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Risk modelling agency RMS has delayed the rollout of one of its flagship products until next year in a move that will hit the company’s profits, its parent company has revealed. 23 September 2014
article
ACE Group has made a number of key executive appointments in its multinational claims operations to support the recent creation of ACE’s global accounts division. 19 September 2014
Insurance
XL has launched a regional underwriting operation in Scottsdale, Arizona to offer brokers and clients in the Western US local, more direct access to its Excess & Surplus (E&S) insurance coverages. 19 September 2014
Insurance
AIG has unveiled a new leadership team as two senior execs announce plans to retire. 19 September 2014
Insurance
Willis and Cooper Gay Swett & Crawford (CGSC), along with Ruschlikon UK members, ACE, XL Group and Generali are set participate in the pilot of Xchanging and Deutsche Bank’s Netsett platform. 18 September 2014
News
It would be “crazy” to carry more risk on the balance sheet than is necessary at a time when reinsurance is so cheap, believes William Dewsall, chief executive of European non-life insurer Gable Insurance, who attends Monte Carlo to meet and negotiate with his company’s reinsurers and brokers. 17 September 2014
News
Zurich Insurance is buying less reinsurance as it seeks to actively deploy its own internal capital, according to Paul Horgan, global head of group reinsurance at the insurer. 17 September 2014
Insurance
A very competitive environment around acquisitions in the US market means that Cooper, Gay, Swett & Crawford (CGSC) is seeking strategic hires in that market instead. It also has five acquisitions in Latin America going through due diligence. 17 September 2014
Insurance
Recent English cases reinforce the principle that following markets will be forced to pay claims as settled by their expressly designated lead underwriter, as Bill Perry, senior partner of Carter Perry Bailey and immediate past president of Insuralex, explains. 16 September 2014
News
Bigger, global, reinsurers such as SCOR can benefit from the trend of big insurers retaining more risk because the quality of the business being ceded is better, believes Victor Peignet, chief executive of SCOR Global P&C. 16 September 2014
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