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Effective risk management to boost capacity in the Middle East

MENA, Middle East17-03-2014Insurance news

The “above average” approach to risk management from the Middle East’s energy sector may result in better rates and capacity in the insurance market, according to research by Marsh.

Buffett cuts US cat business

North America17-03-2014Insurance news

Warren Buffett, chairman and chief executive of Berkshire Hathaway has cut most of the company’s catastrophe insurance business in the US, stating a decrease in interest rates as the reason.

Insurance M&A activity down in 2013

Africa, Asia Pacific, Europe, Latin America, North America14-03-2014Insurance news

2013 proved to be a weak year for deal flow in the insurance industry—particularly in risk-bearing sectors, according to a new study by Conning, with transaction numbers down 6.7percent compared with 2012 and the aggregate deal values down 55.3 percent.

AIG nominates BlackRock man to board

North America14-03-2014Insurance news

American International Group is nominating a former head of Fixed Income at BlackRock who also boasts experience with financial regulators in the US and the UK to sit on its board.

US Senate clears flood bill to prevent rate increases

North America14-03-2014Insurance news

The US Senate has cleared a bill which will prevent the proposed flood-insurance premium increases for areas including Florida, Louisiana and New Jersey, which could have seen home owners face a 25 percent rate increase annually.

St. Johns appoints former Aon leader

North America14-03-2014Insurance news

US insurer St. Johns Insurance has appointed Hugh Brewer to the board of directors.

Lockton expands REAC team

North America14-03-2014Insurance news

Insurance broker Lockton has expanded its Real Estate and Construction (REAC) team with the appointment of a claims consultant and client executive, bringing the total number in the team to 71.

Kennedys appoints London insurance partner

Asia Pacific, Europe14-03-2014Insurance news

Law firm Kennedys has strengthened its international corporate insurance practice with the appointment of Michael Skrbic as a partner in the London office.

RGA attains 50th AURA client

North America14-03-2014Reinsurance News

RGA Reinsurance Company (RGA) has gained its 50th client for its electronic underwriting solution, Automated Underwriting and Risk Analysis (AURA).

ASEAN Economic Community to generate opportunities in 2015

Asia Pacific14-03-2014Insurance news

The formation of the Association of Southeast Asian Nations (ASEAN) Economic Community will present significant opportunities for independent insurance brokers in 2015 said Brokerslink Chairman, José Fonseca speaking at the Brokerslink Asia Pacific regional conference.

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