL) £630,000 for breaches of the Lloyd’s Premium Trust Deed (PTD) and for failings in its response to those breaches. 3 April 2017
Insurance
Bahrein-based re/insurer Trust Re said its profits fell to $18.8 million in 2016 from $30.8 million a year ago, driven by lower investment income. 3 April 2017
Insurance
Property/casualty insurer Chubb has appointed Tim Stapleton and Helen Troman as the heads of its information technology industry practice for overseas general insurance, effective immediately. 3 April 2017
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