Easy access to decision makers, the quick production of policy documentation, better information on underwriter risk appetite and global coverage were some of the themes top of brokers’ wish lists when dealing with insurers, according to a survey by ACE.
Arthur J. Gallagher (AJG) has revealed changes to the organisational structure of its UK retail division, following the appointment of Peter Blanc as chief executive officer.
Tower Group International has failed to comply with listing requirements on the Nasdaq.
Bermuda-based Everest Re has appointed Gerri Losquadro to its board of directors. Losquadro recently retired as senior vice president and head of global business services at Marsh & McLennan Companies.
Third Point Re, the Bermuda-based property and casualty reinsurance firm, has said deteriorating market conditions in the reinsurance market have prompted it to limit the size of its catastrophe investment fund
Capita Insurance Services has completed a transaction to finance the start–up of Pardus Holdings by taking a minority stake.
Novae Group, the specialist listed Lloyd’s insurer, has strengthened its European property team with the appointment of Mervyn Albon as class underwriter UK & European property.
Canopius, the specialty re/insurance underwriting platform for NKSJ Holdings, has separated its existing marine and energy unit into two dedicated divisions.
The London P&I Club has reported an overall surplus of $6.6 million, which has increased its reserve to $160.6 million. The surplus in 2012/13 was $9.4 million.
The Chubb Group of Insurance Companies has created the Fine Art Practice, bringing together the expertise of its fine art resources worldwide in underwriting, loss prevention, appraisal and claims to respond to the evolving needs of its personal insurance clients with large and valuable collections.