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Insurance
Lloyd’s posts jump in combined ratio, large claims in 2016
London-based specialist re/insurance market Lloyd’s of London has in 2016 recorded the fifth highest level of major claims since the turn of the century, the company said in a statement.   30 March 2017
Insurance
Chubb names new head of international A&H and CUO of personal lines
Property/casualty insurer Chubb has appointed John Thompson as division president of the company's international accident and health (A&H) insurance business, and Soledad Muné as chief underwriting officer (CUO) for international personal insurance.   30 March 2017
Insurance
Aspen expects $30m charge from UK Ogden rate change
Bermuda-based Aspen Insurance Holdings expects to increase carried reserves for impacted lines of business by approximately $30 million on a pre-tax basis in the first quarter of 2017 as a result of the change in the Ogden rate in the UK.   30 March 2017
Insurance
XL Catlin taps AIG exec as regional leader for environmental insurance in US
Re/insurer XL Catlin has appointed Denali Marlane as the western regional underwriting manager in San Francisco for its environmental insurance business.   30 March 2017
Insurance
Liberty Mutual appoints CUO to lead healthcare unit
Insurance firm Liberty Mutual has appointed Jeff Duncan senior vice president and chief underwriting officer of its operation focused on helping healthcare providers and the brokers who support them better manage the total cost of risk.   30 March 2017
Alternative Risk Transfer
No rose-tinted glasses: Alleghany's readiness for the hard market
While alternative capital is here to stay, the industry could well experience a significant reset in rates if cracks in reserves widen and this combines with a big catastrophe loss, says Weston Hicks, the president of Alleghany, who also explains to Intelligent Insurer why his business is ready to benefit from such a scenario.   29 March 2017
Insurance
Chubb launches digital platform for brokers, SMEs in UK and Ireland
Property/casualty insurer Chubb has introduced its online platform for brokers and their small and medium sized (SME) and middle market clients in the UK and Ireland.   27 March 2017
Insurance
Cost of volcanic eruption risk for large cities up to $30bn: Swiss Re
Assessing risk of over 500 active volcanoes, Swiss Re’s global volcano model calculated that large cities face total economic losses of as much as $30 billion.   24 March 2017
Insurance
Novae casualty head leaves; replacement named
Specialist Lloyd's insurer Novae's divisional head of casualty Bob Patten is leaving the company after two years.   24 March 2017
Insurance
Endurance promotes executive to lead cyber unit
Bermuda-based specialty re/insurer Endurance Specialty Holdings has appointed Brad Gow to the new role of global cyber product leader.   24 March 2017

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