Richard Ward, the chief executive of Lloyd’s, has said he will step down at the end of December this year after almost eight years in the role.
MS Frontier Reinsurance has appointed Alexander Milberg as general manager of its Kuala Lumpur office.
Peak Reinsurance Company (Peak Re), the Hong Kong based reinsurer, has made four key appointments to strengthen its underwriting and research capabilities in the Asia Pacific region.
Specialist insurer, Markel International, has appointed Esther Tun as a senior claims adjuster.
The importance of being able to speak to quality, experienced people and establishing long-term personal relationships were some of the biggest themes that shone through in the final week of our Global Survey.
Towers Watson has appointed Frederik Koencke as the first EMEA managing director of the Crisis Management group, which provides risk transfer and consulting solutions to mitigate threats such as product contamination, kidnap and ransom, marine piracy, terrorism, and cyber, political and credit risks.
ProSight Specialty Underwriters has appointed Mel Goddard as non-executive director with immediate effect.
Specialist insurer, Markel International, has appointed Mike Richardson as European retail claims manager.
Third party capital investors have entered the reinsurance sector for the long haul and, what is more, the investment opportunity will simply look even more enticing should a big loss occur.
The tentative agreement between the UK government and the insurance industry on how the risk of flooding at high risk properties will be covered has been cautiously welcomed by the industry. But some suggest the scheme is misguided.