US-based global insurance broker AmWINS Group has promoted Scott Purviance to succeed Steven DeCarlo as the company’s CEO, effective May 1, 2018.
The California insurance commissioner and legislators unveiled eight bills (six of which have already been introduced) and two additional legislative proposals designed to strengthen consumer protections for wildfire survivors.
Lloyd's underwriting syndicate Probitas 1492 has hired Mark Smith from QBE to join its financial lines team as senior underwriter for management liability.
Insurance broker Lockton has promoted Nate Mundy to senior vice president and chief operating officer of its Pacific operations in the US.
Property/casualty (P&C) rates have risen in the Jan. 1, 2018 renewals for the first time since 2013, but rate increases remain modest despite large catastrophe losses in 2017, according to Fitch Ratings.
Cyber threat continues its upward trend globally, ranking 2nd in the Allianz Risk Barometer in 2018 compared to the 15th place five years ago.
General Electric (GE) is taking an after-tax GAAP charge of $6.2 billion for the fourth quarter of 2017 on its legacy insurance portfolio.
Specialty re/insurer Canopius has appointed William Kelly (Bill) as senior vice president in the US management & professional lines team to further expand its offering in the US.
Navigators Management (UK) and Thomas Miller Specialty have entered into exclusive discussions under which Thomas Miller Specialty would acquire Navigators’ fixed-premium protection and indemnity business.
Reinsurance broker JLT Re has appointed Aon's chief operating officer as its Asia Pacific CEO. Jeremy Fox replaces Stuart Beatty, who is leaving the business to pursue alternative career opportunities.