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Insurance
Agency captives can offer agents and brokers the opportunity to earn underwriting profits previously retained by the insurance carrier, and align the interests of the agent and carrier regarding risk selection, pricing and loss control. 10 August 2017
Insurance
Aegon has agreed to sell its Dublin-based subsidiary Aegon Ireland to AGER Bermuda, the holding company of the European operations of Athene Holding. 10 August 2017
Insurance
Loss adjusting business Charles Taylor Adjusting (CTA) acquired UK-based Criterion Adjusters, which comprises Criterion Surveyors, a high net worth-focused pre-risk survey business, and Criterion Claims Management, a specialist claims firm. 10 August 2017
Insurance
Insurance broker Lockton has hired Sean Coykendall to grow its property/casualty operations in the Milwaukee office. 10 August 2017
Insurance
UK insurer RSA has appointed Anny Khaitan as chief operating officer for its global risk solutions (GRS) business. 9 August 2017
News
A captive can play a big role in reimbursing an organisation for any damage to its reputation, and this form of risk transfer should be viewed as an efficient way of funding the reputational risk of companies long term. 9 August 2017
Alternative Risk Transfer
Mapfre Global Risks, the unit of Spain’s insurance firm Mapfre that specialises in providing insurance solutions for multinationals, has appointed Kieran Wilson as energy underwriter as part of its international growth strategy in London. 9 August 2017
Insurance
Travel insurance provider Generali Global Assistance, part of the global Generali Group, has hired Tarik Ajami as general counsel and chief compliance officer of all Generali business lines in North America. 9 August 2017
Alternative Risk Transfer
Solidum Partners, the Switzerland-based investment firm that specialises in helping companies issue private cat bonds, has facilitated the issuance of the first insurance-linked security (ILS) whereby the traditional settlement system has been replaced with the use of blockchain. 8 August 2017
Insurance
Even with modern flood-control structures, the risk of flood damage remains high in Japan in the aftermath of Typhoon Noru, which made its first landfall in Yakushima, an island in Kagoshima Prefecture, Japan, as a Category 1-equivalent storm, before making a second landfall near Kainan City in Wakayama Prefecture, Japan, according to catastrophe modelling firm AIR Worldwide. 8 August 2017
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