News

Insurance

BMS 2018 annual profits bumped up to £100m; CEO Cook lauds "remarkable results"

Specialist re/insurance broker BMS Group posted a 25 percent increase in its 2018 revenues, mostly driven by growth in its London wholesale and US reinsurance businesses, according to CEO Nick Cook.   13 March 2019

Insurance

Liberty Specialty launches fine art unit in France with Hiscox hire

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has begun underwriting fine art and specie in France with the appointment of Stéphanie de Montricher as senior underwriter.   19 March 2018

Insurance

Understanding worst-case scenarios crucial in cyber resilience strategy, data shows, suggesting $6tr global losses by 2021

A new research conducted by Cybersecurity Ventures suggests that the annual global cyber losses are expected to reach $6 trillion by 2021, with cyber security spending projected to exceed $1 trillion cumulative in the five years period leading up to 2021.   13 September 2019

Insurance

Political situation and new players pose challenges

The current macro-economic and political situation in Latin America is a key challenge to re/insurers looking to take advantage of new opportunities in the region.   13 November 2017

News

GIC Re appoints MD

Indian reinsurer GIC Re has appointed K Sanath Kumar as acting chairman and managing director.   5 August 2015

Insurance

Growth opportunities are mainly in P&C

The biggest growth opportunities in Asia exist for primary insurers able to tap into the insurance needs of a more affluent population, Rainer Schuermann, regional manager, P/C Treaty Asia, Gen Re, told EAIC Today.   11 October 2016

Insurance

Managing priorities a key barrier to streamlining and enhancing reserving

Many firms described their ideal reserving process as having significant automation.   5 December 2019

Insurance

Willis Towers Watson partners with Sompo to launch insurance platform for middle market real estate companies

Broker Willis Towers Watson (WTW) has entered into a strategic partnership with Sompo Global Risk Solutions (GRS), a part of Bermuda-based re/insurer Sompo International Holdings, to create an integrated insurance platform for the middle market commercial real estate segment.   12 September 2019

Insurance

AXA UK and Ireland reveals management restructure

Re/insurer AXA UK and Ireland has unveiled changes to its management committee portfolios following the appointment of Shali Vasudeva as chief operating officer.   11 March 2019

Insurance

Aon hires new EMEA chair for M&A and transaction solutions business from Marsh

Re/insurance broker Aon has appointed Edwin Charnaud as EMEA chairman for its M&A and transaction solutions business.   28 March 2019

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