Beazley appoints new head of treaty reinsurance in Munich
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
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
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
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
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
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
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
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
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
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.
