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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
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
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