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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
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
Insurance
The Hartford, a US-based property/casualty insurance firm, has appointed Morris Tooker as the head of its middle market segment that offers multiline commercial insurance coverages for midsize and larger businesses. 31 March 2017
Insurance
US-based Ryan Specialty Group (RSG) has announced that it has reached a definitive agreement to acquire all the assets of managing general agency (MGA) LoVullo Associates, a wholesale insurance brokerage and binding authority operation based in New York. 31 March 2017
Insurance
Yachtpod Risk Partners has launched an underwriting cell on the Castel Underwriting Agencies managing general agent (MGA) formation platform to offer dedicated superyacht insurance on a global basis. 30 March 2017
Insurance
Pressure facing the global reinsurance sector may be magnified in Bermuda, rating agency AM Best suggested. 30 March 2017
Insurance
Property/casualty insurer Chubb has appointed John Thompson as division president of the company's international accident and health (A&H) insurance business, and Soledad Muné as chief underwriting officer (CUO) for international personal insurance. 30 March 2017
Insurance
Insurance firm Liberty Mutual has appointed Jeff Duncan senior vice president and chief underwriting officer of its operation focused on helping healthcare providers and the brokers who support them better manage the total cost of risk. 30 March 2017
Insurance
American International Group (AIG) has announced that Donna DeMaio will rejoin the company as executive vice president and chief auditor with effect from April 17. 29 March 2017
Insurance
Following the acquisition of Bermuda-based Endurance, Sompo Japan Nipponkoa Insurance has launched a fully integrated global commercial insurance and reinsurance platform based in Bermuda, which has been named Sompo International. The new corporation will have its own board, led by John Charman as chairman and CEO, reporting to the Sompo CEO Kengo Sakurada. 29 March 2017
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