Mactavish, a UK-based commercial insurance placement and disputes firm, has made two senior hires from the insurance sector to meet the 'growing demand' for its services.
Flood Re, a joint initiative between the UK government and insurers, has made key proposals that would see it work with insurers to help claimants “build back better” by permitting the payment of claims to include an additional amount for resilient or resistant repair, “above and beyond the original damage”.
Re/insurer AXA has appointed Joanne Howliston as regional director, commercial lines, for UK's North region.
Personal lines rates for US homes are up in all locations but “Florida and California are getting hit the hardest,'' according to US MGA and wholesale broker MarketScout.
Fairfax-owned insurance run-off management company RiverStone has acquired New York-based third-party administrator and loss adjuster Rockville.
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has named Steven Beadle as chief financial officer (CFO) and Chen Foley as head of Bermuda claims.
French government backed reinsurer CCR Re has hired Olivier Kweitel Collignon as senior underwriter from Partner Re.
Christchurch City Council is considering insurance-linked securities (ILS) to increase its insurance cover for underground assets such as water and waste pipes.
Specialty re/insurer Canopius has made four new appointments for its recently established Canopius Australia & Pacific branch in Sydney, which has also gained binding authority approval from Lloyd’s.
Re/insurance broker Aon has launched an IFRS 17 (International Financial Reporting Standard) solution on its capital modelling platform to help insurers fulfil their reporting obligations.