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While reinsurers and brokers discuss the return of a market cycle most buyers just want a quiet life with no surprises—assuming they don’t feel underinsured in light of the recent hurricanes or cyber losses that have the potential to cause them sleepless nights. Intelligent Insurer reports. 18 October 2017
Insurance
The UK’s ministry of justice is introducing a bill to reduce the number of whiplash claims as well as changes to the Ogden personal injury discount rate. 20 March 2018
Insurance
The profitability of London Market insurers is set to remain under pressure in 2018, according to Fitch Ratings. 10 October 2018
Insurance
Alesia Re has recently received approval from the Cayman Islands Monetary Authority as a Class D reinsurer, with a focus on pension risk transfer and associated risks portfolios. 5 July 2016
Insurance
Insurance web aggregator PolicyBazaar raised more than $200 million in a new investment round led by the SoftBank Vision Fund. 25 June 2018
Insurance
A petition, signed by 60 organisations, has called for more than 1,300 insurance companies that do business in California to disclose the fossil fuel projects they insure and invest in. 22 March 2019
News
The Singapore Reinsurers’ Association (SRA) has re-elected Marc Haushofer, chief executive officer Asia Pacific & EVP of Validus Reinsurance Company, as its chairman for another term. 25 June 2018
Insurance
US-based private equity firm JC Flowers is acquiring managing general agent (MGA) UK General Insurance from Primary Group. 3 March 2017
News
Reinsurance broker JLT Re has hired Zurich executive Erica Davis as senior vice president in New York. She will lead the cyber and errors & omissions (E&O) practice. 15 February 2018
Insurance
The US commercial insurance composite rate averaged an increase of 2 percent in the fourth quarter 2018, which matches the composite rate for the entire year of 2018 (up 2 percent), according to analysis by MarketScout, which compiles commercial and personal lines Market Barometers. 7 January 2019
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