Managing general agent European Property Underwriting (EPU) has secured what it described as a transformational capacity arrangement with a number of partners, led by HDI Gerling, with co/reinsurance participations from Liberty Mutual Insurance and Swiss Re Corporate Solutions.
Market conditions for UK non-life insurers are challenging as pricing remains weak across most business lines amid fierce competition, according to a new report by ratings agency AM Best.
Re/insurance company Validus Holdings has estimated that its losses relating to the explosion at the port of Tianjin, China, on August 12, and the earthquake in Chile on September 16, could reach $63.9 million.
The Federation of European Risk Management Associations (FERMA) has published a guide for risk managers across Europe on the implications of new legislation that will change the legal framework for commercial insurance in the UK.
Modus, a managing general agent (MGA) that specialises in electronically traded insurance products, has made a number of appointments to its management team.
Lincoln Financial Group has announced that Douglas Miller, senior vice president (SVP) and chief accounting officer, will retire on March 31, 2016, after more than 30 years with the company.
ACE has appointed Captain Sivakumaran Divakaran as its new marine risk manager for Asia Pacific.
Volkswagen’s industrial-scale emissions fraud could have been better assessed using state-of-the-art scenario modelling, according to Russell Group, provider of software and services to the global insurance industry.
LCL Acquisitions, a subsidiary of insurance services provider Charles Taylor, is to sell its holding in Bestpark International, an insurance company in run-off, to Ashbrooke Financial Group.
Mercer, the consultancy unit of Marsh & McLennan, has acquired Human Resources Business Solutions (HRBS), a provider of career and talent consulting and information services to clients across Asia.