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Insurance
Re/insurer MS Amlin has confirmed that it will be exiting the aviation insurance market, effective from today, when it will cease underwriting aviation insurance renewals or new business. 14 October 2019
Insurance
Global insurance broker, risk management services and consulting firm Gallagher has extended its investment in Scandinavia by acquiring specialist Swedish broker Proinova. 14 October 2019
Insurance
CLS Risk Solution has launched its Public Procurement Insurance (PPI) for the broker market, having seen a 10-fold rise in enquiries following a recent legal ruling. 14 October 2019
Insurance
Pen Underwriting’s innovative escape of water claims process could save industry almost £100m a year
A new escape of water claims process devised and delivered by specialist insurance business Pen Underwriting, in partnership with third-party administrator Davies Group, has the potential to reduce related industry indemnity spend by almost £100 million a year, Pen Underwriting said. 14 October 2019
Insurance
Economic development is expected to deteriorate significantly from +32 percent currently to -5 percent worldwide according to a new study by German online statistics portal Statista. 14 October 2019
Insurance
The insurance industry has no need for the supplementary regulations proposed by the Organisation for Economic Co-operation and Development's (OECD) for the so-called “pillar one” of its programme of work to develop a consensus solution to the taxation challenges arising from the digitalisation of the economy, according to a position paper published today by Insurance Europe, the European insurance and reinsurance federation. 14 October 2019
Insurance
Healthcare liability insurer MedPro Group (MedPro) has entered into a definitive agreement with Swiss Re Corporate Solutions (SRCS) to acquire the renewal rights to SRCS’s healthcare professional liability book of business effective October 11, 2019. 14 October 2019
Insurance
Globe Underwriting, the UK based managing general agent, has appointed Dan Watson as senior engineering underwriter. 14 October 2019
Insurance
Independent consultancy firm GreenKite has launched, dedicated to providing advice, support and solutions for the Insurance and financial services industry. 14 October 2019
Insurance
Private US property/casualty insurers’ surplus reached a new record of $802.2 billion in the first half of 2019, pushed up by insurers’ income and unrealised capital gains, according to Verisk, a data analytics provider, and the American Property Casualty Insurance Association (APCIA). 14 October 2019
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