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Insurance
RSA Insurance Group has received licence approval for its new insurance subsidiary in Luxembourg from the regulator Commissariat aux Assurances (CAA). 5 June 2018
Alternative Risk Transfer
Lloyd’s broker AFL Insurance Brokers has launched Agile Risk Advisory (ARA), a specialist business focusing on providing evidence-based risk advice and new insurance-linked-securities (ILS) opportunities. 4 June 2018
Insurance
Specialist reinsurance broker Capsicum Re has launched a new New York cyber hub, led by Patrick Bousfield who has been promoted to executive director. 4 June 2018
Insurance
Bermuda speciality re/insurer Sompo International Holdings has completed the acquisition of the operating subsidiaries of Lexon Surety Group, a deal first announced on January 3, 2018. 4 June 2018
Alternative Risk Transfer
A continued glut of capacity dampened rate increases in the recent June 1 renewals for Florida property-cat business. While rates did increase by 1.2 percent, the first rise in seven years, pricing remains 40 percent down on 2012, according to a new report by JLT Re. 4 June 2018
Insurance
Howden, the retail broking arm of Hyperion Insurance Group, has appointed José Manuel González as the new CEO of Howden Broking Group. 4 June 2018
Insurance
After severe losses in 2017, predictions for the 2018 hurricane season suggest that this year’s hurricane activity will not be anywhere near as bad, according to a new Fitch Report. 4 June 2018
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has hired Mark Lingafelter, most recently chief underwriting officer (CUO) Asia Pacific for QBE Insurance, to lead its business in Australasia as president. 4 June 2018
Insurance
Rating agency AM Best has withdrawn its ratings of Lloyd’s Syndicate 1225, which is managed by AEGIS Managing Agency, at the firm's request. 4 June 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Andrew Pedler to the newly created role of claims manager – client relationships. 4 June 2018
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