Articles

Insurance

Downstream energy market struggles, upstream in good health: Willis Towers Watson report

There has been a decrease in underwriting capacity for the downstream energy market for the first time since 2001 and the prospects for this segment look bleak after a disastrous couple of years for insurers, Willis Towers Watson has claimed in a new report.   4 April 2019

Insurance

AXIS Capital outlook changed to 'negative' by Moody's

Rating agency Moody's has revised its outlook of Bermuda-based AXIS Capital Holdings and its operating subsidiaries to negative from stable, reflecting the re/insurer's lower capitalisation and higher operating and financial leverage relative to peers.   4 April 2019

Insurance

London Market Group unveils new post-Brexit trade priorities

The London Market Group (LMG) has unveiled a number of key priorities that it will seek to work on in order to take advantage of the new trading opportunities that may emerge in the post-Brexit environment.   4 April 2019

Insurance

Generali hires RSA's Steven Zuanella as group chief digital officer

Italian insurer Generali has hired Steven Zuanella as new group chief digital officer.   4 April 2019

Insurance

Everest Insurance promotes Dane Lopes to chief commercial officer

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has appointed Dane Lopes to the expanded position of chief commercial officer.   4 April 2019

Insurance

McLarens appoints Smart to new global leadership role, Wallace to lead UK business in growth move

Global loss adjuster McLarens has appointed Graham Smart to the newly created global role of chief commercial officer, as it looks to ramp up its strategic growth plans and expand its service offerings.   4 April 2019

Insurance

Global M&A market "underperformed" in Q1 2019: Willis Towers Watson

The global mergers and acquisitions (M&A) market as a whole "underperformed" for the sixth consecutive quarter in the first quarter of 2019, according to Willis Towers Watson's latest report.   3 April 2019

Insurance

Tokio Marine Kiln appoints new head of reinsurance succeeding Huckstepp

Specialist and corporate insurer Tokio Marine Kiln (TMK) has appointed Will Curran as the new head of reinsurance.   3 April 2019

Insurance

Blockchain initiative B3i secures new funding from re/insurers; forms board of directors

The blockchain insurance industry initiative B3i has secured investment from three new re/insurers, alongside existing shareholders, in its latest funding round.   3 April 2019

Alternative Risk Transfer

Willis Re: reinsurers adopt ‘rational rating approach’ for April 2019 renewals

Reinsurers have adopted a rational rating approach for 1 April renewals with price increases of up to 25 percent concentrated on loss-affected contracts and programmes, Willis Re has said.   3 April 2019

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