Articles
Insurance
Paul Jardine, previously Catlin’s chief operating officer and now responsible for XL Group’s communications & marketing function, claims and distribution strategy, is the favourite candidate for Inga Beale’s successor as CEO of Lloyd’s of London, according to a survey by Intelligent Insurer. 6 July 2018
Insurance
Global insurance premiums increased 1.5 percent to nearly $5 trillion in 2017, after rising 2.2 percent in 2016, according to the annually published "world insurance" sigma report. It also revealed that global life premiums increased 0.5 percent in 2017, while global non-life premiums rose 2.8 percent. Growth in both the life and non-life sectors slowed. 5 July 2018
Insurance
China will represent the most significant factor in insurance growth in the coming years though profitability will remain under pressure as long as interest rates remain low, economists from Swiss Re have said in the annually published "world insurance" sigma report in a segment specifically examining the data over the last 50 years. 5 July 2018
Insurance
At the launch of a new industry-wide pledge designed to change behaviours and create a more inclusive work environment across the sector, Lloyd’s of London CEO Inga Beale has acknowledged that a lot has been achieved – but that more must be done and work needs to go on. 4 July 2018
Insurance
Broker Aon has appointed Andrew Matson as leader of its newly formed global portfolio broking team within the reinsurance solutions business. 4 July 2018
News
Traditional insurers are struggling to offer appropriate insurance products that address the particular needs of the sharing and gig economies, according to experts at a 2018 Insurtech Insights conference panel discussion on June 19 and 20 in London. 4 July 2018
Insurance
Rating agency AM Best has downgraded the financial strength ratings of AmTrust Financial Services’ insurance units to ‘A-’ from ‘A’. They were previously under review with negative implications. 4 July 2018
Insurance
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency, a St. Paul, Minnesota-based surety and property/casualty agency specialising in the construction industry. 4 July 2018
Insurance
Specialist insurer Tokio Marine Kiln (TMK) has established a $100 million intellectual property (IP) facility with broker Aon and several other Lloyd’s syndicates. 3 July 2018
Insurance
Zurich Insurance Group has appointed Mark Peters as the new head of Oak Underwriting, a UK-based high net-worth insurance specialist, which it acquired from RSA Insurance. 3 July 2018
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