Novae Group, the specialist listed Lloyd’s insurer has appointed Anne Plumb, formerly of Mitsui Sumitomo Insurance, as unit head of international open market property.
Sergio Balbinot has extended his mandate as president of Insurance Europe for another year, at the unanimous request of members.
The expected renewal of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is likely to lead to the imposition of higher deductibles and risk retentions on US P&C insurers, according to Moody’s.
The board of directors of Assicurazioni Generali has resolved to exercise the demerger option from Telco.
The reinsurance industry will likely see more merger and acquisition (M&A) activity in the coming years as competitive pressures within the sector increase, according to speakers at the Standard & Poor's Ratings Services' 30th Annual Insurance Conference this week.
Companies should be wary of merging where there is no strategic rationale and no synergies regardless of competitive pressures in the industry that will force companies to consider consolidation, according to Constantine Iordanou, chief executive of Arch Capital.
For the first time in 20 years, the UK motor insurance industry has made an underwriting profit.
Rating agency Fitch Ratings has upgraded Lloyd's of London's (Lloyd's) financial strength and creditworthiness, as it expects the insurer to deliver stronger underwriting performance.
US insurer Travelers has made a number of new appointments following the departure of Bill Cunningham, who served as executive vice president, business insurance.
BMS Group has added new automated storm reporting capabilities to its catastrophe risk management system iVision.