News
Insurance
Broker BMS Group has hired four new executives from JLT and Price Forbes to expand its energy division. 17 September 2018
Insurance
Broker Aon has hired a PwC executive to expand its merger and acquisitions (M&A) and transaction solutions capability for infrastructure. 17 September 2018
Insurance
The marine claims divisions of Sedgwick and Cunningham Lindsey’s have been merged creating the largest team in the world of marine claims services. Sedgwick acquired Cunningham Lindsey in April 2018. 17 September 2018
Insurance
Lloyd’s is in danger of falling behind the rest of the re/insurance industry if its new chief executive officer John Neal does not get a firm grip relatively quickly, according to Gavin Coull, partner and head of reinsurance at legal firm BLM. 17 September 2018
Insurance
Insurance startup Brolly, which offers an AI-driven insurance app, is claiming on its own business insurance for the first time after its office was burgled. 14 September 2018
Insurance
Bermuda-based Fidelis Insurance is replacing its chief underwriting officer and Bermuda CEO Ben Savill who will “leave to pursue other opportunities”. 14 September 2018
Insurance
Tens of thousands of homes are without power and sea water is sloshing through coastal streets as hurricane Florence begins lashing the US East Coast, according to a BBC News Sept. 15 report. 14 September 2018
Insurance
Typhoon Mangkhut will landfall along the northeastern coast of Luzon, Philippines within the next 20 hours as a very intense category 5 super typhoon, according to Aon’s Impact Forecasting Cat Alert. 14 September 2018
Insurance
Against an industry backdrop of slim underwriting profitability, slim investment returns and a stymied ability to release reserves, all of which are true for Lloyd’s syndicates at the moment, carriers must look more closely at how they access capital—and how they work their own capital, Eric Paire, head of Capital Advisory at Aon Benfield, told Monte Carlo Today. 12 September 2018
Alternative Risk Transfer
The insurance-linked securities (ILS) market has reacted in an orderly manner after the 2017 catastrophe losses, paying claims and reloading, and it doesn’t have to prove itself any more, Aon Securities CEO Paul Schultz suggested in a conversation with Monte Carlo Today. 11 September 2018
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