Everest Insurance has appointed Chris McKeon to lead its risk management and commercial casualty business units.
Munich Re has nominated former CEO Nikolaus von Bomhard as new chairman of the supervisory board to succeed Bernd Pischetsrieder.
Swiss Re estimates its preliminary combined claims burden from recent large natural catastrophes in the third quarter of 2018 at approximately $1.1 billion, net of retrocession and before tax, dominated by weather-related losses in Japan.
Japanese conglomerate Softbank Group continues to hunt for ways to accelerate the digital upheaval in the insurance industry, including tie-ups with unspecified reinsurance players, said David Thevenon, dealmaker of the company’s Vision Fund, according to a Reuters Oct. 16 report.
Bermuda-based RenaissanceRe Holdings (RenRe) estimates losses from third quarter 2018 catastrophe events will have a net negative impact of approximately $155 million on its third quarter 2018 results of operations.
UK small businesses are being targeted with an average of 65,000 attempted cyber-attacks every day and at least one small business in the UK is successfully hacked every 19 seconds, according to a Hiscox report.
US-based property/casualty (P&C) insurer Chubb has appointed Judy Gonsalves as vice president of Chubb Group and division president of Bermuda, responsible for the commercial P&C insurance business on the island.
Broker Willis Towers Watson has formed a new claims resolution team to expand its advocacy capabilities and facilitate efficient financial recovery for its clients in complex and contested claims scenarios.
AEGIS London, a Lloyd's managing agency and the UK-based subsidiary of AEGIS, has hired James Hyett as cargo underwriter.
Reinsurance broking and risk/capital management firm TigerRisk Partners has appointed Jonathan Hughes as partner from re/insurance broker Aon.