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Insurance
Aspen American Insurance Company, a subsidiary of Bermuda-based Aspen Insurance Holdings, has formed a strategic alliance with US Risk to offer a specialty insurance product for the marine industry in the US. 11 April 2017
Insurance
Re/insurer QBE North America, part of QBE Insurance Group, has appointed John Beckman as chief underwriting officer. He will also serve as a member of the QBE North America executive management board and chair of the North America underwriting committee. 11 April 2017
Insurance
Bermuda-based re/insurer Sompo International has appointed Victor Sordillo as senior vice president and loss control leader. 11 April 2017
Insurance
Bermuda-based Aspen Insurance Holdings expects to increase carried reserves for impacted lines of business by approximately $30 million on a pre-tax basis in the first quarter of 2017 as a result of the change in the Ogden rate in the UK. 30 March 2017
Insurance
Specialist Lloyd's insurer Novae's divisional head of casualty Bob Patten is leaving the company after two years. 24 March 2017
Insurance
Aon has signed a definitive agreement to sell its benefits administration and HR business process outsourcing (BPO) platform for a cash consideration of $4.3 billion to Blackstone, a private equity and alternative asset management corporation. 10 February 2017
Insurance
Insured loss estimates from major natural catastrophes in 2016 reached $39.5 billion, the highest since the annual market losses of $60 billion in 2012, according to Willis Re’s 2016 Summary of Natural Catastrophe Events report. 10 February 2017
Insurance
The UK Government’s Department for Transport has proposed legislation that aims to end the confusion as to who the blame falls with if an autonomous vehicle is involved in an accident. 10 February 2017
Insurance
After restructuring its insurance business in the fourth quarter which contributed to a loss for the period, Aspen believes that the company is ready for profitable growth. 10 February 2017
Insurance
The Lloyd's Market Association (LMA) has appointed six executives to its claims committee LMACC for a two-year term. 10 February 2017
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