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Insurance
10 managing agents in deal to share hurricane risk model
Lloyd’s and the Lloyd’s Market Association (LMA) have made a deal with US hurricane model provider Applied Research Associates (ARA), which will provide its Hurloss hurricane model and Middle East earthquake model to subscribing managing agents on a shared service basis.   19 September 2016
Insurance
Advent launches bespoke underwriting unit; hires three from Beazley
Advent, a Lloyd’s insurer, has established a bespoke products underwriting unit, let by Paul Driver and Philip Misztela, and supported by Stuart Cowen.   19 September 2016
Insurance
Neon expands M&A team
Neon, an insurer operating in the specialist Lloyd’s market, has appointed Andrew Thornton as underwriter and solicitor for merger and acquisitions tax insurance, effective immediately.   19 September 2016
Alternative Risk Transfer
Rewire Securities hires former Swiss Re ILS head
Rewire Securities, a privately owned boutique investment bank focused on the insurance sector, has appointed Markus Schmutz as partner.   19 September 2016
Insurance
CFC names claims director
CFC, a specialist lines underwriting agency, has appointed Margaret Murphy as claims director, based in London.   19 September 2016
Insurance
Chubb updates cyber risk offering
Chubb has expanded its cyber risk engineering capabilities in the UK and Ireland, as it continues to invest its enterprise risk management proposition for the region.   16 September 2016
Insurance
Willis appoints Australasia head after JLT poach
Willis Towers Watson has appointed Andrew Boal as regional head of Australasia, following the departure of chairman and CEO Tony Barber, who has now moved to JLT.   16 September 2016
Insurance
NARS appoints director of project management
North American Risk Services (NARS), a provider of comprehensive claims and insurance-related services, has appointed Karen O’Keefe-Payne as director of its project management.   15 September 2016
Insurance
Global solar claims increase in severity from cat events
The impact of natural catastrophe contributed to an 87 percent increase in claims severity for solar photovoltaics (PV), according to a report from GCube Underwriting.   15 September 2016
Insurance
European Parliament rejects PRIIPs RTS
The European Parliament has voted to object to the regulatory technical standards (RTS) for the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation.   15 September 2016

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