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Beazley appoints new head of treaty reinsurance in Munich

Europe11-04-2018Insurance news, Reinsurance news, Specialty

Specialist re/insurer Beazley has appointed Martin Fricke as its new head of treaty in the company's Munich office, reporting to Patrick Hartigan, team leader of treaty business.

R&Q strikes underwriting partnership with MGA

North America11-04-2018Insurance news

Randall & Quilter Investment Holdings' (R&Q's) subsidiary Accredited Surety & Casualty Company has closed a programme underwriting partnership with independent insurance managing general agent (MGA) and wholesaler American Team Managers (ATM).

QBE replaces CFO after 7 months amidst management shake-up

Asia Pacific11-04-2018Insurance news, Reinsurance news

Australia-based QBE Insurance Group is replacing its group chief financial officer (CFO) Michael Ford who has assumed the role only in September 2017.

PICC plans $1.6bn Shanghai IPO

Asia Pacific, China11-04-2018Insurance news, Reinsurance news

People’s Insurance Group of China (PICC), which owns the nation’s biggest non-life insurer, is planning to raise more than $1.6 billion through a Shanghai listing, according to a Reuters April 10 report.

Marsh appoints CEO of Middle East and Africa from Oman Insurance

MENA11-04-2018Insurance news

Global insurance broking and risk management firm Marsh has appointed Christos Adamantiadis as CEO of a newly-combined Middle East and Africa region, and Ayman El Hout as country leader for the United Arab Emirates (UAE).

Beazley targets European expansion with new head of broker relations

Europe11-04-2018Insurance news, Specialty

Specialist insurer Beazley has appointed Andreas Bergler as head of broker relations for Continental Europe, a new role designed to support the company's expansion plans across the region.

Political risk and violence, terrorist attacks on the rise

Global11-04-2018Insurance news

Global political volatility is leading to heightened levels of political violence and political risk, according to Aon’s 2018 Risk Maps for Political Risk, Terrorism and Political Violence.

Digital startup Acko to offer first in-trip insurance in India

Asia Pacific11-04-2018Insurance news, Technology News

Mumbai-based digital insurance start-up Acko General Insurance has partnered with ride-sharing app Ola to offer a first-of-its-kind in-taxi insurance in India.

Caribbean’s parametric cat fund CCRIF SPC explores cover expansion

Latin America11-04-2018Alternative risk transfer news, Insurance news, Technology News

The CCRIF SPC (Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company) is exploring ways to scale up the cover it provides with regards to reach and products.

P&C insurance sector reserve deficiency deteriorates

Global10-04-2018Insurance news, Property cat

Property/casualty (P&C) insurance sector reserve deficiency deteriorated to $4.3 billion in 2017 from $2.5 billion in 2016, according to Morgan Stanley research.

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