350% rise in London Market brokers using electronic placement
London Market brokers are increasingly embracing the use of electronic placement with the number of risks placed this way increasing by 350 percent in the past 12 months, according to data released by the Board of the London and International Insurance Brokers Association (LIIBA).
Foreign reinsurers can now outbid GIC Re for business in India
Foreign reinsurers operating in India will now stand a better chance of winning business in the country after the Insurance Regulatory Authority of India (IRDAI) changed its rules around how domestic insurers buy reinsurance, according to media reports in India.
Re/insurers can help solve challenge of ‘chronic climate risk’: Aon
Re/insurers can capitalise on a growing capital efficiency gap caused by the impact of climate change if they can educate buyers and develop products able to solve some of these challenges, according to Greg Lowe, global head of resilience and sustainability at Aon, in a new report called ‘Weather volatility and chronic climate risk: a growing capital efficiency gap.’
Haven Holdings hires former CIMA insurance boss as COO
Haven Holdings, a specialist runoff insurer based in Puerto Rico, has appointed Gordon Rowell as the chief operating officer of Time Insurance Company, a business it recently acquired from Interfinancial, a subsidiary of Assurant.
MarketScout expands in California with new hire
MarketScout, the electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has expanded its private client solutions team with the addition of Eduardo Crema as a production underwriter.
SCOR merges Global Life units, leadership
SCOR Global Life has merged its global markets and client solutions teams under one leadership structure.
Charles Taylor expands liability offering with swathe of hires
International loss adjuster Charles Taylor Adjusting (CTA) has expanded its property and casualty offering with the addition of six new loss adjusters specialising in complex corporate liability claims.
Liberty gains licence for new Luxembourg Brexit unit
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has secured a licence for its European insurance company Liberty Mutual Insurance Europe SE (LMIE) to operate from Luxembourg.
US, UK to sign re/insurance agreement as Brexit looms
The US Department of the Treasury and the Office of the US Trade Representative intend to sign a bilateral agreement between the US and the UK on prudential measures regarding insurance and reinsurance (US-UK Covered Agreement) as the UK leaves the EU.
Enstar, Allianz, Hillhouse invest $470m in Enhanzed Re
Bermuda-based Enstar Group, Germany’s Allianz and investment firm Hillhouse have made equity investment commitments in aggregate of $470 million as part of a joint venture to Enhanzed Reinsurance, a Bermuda-based Class 4 and Class E reinsurer.
