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StarStone, the specialty insurer and subsidiary of Enstar Group, has appointed Rod O’Malley as head of cargo in London. He will report to global head of marine Simon Schnorr. 12 June 2017
Insurance
US-based niche insurance provider ProSight Specialty Managing Agency Limited has ceased the underwriting of Syndicate 1110 and placed the syndicate into run-off, Lloyd’s said in a June 9 Market Bulletin. 12 June 2017
Insurance
A new generation of catastrophe models could be completely transparent to their users – heralding a seismic change in the way risk models are built and used, which could be as significant a change for the industry as when the very first cat models were built in the early 1980s. 9 June 2017
Insurance
Cyber attacks like the ransomware dubbed ‘WannaCry’, which has hit hundreds of thousands of businesses around the world in recent months, have highlighted that businesses must first properly understand and assess the risk before they purchase the necessary insurance, according to Julia Graham, deputy-CEO and technical director at Airmic, the UK’s risk management association. 9 June 2017
Insurance
The insurance industry must redouble its efforts to maintain its relevance as an increasing number of board-level risks do not have an insurable solution at the present time, according John Hurrell, the outgoing CEO of Airmic, the UK’s risk management association. 9 June 2017
Insurance
Troubled AmTrust Financial Services said June 9 that it has entered into agreements to sell 10,586,000 shares it owns in specialty personal lines insurer National General Holdings (NGHC) for approximately $211.7 million. 9 June 2017
Insurance
Ironshore International has named William Lewis as managing director of its Australia operations, based in the Sydney office. 7 June 2017
Insurance
Sapphire Blue, the managing general underwriting company owned by Ryan Specialty Group (RSG), has hired Debra Goldberg as chief underwriting officer. 7 June 2017
Insurance
As it is more likely than not that the UK will leave the EU without any alternative arrangements in place, UK brokers are at risk of losing access to the EU market, according to specialist law firm Carter Perry Bailey. 7 June 2017
Insurance
XL Catlin’s insurance operations has promoted Adias Gerbaud to the position of head international environmental. 7 June 2017
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