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Insurance
Insurance industry groups including the Property Casualty Insurers Association of America have applauded new legislation that means the Federal Reserve can apply different capital standards to insurers compared with those applied to banks. 4 June 2014
Insurance
AXA has appointed Frank Koster, formerly of ING, as chief executive officer (CEO) of AXA Belgium as of September 1, 2014. He succeeds Emmanuel de Talhouët. 4 June 2014
News
Reinsurance rates continue to fall as increased competition from alternative markets, strong reinsurer balance sheets and low loss experiences continue. 3 June 2014
Insurance
Despite many changes that have modernised the insurance industry over the past 30 years, ratings, on average, have declined during that period Standard & Poor's (S&P) has revealed in a report that also stresses its caution on the industry’s prospects. 2 June 2014
Insurance
The UK saw the cost of fraudulent insurance claims rise to a record £1.3 billion in 2013, an increase of 18 percent on the previous year. 2 June 2014
Insurance
York International, a subsidiary of York Risk Services Group and a part of York Specialised Loss Adjusting, has appointed Jennifer Betancourt to further strengthen its financial lines claims capabilities within Latin America. 30 May 2014
Insurance
Lloyd’s chief risk officer & general counsel, Sean McGovern says that the UK remaining in the EU is in the best interests of the market. 30 May 2014
Insurance
Liberty Mutual Insurance’s specialty excess casualty operation has appointed Keith Poopor as senior underwriting manager for excess casualty in the Northeast. 29 May 2014
Insurance
Allied World Assurance has opened a new branch office in Sydney, Australia to further expand distribution networks in the Asia Pacific region. 29 May 2014
Insurance
Former Beecher Carlson executives Bret Quigley and Adam Meyerowitz have secured up to $200 million of equity backing to launch insurance distribution firm Prime Risk Partners. 28 May 2014
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