A government Impact Assessment (IA) of changes to the UK’s personal injury discount rate, also known as the Ogden rate, has been described as “misleading and wholly disingenuous” by the Association of British Insurers (ABI).
Generali Global Corporate & Commercial (GC&C) has appointed Dawood Yeung as new head of engineering underwriting in Asia.
Broker Marsh & McLennan Companies has elected Tamara Ingram to its board of director.
Czech Republic-based reinsurer VIG Re has appointed Aleš Mirnik as new head of Central & Eastern Europe, succeeding Petr Štěpán.
Bermuda-based Catalina Holdings has appointed Steve Ryland as chief executive of its UK operations as part of the company's effort to strengthen its global management team.
Global insurer Generali has agreed two acquisition deals worth a total of €600 million to become the second largest non-life group in Portugal with a market share of 18.7 percent, making it the third largest business in the market.
Munich Re expects €1bn profit in second quarter 2019 due to lower expenditure and high reserve releases
Germany-based global reinsurer Munich Re expects to report a consolidated result of approximately €1 billion for the second quarter of 2019.
Re/insurance broker Lockton has hired Willis Towers Watson cyber expert Anthony Dagostino to further expand its cyber and technology practice, and develop analytics-driven tailored solutions for clients that target their real, underlying cyber risk.
Insured losses from Hurricane Barry, the second named storm of the 2019 North Atlantic hurricane season, will not top $500 million, global risk modeling and analytics firm RMS has said.
Independent Lloyd’s broker AFL Insurance Brokers has hired experienced brokers Mark Ritson and Peter Draper as directors of international property and energy.