News

Insurance

Joint Hull Committee appoints AXA's Newton as new chairman

London-based Joint Hull Committee (JHC) has appointed Paul Newton as its new chairman, succeeding Peter Townsend, who stepped down in June.   22 August 2018

Insurance

Chubb overtakes AIG in US cyber insurance ranking

Chubb has surpassed American International Group (AIG) to become the largest cyber underwriter in the US, according to data by AM Best.   21 August 2018

Insurance

Chinese insurtech ZhongAn gets SoftBank backing to go international

ZhongAn International, a subsidiary of China's first internet-based insurer ZhongAn Online P&C Insurance, has received a strategic investment from the Japanese investor SoftBank Vision Fund.   21 August 2018

Insurance

AFL replaces CFO with Towergate hire in growth move

Independent Lloyd’s broker AFL Insurance Brokers has replaced its current chief financial officer (CFO) Keely Dalfen with a new hire from Towergate.   21 August 2018

Insurance

Cincinnati insurance chief to step down; prompts leadership reshuffle

Jacob Scherer, Jr., chief insurance officer and executive vice president of property/casualty insurance group The Cincinnati Insurance Company, is to retire in August 2019.   21 August 2018

Insurance

XL Catlin appoints North America global risk leader from AIG

Re/insurer XL Catlin has appointed Chris Kopser to lead its global risk management insurance North America division as president.   21 August 2018

Insurance

Cyber stress test reveals potential insured losses

A modeled single-event cyber catastrophe would generate “meaningful to significant” gross losses for three of the top 20 cyber insurance providers, ranging from 15 percent to 119 percent of these companies’ estimated 2022 policyholder surplus under a stress-test scenario, according to AM Best.   21 August 2018

Insurance

Western Japan floods trigger up to $4bn claims

Industry insured losses from the flooding in western Japan caused by excessive rainfall from June 28 to July 8, 2018, will be between ¥284 billion ($2.6 billion) and ¥423 billion ($4.0 billion), according to catastrophe modelling firm AIR Worldwide.   21 August 2018

Insurance

ACORD introduces data standards reinsurance toolkit

ACORD, the global standards body for the insurance industry, has launched a toolkit to support the application of data standards for global reinsurance and large commercial risks   17 August 2018

Insurance

NN Group appoints CEO international insurance, board members

Dutch insurer NN Group has appointed Fabian Rupprecht as CEO international insurance replacing Robin Spencer who stepped down effective June 1, 2018 to join Prudential Corporation Asia (PCA), a business unit of Prudential, as chief operating officer.   16 August 2018

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