Articles

Insurance

AM Best withdraws credit ratings of AEGIS Lloyd’s Syndicate 1225

Rating agency AM Best has withdrawn its ratings of Lloyd’s Syndicate 1225, which is managed by AEGIS Managing Agency, at the firm's request.   4 June 2018

Insurance

Pembroke’s GIC Syndicate April launch approved

Pembroke Managing Agency has been granted approval by Lloyd’s to establish and manage GIC Syndicate 1947, which has been cleared to underwrite business from April 1.   19 March 2018

Insurance

Lloyd’s confirms John Neal as CEO

John Neal has been appointed as the CEO of Lloyd’s of London following a meeting of the Council of Lloyd’s.   7 September 2018

News

Soft reinsurance market won’t turn in 2017: Fitch

Premium rates are set to further decline in reinsurance throughout 2017 due to overcapacity and sluggish demand, according to Fitch Ratings.   16 May 2017

Insurance

Sompo employee sues Chubb over $600,000 compensation

Sompo CEO Global Risk Solutions Michael Chang, who was a Chubb employee from 1996 until 2016, is suing his former employer over $600,000 related to vested deferred stock awards, according to a court document filed at the US District Court for the District of New Jersey on April 11, 2018.   12 April 2018

Insurance

Insurtechs Socotra and Coya join forces to enhance digital products

Insurtech Socotra has partnered with Berlin-based digital insurance startup Coya to build “advanced and differentiated insurance offerings”.   12 April 2018

Insurance

Washington bans NRA-branded insurance

Washington is following New York in banning the sale of insurance policies branded by the National Rifle Association (NRA) while fining two companies involved in underwriting and selling them in the state.   17 January 2019

Insurance

Liberty Specialty creates new senior role for Xchanging exec

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed Paula Wilson to the newly-created role of head of marketing.   16 March 2018

Insurance

Marsh appoints CEO of Middle East and Africa from Oman Insurance

Global insurance broking and risk management firm Marsh has appointed Christos Adamantiadis as CEO of a newly-combined Middle East and Africa region, and Ayman El Hout as country leader for the United Arab Emirates (UAE).   11 April 2018

Insurance

Digital startup Acko to offer first in-trip insurance in India

Mumbai-based digital insurance start-up Acko General Insurance has partnered with ride-sharing app Ola to offer a first-of-its-kind in-taxi insurance in India.   11 April 2018

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