News

Insurance

Gallagher Bassett names new UK CEO

Risk management firm Gallagher Bassett has appointed Simon Pemberton as UK chief executive officer.   20 March 2018

Insurance

Markel forms strategic alliance with UAE's Etihad Credit Insurance

Markel International has signed a memorandum of understanding (MoU) with UAE export credit company Etihad Credit Insurance (ECI).   7 November 2018

Insurance

Castel taps independent director to support expansion and growth plans

Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has appointed Bob Cowdell as its first independent non-executive director to support its expansion and growth plans.   14 May 2018

Insurance

Hurricane Michael insured losses at up to $10bn: AIR Worldwide

Industry insured losses resulting from hurricane Michael’s winds and storm surge will range from $6 billion to $10 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide.   16 October 2018

Insurance

VIG Re revamps management structure in efficiency push

Czech Republic-based reinsurer VIG Re has realigned its organisational structure and management responsibilities. The changes, which it claims will drive “operational efficiencies”, are effective from April 1, 2018.   5 March 2018

Insurance

SCOR benefits from below average nat cat losses in H1

Below average natural catastrophe losses at 2.3 percent of premium has helped SCOR to deliver an improved underwriting performance in the first half of 2018.   26 July 2018

Insurance

Wins in reinsurance boosts growth at JLT but profits dip as it ‘transforms’

JLT Group enjoyed strong growth in its reinsurance segment in the first halve of 2018 but its profits were hit by the costs associated with its global transformation programme, which it claims will eventually benefit the business to the tune of £40 million a year.   26 July 2018

Insurance

XL Catlin partners with US insurtech Slice for 'on-demand' cyber insurance

Re/insurer XL Catlin has partnered with US-based insurtech start-up Slice Labs, which offers cloud-based on-demand insurance for a new digital insurance solution.   26 July 2018

Insurance

Reshuffle at Aviva as Canada CEO steps down

Insurer Aviva has appointed Colm Holmes, currently CEO of UK general insurance, as new chief executive of its Canadian business.   17 January 2018

Insurance

IGI combined ratio rises to 103% in 2017

United Arab Emirates-based International General Insurance Holdings (IGI) saw its combined ratio deteriorate to 103 percent in 2017, compared to 87.5 percent in 2016.   19 March 2018

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