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Insurance
Texas-based US Risk Insurance Group, a specialty lines underwriting manager and property/casualty wholesale broker, has acquired IMS London American Brokerage and Underwriting Services. 10 July 2017
Insurance
UK comprehensive car insurance prices rose 18 percent on an annualized basis to £847 in the second quarter, the biggest quarterly rise in seven years, pushing the cost of UK car insurance close to an all-time high. 10 July 2017
Insurance
Delta Insurance Singapore, which describes itself as the first cyber, technology and financial lines Lloyd’s Coverholder in Singapore, has opened for business. 4 July 2017
Insurance
SCOR Global Life Americas has made key leadership changes to its life and accident reinsurance unit. 30 June 2017
Alternative Risk Transfer
Excess capacity and strong competition among traditional and ILS markets have again been instrumental in driving rates down, says JLT Re. 29 June 2017
Insurance
Private auto net incurred losses will increase by nearly 7 percent in 2017 to a new record of approximately $154 billion, reflecting elevated volume and costs of claims, according to the third annual US Property & Casualty Insurance Market Report by S&P Global Market Intelligence. 29 June 2017
Insurance
The Latin American insurance sector shrank by 3.7 percent year-on-year in 2016 following the depreciation of most of the region’s currencies, according to the latest annual study on the Latin American insurance market. 27 June 2017
Insurance
Lloyd’s CEO Inga Beale has detailed a new oversight approach in her June 26 half-yearly market briefing and plans for a 10 percent headcount reduction. 26 June 2017
Insurance
The private US property/casualty insurance industry saw its net income after taxes drop 42.2 percent year-on-year to $7.7 billion in the first-quarter of 2017, according to ISO, a Verisk Analytics business. 26 June 2017
Insurance
Bermuda-based AXIS Insurance, a part of AXIS Capital Holdings, has appointed Marc Nance to executive vice president, excess and surplus property. He will be based in AXIS' Chicago office. 26 June 2017
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