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Insurance
The interconnectivity of devices and Internet of Things (IoT) can adversely impact insurers’ balance sheets and portfolios due to the nature of cyber risk aggregation. 10 May 2017
Insurance
Commercial property/casualty (P/C) rates declined on average by 2.5 percent in the first quarter of 2017, compared to 3.3 percent in the fourth quarter of 2016, according to The Council of Insurance Agents & Brokers’ Commercial P/C Market Survey. 10 May 2017
Insurance
Specialist re/insurance broker BMS Group has appointed Andrew Godden as chief executive officer (CEO) of Australia. He will be based in Sydney, and report directly to BMS CEO Nick Cook. 10 May 2017
Insurance
Lloyd's broker Bishopsgate, the London market business of Towergate Insurance, has appointed Robin Todd and Darren Conlon as energy directors. 10 May 2017
Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a reinsurance expert committee to review the current regulatory framework for the market. 9 May 2017
Insurance
Markel CATCo Investment Management has appointed Alissa Fredricks as chief risk officer, and Simon Moore as co-chief underwriting officer alongside Lindsay Watson. 8 May 2017
Insurance
The International Association of Insurance Supervisors (IAIS) is creating a risk-based, single, global Insurance Capital Standard (ICS) for Global Systemically Important Insurers (G-SIIs), but Fitch questions if the goal is achievable. 10 April 2017
Insurance
The impact of insurtech on the reinsurance industry could be limited in the short term—but that does not mean that investments made now will not bear fruit in the future, Jean-Paul Conoscente, chief executive officer of P&C’s US operation and P&C’s reinsurance business unit, SCOR, told PCI Today. 28 October 2018
Insurance
Activist investor Carl Icahn filed a lawsuit against AmTrust Financial Services and the family that controls the company, accusing them of trying to take the insurer private at the wrong time and at the wrong price, according to a Reuters May 21 report. 22 May 2018
Insurance
Allianz Australia has appointed Richard Feledy as its new CEO, effective January 1, 2018. 5 May 2017
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