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Insurance
Property/casualty (P&C) CEO bonus payments increased to 393 percent of salary in 2017 from 225 percent of salary in 2016, according to a study by consulting firm Compensation Advisory Partners (CAP). 20 June 2018
Insurance
US-based Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Houston, Texas-based wholesale broker Oxford Insurance Services. 24 October 2017
Insurance
Tokio Marine Kiln (TMK), provider of specialist and corporate insurance, has appointed Paul Culham as group chief underwriting officer (CUO) with effect from 1 April 2016. 16 March 2016
News
Against a backdrop of consolidation and change among global reinsurers, focused regional players can reap the rewards and offer cedants something they cannot find elsewhere: strong local knowledge and expertise, argues Fuad Kuliyev of Az Re. 23 October 2018
Insurance
Re/insurance broker Miller has hired Richard Boughton in a business production and broking role to further strengthen and grow its North American MGA business. 11 April 2017
Insurance
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, has unveiled a new management structure for its Bermuda team that includes new hires and expanded roles. 20 March 2018
Insurance
Modernising the London Market is essential if it is to compete with other re/insurance hubs and competitors in the world. But resistance from the front office, where brokers and underwriters may be reluctant to change their behaviour, could threaten the plan’s success. Intelligent Insurer reports. 11 August 2016
Insurance
The use of blockchain may help to overcome issues of trust between parties where there is a potential conflict of interest, and its use may even command a higher premium on contracts where the payment of a claim is automated, Magdalena Ramada Sarasola, senior economist at Willis Towers Watson, suggested to Baden-Baden Today. 22 October 2018
News
Benoît des Cressonnières, chief executive officer of Euler Hermes Reinsurance, with responsibility for the company’s buying programme, says he is expecting a steady renewal with little change in pricing, despite some pressure from reinsurers for rate increases on the back of the 2017 catastrophe losses suffered by many global reinsurers. 22 October 2018
Insurance
A restructure within the Mapfre Group will allow reinsurance unit Mapfre Re to expand its range of products and remit, Eduardo Perez de Lema, chief executive officer and chairman of the management committee of Mapfre Re, told Baden-Baden Today. 22 October 2018
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