News

Insurance

Cyber market has momentum; coverage needs to be more explicit, says Hannover Re

The cyber market is exhibiting good momentum, with efforts being made to ensure the coverage is more explicit, Sven Althoff, member of the executive board for Hannover Re, told SIRC Today.   31 October 2019

Insurance

US-based Cobbs Allen launches new specialty broking unit

US-based independent agency Cobbs Allen has launched a specialty insurance brokerage business with the hiring of senior insurance executives Paul Sparks and Darren Sonderman.   29 July 2019

Insurance

AXIS Capital combined ratio soars to 109.4% on cat losses

AXIS Capital’s combined ratio soared to 109.4 percent in the third quarter, hit by catastrophes, and losses in its credit and aviation lines.   30 October 2019

Insurance

LV= appoints Jon Mansley as sales and marketing director

LV= General Insurance (LV= GI), a personal lines insurers in the UK, has appointed Jon Mansley to the newly created role of sales and marketing director.   30 October 2019

Insurance

ArgoGlobal poaches Liberty Mutual exec for head of claims role

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has appointed Katie MacGregor as head of claims for ArgoGlobal.   16 February 2016

Insurance

JLT insurance businesses perform well despite challenges

Re/insurer Jardine Lloyd Thompson Group (JLT) has released its interim management statement for the period 1st July 2015 to 2nd November.   3 November 2015

Insurance

Impact of climate change on re/insurance debated at 16th SIRC

The words of climate activist Greta Thunberg were quoted at the start of the 16th Singapore International Reinsurance Conference (SIRC) yesterday by Sivam Subramaniam, chair of the 16th SIRC organising committee.   29 October 2019

Insurance

Fitch raises asbestos claims estimate to $100bn

Following a review of recent years' asbestos-related claims and litigation activity and insurers' paid and incurred loss experience, Fitch has raised projection for ultimate all-time US industry incurred losses to $100 billion compared with a previous estimate of $90 billion.   16 July 2018

Insurance

Prosight appoints CFO; boosts underwriting team

Lloyd’s business ProSight Specialty Underwriters has made several additions to its senior finance and underwriting leadership as it continues to grow its presence at Lloyd’s of London.   5 June 2014

Alternative Risk Transfer

All capital will blend in the end: Andersen

Alternative capital is now entering the market at many more points in an attempt to get closer to the risk and the logical conclusion is that some insurance-linked securities (ILS) funds will look to launch rated carriers, Eric Andersen, co-president of Aon, told Monte Carlo Today.   11 September 2019

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