Powszechny Zakład Ubezpieczeń sa (PZU), Poland’s largest insurer, has agreed to buy four Eastern European subsidiaries of insurer RSA.
Platinum Underwriters’ net profit dipped in the first quarter of 2014 compared with the same period last year in a set of otherwise consistent results. But its CEO has warned of further downward pressure on reinsurance rates.
Catastrophe risk management firm RMS has added five catastrophe modelling companies to its ecosystem RMS(one).
Insurer ACE has established a global cyber risk practice to address growing risks and increasing customer demand.
Richard Brindle, Lancashire Holdings group’s chief executive officer and founder, will retire from the group and as a director.
Re/insurer Allied World has expanded its North American insurance operations with the opening of a branch office in Toronto, Canada.
Insurer RSA has appointed Paul Whittaker as group chief operating officer. Whittaker, currently chief executive, emerging markets will assume the role on May 1, 2014.
Re/insurance broker Willis Group Holdings has partnered with XL Group, Willis’ Food and Drink and Faber Global teams to launch a product contamination insurance proposition.
Adrian Brown, executive director and chief executive officer of RSA Insurance’s UK & Western Europe business will join Arthur J Gallagher, following his resignation from RSA Insurance.
The Casualty Actuarial Society (CAS), an organisation dedicated to advancing knowledge of actuarial science, has established a task force on cyber risk to address the rapid growth of cyber risk and the pressing need to find effective means of analysing it.