News

Insurance

Gallagher hires Steve Wilkinson to lead claims at aerospace practice

Gallagher has hired prominent aviation market veteran Steve Wilkinson as head of claims at its global aerospace practice.   18 September 2019

Insurance

Lloyd’s appoints David Sansom as chief risk officer; Annette Andrews, chief people officer leaves the market

David Sansom has been appointed chief risk officer at Lloyd’s, as the market also confirmed the departure of Annette Andrews, its chief people officer.   18 September 2019

Insurance

Marine insurance market 'chaotic' as future remains uncertain, says IUMI

The ongoing global uncertainties, including the current trade tensions, will continue to impact all marine lines of business, specifically cargo and offshore energy, predicts the International Union of Marine Insurance (IUMI), which represents 43 marine market insurance and reinsurance associations globally.   17 September 2019

Insurance

QBE combines cyber insurance with risk prevention and post-breach services

Specialist insurer QBE North America, a part of the QBE Insurance Group, has enhanced its cyber insurance solution to include cyberattack prevention services as well as post-breach response assistance.   17 September 2019

Insurance

AXIS appoints Michael Baumel to head claims succeeding David Hayward

AXIS Insurance, a business segment of Bermuda-based AXIS Capital Holdings, has appointed Michael Baumel as new chief claims officer, succeeding David Hayward who is retiring in March 2020.   17 September 2019

Insurance

AXA XL promotes trio to grow UK book of business

Re/insurer AXA XL has made a number of appointments in its UK client and distribution team, based in London.   16 September 2019

Insurance

IFRS 17 still beset by some uncertainties, says AM Best

Ratings agency AM Best has highlighted concerns about further amendments being proposed to the International Accounting Standard, IFRS 17, which seeks to reflect market values in the published financial statements of insurers.   16 September 2019

Insurance

AIR Worldwide pegs typhoon Faxai insured losses between $3bn and $7bn

Catastrophe risk modelling firm AIR Worldwide estimates that industry insured losses from Typhoon Faxai, which made landfall in Japan on September 9, will be between JPY 340 billion ($3 billion) and JPY 740 billion ($7 billion).   16 September 2019

Insurance

RSA appoints new CEOs of Ireland and Scandinavia

RSA Insurance Group has appointed Kevin Thompson as the new chief executive of its Irish business, RSA Ireland, replacing Ken Norgrove who is moving to the role of CEO of Codan/Trygg-Hansa, the company's Scandinavian business.   16 September 2019

Insurance

DXC Technology appoints new chief executive officer to lead next phase of growth

DXC Technology, a London insurance market service provider, has appointed Mike Salvino as its new president and chief executive officer (CEO).   16 September 2019

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