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Randall & Quilter Investment Holdings (R&Q) has announced the sanction of the transfer pursuant to Part VII of the Financial Services & Markets Act 2000 of business from Liverpool & London Steamship Protection & Indemnity Association (L&L) to R&Q Insurance (Malta) (RQIM). 23 December 2015
Insurance
Crawford & Company, a provider of claims management solutions, has appointed Geoff Piggot the new chief executive officer (CEO) of its global technical services (GTS) division. 18 January 2017
News
Reinsurers that have released reserves quickly may find that they have exhausted their ability to support current reported profits from past reserves, according to rating agency Standard & Poor’s (S&P). 24 August 2015
Insurance
Lloyd’s has opened a branch office in Beijing, in a bid to access new business and forge closer links with business partners in China’s capital. 16 March 2015
Insurance
PIB Insurance Brokers has recruited Bernard Mageean as managing director, underwriting and placement. 3 February 2016
Insurance
Steve Bowen, director at Impact Forecasting, Aon Benfield’s catastrophe model development team, has said that this April is the costliest for five years in terms of economic and insured losses for natural disasters. 6 May 2016
Insurance
The mortgage reinsurance markets have continued to develop and mature to the extent this product now represents a mainstream line of business for the growing number of reinsurers operating in the space, Joe Monaghan, leader of Aon Benfield’s US credit & guaranty, and government practice, told PCI Today. 16 October 2017
Insurance
Despite losses from the recent hurricanes set to exceed $100 billion, AM Best still expects the losses to have only a limited impact on the sector’s capital, making this an earnings event more than a capital event for the overall US property/casualty industry. 16 October 2017
Insurance
Reinsurers and large insurers are at risk of being hit by unexpectedly large losses stemming from a large cyber attack on a par with substantial hurricane losses in the US—because they do not understand their aggregations to this exposure. 16 October 2017
Insurance
While the industry has enough capital to handle the losses from the recent hurricanes, even at the higher end of estimates, it will be the psychology of the market that will determine potential changes in rates, with the fear factor having an important role to play, Brian Schneider, Fitch Ratings’ global head of reinsurance, told PCI Today. 16 October 2017
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