Lloyd’s has heralded a strong start to 2019 for the use of e-placement in the market but also noted that the rate of growth is flattening and warned against complacence at a time when the market must find ways to reduce costs and become more efficient.
US insurers with a large exposure to terrorism risk could face being downgraded by AM Best if the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is not renewed – a scenario that looks difficult at best given the hyper-partisan atmosphere pervading Washington at the moment, the rating agency has warned.
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has strengthened its excess & surplus (E&S) casualty group with the addition of two new hires in Chicago.
Lloyd's broker AFL Insurance Brokers has appointed Jonathan Bines as the new chief executive officer (CEO) of UK, and unveiled its plans to expand business in North America.
Specialist re/insurance broker THB Group has hired Zamira Thurnim as treaty director of THB Europe from Munich Re.
Third Point Reinsurance posted a record profit for a single quarter in the first quarter of 2019 as its CEO stressed its plans to focus on higher margin business going forward.
Maiden Holdings’ first quarter results were unrecognisable from previous quarters due to the impact of the termination of quota share contracts with AmTrust Reinsurance and the non-renewal of some large European deals.
Re/insurance broker Aon is merging its global managing general agents (MGA) & programme solutions and global portfolio broking teams into a single unit within its UK reinsurance solutions business, in a move it hopes will enhance its growth opportunities.
Robert Bredahl has resigned from his position as the chief executive officer (CEO) of Bermuda-based reinsurer Third Point Re with immediate effect. He has been replaced by Daniel Malloy, currently CEO of the company's main operating subsidiary, on an interim basis.
Reinsurance broker Guy Carpenter has made a series of international leadership appointments to facilitate the integration of JLT Re and execute an effective structure to help drive profitable growth in the future.