The removal of the cap on the Swiss Franc that has held back inflows has resulted in Swiss Re and Zurich shares taking a battering.
Geopolitical risks are now more of a concern for global risk management than economic risk, according to findings from the World Economic Forum’s Global Risks report.
Lloyd’s broker THB has strengthened its US transportation team with a number of hires from Arch.
John Hastings-Bass, former Gallagher chairman of international development and JLT director, has joined BMS as non-executive chairman and director.
Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, has appointed Jack Woodruff as a senior credit analyst.
AIG has appointed Samir Shah as head of capital markets and catastrophe risk as part of its vision to be the customers’ most valued insurer.
Bermuda-based Validus has strengthened its US platform with the opening of a new office in Boston.
Michael East, the head of claims at Canopius Group, has resigned. He joins QBE Europe as claims technical director.
Randall & Quilter (R&Q), the insurance services and investment company, has reached a preliminary agreement to sell R&Q Marine Services (RQMS) and the business of Synergy to the Hiscox Group.
MetLife has sued the Financial Stability Oversight Council (FSOC) to overturn its preliminary designation as a systemically important financial institution (SIFI).