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Lloyd’s profitability review could act as a catalyst to turn rates in the marine market—but larger insurers not part of the market could find it harder to achieve rate increases because of wider client relationships, Adrian Poxon, head of global specialty reinsurance, Sompo International, told Baden-Baden Today. 22 October 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
Insurance
Insurance broker Marsh has appointed Paul Denny as UK financial and professional practice (FINPRO) leader. 18 April 2018
Insurance
US-based private equity firm JC Flowers is acquiring managing general agent (MGA) UK General Insurance from Primary Group. 3 March 2017
Insurance
Insurance broker Lockton has appointed Said Taiym as executive vice president and chief digital officer. 17 April 2018
Insurance
Concern from reinsurers will drive elimination of ambiguity in primary contracts. 17 December 2019
Insurance
Risk management firm Gallagher Bassett has appointed Simon Pemberton as UK chief executive officer. 20 March 2018
Insurance
Arch Insurance has appointed Hugh Sturgess as the new CEO of Arch Insurance International, succeeding Matt Shulman who was recently named CEO of Arch Insurance North America. 21 November 2018
Insurance
RenaissanceRe Holdings and Validus Holdings registered the highest combined ratios in the first nine months of 2017, according to Fitch Ratings. 12 December 2017
Insurance
Insurance broker Lockton has hired Zurich Insurance's head of financial lines to strengthen its professional services team in the UK. 22 January 2018
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