News
Insurance
In the current challenging soft market and low interest rate environment, large re/insurance companies are in an advantageous position as they can better absorb the pressure and find alternative income sources. Search for scale is therefore likely to drive M&A activity in the coming years, Intelligent Insurer reports. 6 October 2016
Insurance
Specialist re/insurance broker BMS Group has introduced a new construction unit, appointing Philip Maloney as managing director to act as head. 5 October 2016
Insurance
JLT Re (North America) has appointed John Speckman as senior vice president, who will join the workers’ compensation and programmes practice and will be based in Stamford, Connecticut. 4 October 2016
Insurance
Aon Risk Solutions, the risk management business of Aon, has introduced a property/casualty and Internet of Things (IoT) insurance policy that offers enterprise-wide coverage against cyber risk. 29 September 2016
Insurance
Willis Towers Watson has appointed Gary Marchitello as head of property broking, North America, and will be based in New York. 28 September 2016
Insurance
The Insurance Institute of London (IIL) has appointed Russell Higginbotham, the global head of life and health products for Swiss Re, as president. 27 September 2016
Alternative Risk Transfer
The benign natural catastrophe environment has been just one factor driving difficulties for the re/insurance industry. These pressures were among the topics discussed by senior executives at a roundtable held in Hamilton, Bermuda, hosted by Xuber, a CSC company. 22 September 2016
Insurance
A new reinsurer that will initially target the Florida property/casualty insurance market has been formed on the Cayman Islands. 15 September 2016
Insurance
Alternative capital grew again last year but at a slower pace. Paul Schultz, chief executive of Aon Securities, suggests to Monte Carlo Today this growth will continue but innovation will also be needed in the long term. 13 September 2016
Insurance
InsurTech companies, the catch-all term for technology vendors targeting the re/insurance industry, have the potential to change the entire structure of the sector. 13 September 2016
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