The Corporation of Lloyd’s is introducing a mandate for electronic placement following approval from the Lloyd’s board and council.
As reinsurers seek to diversify, they are increasingly attracted to the primary insurance market and operations management. This is a trend that digital solutions provider Davies Group can benefit from following its acquisition of specialist insurance and professional services provider Ambant last year, its CEO told Intelligent Insurer.
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, has unveiled a new management structure for its Bermuda team that includes new hires and expanded roles.
The New Zealand government is set to increase the cap limit on residential building earthquake cover (EQC) to $150,000 from previously $100,000.
Broker Aon UK has hired Matt Kimber as new chief risk officer (CRO) from Jardine Lloyd Thompson Group (JLT).
Capsicum Re is to serve as a reinsurance broker for Arch Capital Group’s new mortgage credit risk transfer programme IMAGIN, a part of its new Washington DC-based subsidiary Arch MRT.
Risk management firm Gallagher Bassett has appointed Simon Pemberton as UK chief executive officer.
The UK’s ministry of justice is introducing a bill to reduce the number of whiplash claims as well as changes to the Ogden personal injury discount rate.
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has promoted Joanna Hitchcock to the newly-created role of Paris-based terrorism underwriter.
Bermuda-based Everest Re Group and Hudson Structured Capital Management (HSCM) have entered into a strategic agreement that will see the reinsurer invest across several of HSCM’s investment funds, including as the anchor investor in HSCM’s new insurance technology strategy that will launch in early 2018.