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Insurance
Bermuda-based AXIS Capital Holdings has appointed Rhonda Lohmar as vice president, US programmes, for the property/casualty (P&C) team. 3 April 2017
Insurance
Insurer Chubb has made four appointments to its underwriting team in Middle East and North Africa (MENA) as it continues to build its insurance capabilities in the region. 3 April 2017
Insurance
Global Parametrics (GP), a for-profit, social venture, has secured additional funding for a new initiative which will increase access to disaster protection in developing countries against the impacts of climate change with support from the UK government. 3 April 2017
Insurance
Liability losses in excess of $1billion are becoming more commonplace for companies and are no longer confined to the US and Europe, according to an Allianz report. 3 April 2017
Insurance
CFC Underwriting, a Lloyd's managing general agent (MGA), has announced that it has revamped its existing cyber insurance product to include innovative cover elements to protect policyholders against the emerging threats of the digital age. 3 April 2017
News
During the April 1 reinsurance renewals, rate reductions ranged from flat to mid-single digit reductions compared to a low double digit range seen 12 months ago, broker Willis Re said in its report titled Willis Re 1st View April 1, 2017. 3 April 2017
Insurance
Artificial intelligence (AI) and the internet of things (IoT) accounted for almost half of total investment in insurtech startups globally in 2016, according to consultancy firm Accenture. 31 March 2017
Insurance
Lloyd’s of London reported underwriting losses in all classes in the accident year 2016, driving the management to take action to improve underwriting quality and expenses. 31 March 2017
Insurance
A California jury has dismissed the poaching claims made by re/insurance broker Aon, and ruled in favour of insurance brokerage firm Alliant Insurance Services. 31 March 2017
Insurance
An unspectacular increase in large claims led Lloyd’s of London to report underwriting losses in all classes in the accident year 2016, driving the management to take action to improve underwriting quality and expenses. 31 March 2017
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