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Insurance
Switzerland-based Zurich Insurance Group has booked a charge of $289 million as a result of the UK’s decision to change the Ogden personal injury discount rate. 11 May 2017
Insurance
Fleming Family & Partners (FF&P) may divest its 38 percent stake in Lloyd’s broker RFIB, ending a seven year investment in the firm. 4 September 2014
Insurance
New York-based property/casualty holding company AmTrust Financial Services has amended and restated the employment contract of Ronald Pipoly, its former chief financial officer (CFO) and current executive vice president – finance. 15 June 2017
Insurance
Mapfre Global Risks, the unit of global insurance firm Mapfre that specialises in providing insurance solutions for multinationals, is planning to grow internationally through a mixture of setting-up new units and building upon existing branches. 15 June 2017
Insurance
Run-off specialist Enstar Group and private equity firm Stone Point Capital have completed the previously announced acquisition of Torus Insurance Holdings. The deal represents the latest move into ‘live’ underwriting for Enstar. 2 April 2014
Insurance
Insurer Chubb has promoted Tara Parchment to head its European personal risk services division, based in London. 14 September 2017
Insurance
Credit risk insurance policies are likely to become more expensive and less readily available if regulatory changes proposed by the UK’s Prudential Regulation Authority (PRA) are pursued, according to the International Underwriting Association (IUA). 16 May 2018
Insurance
The market needs to be cautious about what the full impact of hurricanes Harvey and Irma will be, in terms of both what the final losses might be and how these may impact rates, according to Patrick Haveron, president of Maiden Re. 13 September 2017
Insurance
Technology has the potential to reduce costs of insurance, enabling expansion into uninsured markets, Swiss Re chief underwriting officer Edouard Schmid told Monte Carlo Today. 13 September 2017
Insurance
The advent of artificial intelligence (AI), the Internet of Things, robotics and big data is transforming global economic systems and, in turn, revolutionising risk assessment and underwriting through the use of machine learning algorithms, Tim Yeates, managing director of Axco, told Monte Carlo Today. 13 September 2017
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