Arch Insurance Group has launched an increased limits product of up to $5 million on its general liability coverage in the newly-formed contract binding operations.
Lambros Lambrou, Aon’s current head of the London Global Broking Centre and chief Broking officer for Europe, Middle East and Africa (EMEA) will step in to the role of chief executive officer of Aon Risk Solutions (ARS) Australia from January 2014.
Ascent Underwriting, a Managing General Agent (MGA) specialising in emerging risks, has appointed Delvin Tillett to strengthen its underwriting team.
Brokers Marsh & McLennan and Aon Benfield have indicated their support for renewal of the Terrorism Risk Insurance Act (TRIA).
Catlin Group, a sponsor of the Catlin Seaview Survey expedition for two years, introduced a global database and online research tool relating to major coral reef ecosystems. The Catlin Global Reef Record will enable scientists around the world to collaborate and understand changes to coral reefs and related marine environments.
According to Aon Benfield’s Evolving Criteria report, which reviews the latest developments in rating agency protocol and impact for the insurance industry in the Asia Pacific region, the regional insurance markets have slowly recovered from 2011.
The sidecar recently formed by Aon and Berkshire Hathaway, whereby the latter takes a 7.5% quota share on all retail subscription business placed by Aon with some Lloyd’s participation, has resulted in more business being placed in the Lloyd’s Market, according to a letter seen by Intelligent Insurer.
Moves are afoot to bring aviation war risk insurance in the US back into the private market. War risks have been covered by the US federal government since private coverage was cancelled in the wake of the September 11, 2001, terrorist attacks.
Specialty insurance company ProAssurance Corporation will be the majority capital provider to the proposed new Syndicate 1729 at Lloyd's of London. The syndicate will be led by Duncan Dale, a reinsurance underwriter with more than 30 years of experience in Lloyd's and the London insurance and reinsurance market.
Aon has made a number of changes to its senior management team.