The insurance industry needs to examine the detail of contracts with much more care than usual. That is the view of Matt Fairfield, founder and chief executive officer of ANV Holdings.
Reinsurers need to challenge cedants about their risk management practices and the way they analyse their portfolios. This is the opinion of Henri de Castries, the chief executive of French insurer AXA.
Willis Group has appointed Dominic Casserley as the company’s next chief executive officer (CEO), effective January 7th, 2013.
JLT Reinsurance brokers (JLT Re) has appointed Sergey Grazhdankin and Edmond Wodehouse, as partners in the non-marine team, for Central and Eastern Europe.
Xchanging has re-launched its software business as ‘Xuber’ in a bid to dominate the insurance software market.
Commercial insurance premiums in the US amounted to $237 billion in 2010, making it the largest commercial insurance market in the world, according to the latest Swiss Re Sigma study.
Tokio Millennium Re Zurich has appointed Anne Bontoux as senior underwriter responsible for underwriting and client management in France, Italy, Spain and Portugal.
Argenta Syndicate Management has announced the appointment of Barney Smythe as power and utilities underwriter and Joanne Reynolds as cargo and specie underwriter.
RMS has launched a new modelling platform, RMS LifeRisks, which is aimed at the life insurance and pension risk management industry.
Rating agencies are aiding the anti-corruption process in Russia by providing ratings to companies that have worked to meet their high standards, according to Stefan Holzberger, managing director, analytics at AM Best.