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Insurance
Australia’s IAG has entered into three agreements to quota share a combined 12.5 percent of its consolidated business from Jan. 1, 2018. 8 December 2017
Insurance
Law firm Drinker Biddle & Reath has added two US lawyers to its London Office. 9 March 2015
Insurance
Tokio Marine Kiln (TMK) has completed the restructuring of its underwriting divisions along sector lines. 13 July 2016
Insurance
Insurer Chubb has promoted Tara Parchment to head its European personal risk services division, based in London. 14 September 2017
Insurance
2016 has again been a benign year in terms of large catastrophe losses, but geopolitical developments have added new challenges to the sector. Intelligent Insurer asked executives from re/insurance firms including Swiss Re, Argo, AM Best and Willis Re for their opinions on the most important developments in the re/insurance industry in 2016. 21 December 2016
Insurance
The market needs to be cautious about what the full impact of hurricanes Harvey and Irma will be, in terms of both what the final losses might be and how these may impact rates, according to Patrick Haveron, president of Maiden Re. 13 September 2017
Insurance
Technology has the potential to reduce costs of insurance, enabling expansion into uninsured markets, Swiss Re chief underwriting officer Edouard Schmid told Monte Carlo Today. 13 September 2017
Insurance
The advent of artificial intelligence (AI), the Internet of Things, robotics and big data is transforming global economic systems and, in turn, revolutionising risk assessment and underwriting through the use of machine learning algorithms, Tim Yeates, managing director of Axco, told Monte Carlo Today. 13 September 2017
Insurance
New York-based property/casualty holding company AmTrust Financial Services has amended and restated the employment contract of Ronald Pipoly, its former chief financial officer (CFO) and current executive vice president – finance. 15 June 2017
Insurance
Cost implications of continuing to access EU business and any downturn in the UK economy resulting from Brexit are likely to weigh on insurers, according to an AM Best report titled “Brexit Uncertainties Weigh on UK Insurers but Rated Entities Able to Withstand Pressure.” 20 January 2017
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