News
Insurance
While the UK’s specialty insurance market is showing only “modest” rate increases, mergers & acquisitions (M&A) are on the rise as insurers look for growth, according to EY UK insurance leader Rodney Bonnard. 24 July 2018
Alternative Risk Transfer
Some of the bigger ILS funds are well down the road towards securing ratings—a move that will see them complete their journey from nimble newcomers to occupying a central ground and competing with traditional players on their own turf. This could be a game-changer for the market, as Intelligent Insurer reports. 23 July 2018
Insurance
JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group, has expanded its European cyber practice based in London and Stockholm with the appointment of four new members. 23 July 2018
Insurance
Specialty re/insurer Brit has appointed Stephen Quinton to the role of class underwriter, kidnap and ransom (K&R), effective as of Sept. 3. He joins Brit from Travelers Syndicate Management. 23 July 2018
Insurance
Bermuda-based Qatar Reinsurance Company (Qatar Re), a subsidiary of Qatar Insurance Company (QIC), has ceased writing new and renewal business from its branch office in Singapore from July 20. 23 July 2018
Insurance
Bermuda-based Argo Group, an international underwriter of specialty insurance and reinsurance, has appointed Manuel Moreno to the newly created position of chief underwriting officer (CUO) of Latin America. 23 July 2018
Insurance
The Federal Emergency Management Agency (FEMA) warned over the consequences if the US congress fails to reauthorise the National Flood Insurance Program (NFIP) that will expire on July 31, 2018. 23 July 2018
Insurance
Specialty re/insurer Brit has appointed Tony Medniuk as non-executive chairman of its Lloyd’s managing agent Brit Syndicates, which is responsible for managing Syndicates 2987 and 2988. 23 July 2018
Insurance
Capsicum Delegated Authority (Capsicum DA), a specialist binding authority broker, has hired David Doe from Lloyd's broker Tysers to establish a new professional liability specialism. 23 July 2018
Insurance
A mid-June storm affecting parts of Saskatchewan and Manitoba resulted in more than C$90 million ($68.4 million) in insured damage, according to data from Catastrophe Indices and Quantification. 23 July 2018
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