News

Insurance

California wildfires to cause record losses: AM Best

Wildfire losses in California will reach record levels in 2018 after three different fires erupted in November and will force insurers to re-price and reassess their California exposures, according to AM Best estimates.   14 November 2018

Insurance

AXIS Insurance hires former Marsh exec as senior vice president

AXIS Insurance, a subsidiary of AXIS Capital, has appointed Tracy Harrington Cloud as senior vice president, international distribution and broker management.   21 October 2016

Insurance

Lobby group urges reforms to US flood insurance programme

The Banking Committee which will soon act on the US flood insurance reauthorization and reform National Flood Insurance Program (NFIP) should make meaningful reforms to the programme to ensure it is financially stable in the long-term, lobby group SmarterSafer said.   30 June 2017

Insurance

UK SME’s grow cyber protection but coverage rates still low

The uptake of cyber insurance by UK small and medium enterprises (SMEs) has grown significantly in recent years but coverage remains low compared to other commercial products, according to research and consulting firm GlobalData.   23 March 2017

Insurance

Pen Underwriting names head of cyber liability

Pen Underwriting has appointed Adrian Scott as head of cyber liability. He joins from Ridge Global, a cybersecurity firm where he was executive vice president and chief underwriting officer.   21 July 2016

Insurance

Berkshire Hathaway Specialty hires four to boost transactional liability offering

Berkshire Hathaway Specialty Insurance (BHSI) has expanded its transaction liability insurance lines in the US and Canada, and has appointed Robert Underhill as senior vice president to head this operation.   20 July 2016

Insurance

HDI Global opens new Swiss office to target expansion

European industrial lines insurer HDI Global has strengthened its presence in the Swiss market with a new office in Berne, its third in the country after Zurich and Lausanne.   21 June 2017

Insurance

PRA approves all UK solvency internal models

The Prudential Regulation Authority (PRA) has approved all UK solvency internal models.   7 December 2015

Insurance

Hardy boosts casualty division

CNA Hardy has expanded its casualty division with the appointments of Jeremy Smart and Steve Piper.   15 January 2015

Insurance

Willis Towers Watson boss Aubert reappointed as LMG chair

The London Market Group (LMG) has reappointment Nicolas Aubert, head of Great Britain for Willis Towers Watson, as its chairman for another term.   28 April 2017

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