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AM Best warns of rating actions on insurers if TRIPRA is not renewed
Insurance
US insurers with a large exposure to terrorism risk could face being downgraded by AM Best if the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is not renewed – a scenario that looks difficult at best given the hyper-partisan atmosphere pervading Washington at the moment, the rating agency has warned.   13 May 2019
9 things we learned at Swiss Re Institute's technology and modern underwriting event
News
Technology is changing the way insurance and underwriters can and will do business. Intelligent Insurer went to the Swiss Re Institute’s recent ‘Shaping modern underwriting’ event to hear about key trends and find out what the future of the industry could look like.   13 May 2019
Everest bolsters E&S casualty group with Zurich, BXM hires
Insurance
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has strengthened its excess & surplus (E&S) casualty group with the addition of two new hires in Chicago.   13 May 2019
Insurance
Lloyd's broker AFL Insurance Brokers has appointed Jonathan Bines as the new chief executive officer (CEO) of UK, and unveiled its plans to expand business in North America.   13 May 2019
Insurance
Specialist re/insurance broker THB Group has hired Zamira Thurnim as treaty director of THB Europe from Munich Re.   13 May 2019
Insurance
Re/insurance broker Aon is merging its global managing general agents (MGA) & programme solutions and global portfolio broking teams into a single unit within its UK reinsurance solutions business, in a move it hopes will enhance its growth opportunities.   13 May 2019
Insurance
Robert Bredahl has resigned from his position as the chief executive officer (CEO) of Bermuda-based reinsurer Third Point Re with immediate effect. He has been replaced by Daniel Malloy, currently CEO of the company's main operating subsidiary, on an interim basis.   10 May 2019
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Gavin Coley to the role of claims manager for energy, property and construction (EPC).   10 May 2019
Insurance
Specialist insurance and reinsurance market Lloyd’s is investing in artificial intelligence start-up Layr, a cloud-based commercial insurance platform for small businesses, following the launch of its second cohort of insurtech innovators.   10 May 2019
Insurance
Chicago-based Ryan Specialty Group (RSG) is to acquire the assets and operations of Atlantic Specialty Lines (ASL), a privately owned wholesale insurance brokerage headquartered in Richmond, Virginia.   9 May 2019

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