News
Insurance
Wildfire risk is considered a “new major peril” by reinsurers after the heavy losses of recent years. But the industry has a much better understanding of this risk following investments in risk models and better education about the nature of the risk. 20 October 2019
Insurance
Economic losses from the wildfires impacting Sonoma, Napa, Solano, Lake, and Mendocino counties are estimated at between $6 billion and $8 billion, according to catastrophe risk modelling firm RMS. 30 October 2017
Insurance
Aspen Insurance Holdings has been forced to reshuffle its senior management team after the retirement of the head of its insurance operations. The changes will mean new leaders taking charge of both its insurance and reinsurance segments. 18 May 2016
Insurance
Commercial insurance prices increased by 2 percent in Q4 2018, the steepest increase since Marsh began its Global Insurance Market Index in 2012, and the fifth consecutive quarter of average increases. 26 February 2019
News
Broker-dealer BMS Capital Advisory has appointed Steve Korducki as general securities representative. 31 March 2015
News
Another proxy firm has recommended that PartnerRe shareholders vote against three proposals relating to the Axis transaction, during the company’s special general meeting. 28 July 2015
Insurance
Markel International, the specialist insurer, has appointed Savita Mascarenhas as underwriter for its expanding trade credit operations in Dubai. 4 September 2015
Insurance
John Gauthier, Allied World Assurance Company's chief investment officer (CIO) and executive vice president, has left the company, it has been revealed. 2 February 2017
Insurance
Pardus, the London-based independent managing general agent (MGA), has launched a facultative reinsurance facility for North American property interests. The division will be led by market veteran Andy Billinge and backed by Lloyd’s security. 13 October 2015
Insurance
Allianz Partners in the UK and Ireland have appointed Tim Tozer as their new chief executive officer. 18 June 2018
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