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Insurance
BHSI poaches Zurich exec; expands professional lines cover in Canada
Berkshire Hathaway Specialty Insurance (BHSI) has launched a new professional liability product in Canada with the appointment of Geoffrey Kendrick as head of professional lines in the country.   21 March 2017
Insurance
Neon launches marine and offshore construction consortium with Lloyd’s capacity
Specialist Lloyd's insurer Neon has launched a new marine and offshore construction consortium that offers $70 million capacity for shipyard construction and $55 million for rig construction.   21 March 2017
News
JLT Re partners with flood risk modeller to expand in Canada
Reinsurance broker JLT Re has partnered with risk modelling company KatRisk to offer flood modelling in Canada.   21 March 2017
Insurance
QBE appoints executive general manager of claims
Re/insurer QBE Australia and New Zealand has appointed Jon Fox as the executive general manager (EGM) of claims, and Andrew Corbett as general manager of its fully owned subsidiary Elders Insurance.   21 March 2017
Insurance
US trade groups move to save Covered Agreement
In a letter to Treasury Secretary Steven Mnuchin, four insurance industry trade bodies in the US including the Reinsurance Association of America have reiterated their strong support for the Covered Agreement that was recently negotiated by the US and EU that resolved significant prudential insurance and reinsurance matters.   21 March 2017
Insurance
RMC Group launches in UK to target Europe
US-based RMC Group, an insurance, risk management and actuarial consulting firm, has opened new offices in the UK to expand its presence in the European market.   21 March 2017
Insurance
Hannover Re snaps up Lloyd's syndicate holding Argenta
German insurer Hannover Re has reached an agreement to acquire the entire share capital of the UK holding company Argenta, which owns Lloyd’s managing agent Argenta Syndicate Management and Argenta Private Capital as well as pro rata share of the Lloyd's Syndicate 2121.   20 March 2017
Insurance
XL Catlin appoints global property chief underwriting officer
Re/insurer XL Catlin has promoted Tim McMahon to the position of global chief underwriting officer (CUO) for property insurance with effect from May 1.   20 March 2017
Insurance
Travelers expects $62m hit from UK Ogden rate slash
US property/casualty insurer Travelers has estimated the impact of UK’s personal injury Ogden discount rate at $62 million.   20 March 2017
Insurance
US thunderstorm property losses as high as from hurricanes
The risk to US property from thunderstorms is as high as from hurricanes, according to a Willis Re report.   20 March 2017

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