Global professional services firm Aon has hired Richard Phelps as an Enterprise Client Group leader as part of expansion plans. He will report to Jim Herbert, co-global head of the company’s Enterprise Client Group.
Attacks on two oil tankers in the Gulf of Oman on Thursday will force insurance underwriters to scrutinise voyages more closely with premium increases for vessels in the region a “near certainty”, an industry expert has said.
Ascot's non-executive chairman Richard Dearlove believes Brexit is 'a sideshow' and is likely to have a minimal impact on the London re/insurance market.
New York-based insurance start-up Sure has raised an additional $12.5 million in a Series B funding round led by WR Berkley Corporation, bringing its total financing to $23.1 million.
Allianz Global Corporate & Specialty SE (AGCS) has reorganised its aviation and marine management team, in a move it hopes will drive growth and profitability in its specialty business.
Specialty re/insurer Chaucer has appointed Sarfraz Pivano as accident & health treaty underwriter in the reinsurance division.
UK insurer Legal & General Group has developed what it claims to be the "first pension risk transfer execution platform driven by blockchain technology" using Amazon Web Services (AWS).
Lloyd’s of London CEO John Neal said the market needs to seize a once in a generation opportunity to digitise and innovate or risk becoming irrelevant.
Massachusetts-based insurtech firm Hi Marley has secured $8.7 million Series A funding from early stage venture capital firm True Ventures, with participation from Underscore VC.
French reinsurer SCOR's international life and health subsidiary SCOR Global Life has made three new appointments to strengthen its position in the French market.