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Insurance
Independent insurer Towergate has appointed Pat Butler as a non-executive director. 22 February 2016
Insurance
National Insurance Co, the state-owned general insurance company in India, has appointed K Sanath Kumar as chairman cum managing director (MD) until April 30, 2018. 22 February 2016
Insurance
Allianz Group achieved strong results in 2015 with its operating profit rising to €10.7 billion largely driven by a good fourth quarter. Its net income also increased to €6.6 billion compared with €6.2 billion a year earlier. 19 February 2016
Insurance
ERS, the specialist motor insurer and Lloyd’s managing general agent (MGA) has reported a dip in its 2015 profits – down to £6 million, compared with £8.3 million in 2014. 19 February 2016
Insurance
Insurance company Lancashire Holdings has reported a fall in profits for 2015, affected by high losses in its energy sector. 18 February 2016
Insurance
Impact Forecasting, Aon Benfield’s catastrophe model development team, has licensed its loss calculation platform ELEMENTS to both MS&AD Insurance Group Holdings, the Japanese insurance company and its group company InterRisk Research Institute & Consulting. 18 February 2016
Insurance
The director and chairman of Lancashire Holdings has decided to step down. 18 February 2016
Insurance
Insurance Australia Group (IAG) has appointed Elizabeth Bryan as its chairman, effective 31 March 2016. 18 February 2016
Insurance
Advent Solutions Management, the provider of support services for start-ups, entrepreneurs and managing general agents, has appointed Gemma Arregui as head of operations. 18 February 2016
Alternative Risk Transfer
Rapid growth in the ILS sector has led to concerns that when a major catastrophe occurs, investors will face unexpected losses leading to panic and a rush of funds out the market, says Jay Patel, insurance analyst at business information service Timetric. 18 February 2016
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