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Insurance
AM Best points to Bermuda re/insurance market weakness
Pressure facing the global reinsurance sector may be magnified in Bermuda, rating agency AM Best suggested.   30 March 2017
Insurance
Lloyd’s confirms Brussels as its new EU hub location
London-centred specialist re/insurance market Lloyd’s said that it will be setting up a new European insurance company to be located in Brussels to secure access to the EU market after Brexit.   30 March 2017
Insurance
Navigators hires exec to lead expansion across Continental Europe
Specialty insurance holding Navigators Group has appointed Guillaume Déal as managing director of Continental Europe, as the company looks to expand its portfolio in the region.   30 March 2017
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
Insurance
Ogden rate cut to hit WR Berkley's reinsurance in first quarter results
US insurer WR Berkley Corporation has estimated the impact of Ogden rate change on the company’s first quarter operating results at $30 million before tax, and $22 million after tax, the company said in a statement.   29 March 2017
Insurance
Catastrophe declared for severe tropical Cyclone Debbie in Australia
The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by Category 4 severe tropical Cyclone Debbie, which made landfall today (March 28) in Queensland, Australia.   28 March 2017

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