Specialty insurer Beazley expects the cost of claims arising from the 2018 California wildfires to be around $40 million, net of reinsurance.
Reinsurance, wholesale and specialty broker Ed has hired Willis Re executive Jo Kendall as head of catastrophe and exposure management.
The Insurance Regulatory Authority of India (IRDA) has rejected the proposal of Prem Watsa-owned Fairfax India Holdings to acquire India-based reinsurance firm ITI Reinsurance, according to a December 4 report by the Indian Express.
Brexit uncertainty, mounting costs and increased competition are exposing British businesses to greater levels of trading risk which by turn is increasing demand for trade credit cover, according to QBE.
The UK government has recognised that the London Market does need to see significant changes to the EU equivalence regime but there are no equivalence frameworks for insurers under Solvency II or for brokers under the Insurance Distribution Directive, said Clare Lebecq, CEO of the London Market Group (LMG).
US-based property/casualty insurer The Hartford expects an impact of $350 million to $365 million pre-tax, primarily from the Camp Fire in northern California, in the fourth quarter of 2018.
Insurer MetLife has appointed new leaders for Japan and the EMEA region following the departure of Sachin Shah, chairman, president and CEO of MetLife Japan.
Zurich Insurance Group wants to improve the performance of its commercial insurance business in North America in order to lower the combined ratio of its overall operations in the region.
American International Group (AIG) has appointed Sachin Shah as chief executive officer (CEO) of Asia Pacific, AIG General Insurance.
American International Group (AIG) has appointed Mark Lyons as executive vice president and chief financial officer (CFO), succeeding Sid Sankaran.