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AM Best warns of rating actions on insurers if TRIPRA is not renewed
Insurance
US insurers with a large exposure to terrorism risk could face being downgraded by AM Best if the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is not renewed – a scenario that looks difficult at best given the hyper-partisan atmosphere pervading Washington at the moment, the rating agency has warned.   13 May 2019
9 things we learned at Swiss Re Institute's technology and modern underwriting event
News
Technology is changing the way insurance and underwriters can and will do business. Intelligent Insurer went to the Swiss Re Institute’s recent ‘Shaping modern underwriting’ event to hear about key trends and find out what the future of the industry could look like.   13 May 2019
AFL Insurance Brokers names Bines as new UK CEO; plans expansion in North America
Insurance
Lloyd's broker AFL Insurance Brokers has appointed Jonathan Bines as the new chief executive officer (CEO) of UK, and unveiled its plans to expand business in North America.   13 May 2019
Insurance
Third Point Reinsurance posted a record profit for a single quarter in the first quarter of 2019 as its CEO stressed its plans to focus on higher margin business going forward.   13 May 2019
Insurance
Maiden Holdings’ first quarter results were unrecognisable from previous quarters due to the impact of the termination of quota share contracts with AmTrust Reinsurance and the non-renewal of some large European deals.   13 May 2019
Insurance
Re/insurance broker Aon is merging its global managing general agents (MGA) & programme solutions and global portfolio broking teams into a single unit within its UK reinsurance solutions business, in a move it hopes will enhance its growth opportunities.   13 May 2019
Insurance
Robert Bredahl has resigned from his position as the chief executive officer (CEO) of Bermuda-based reinsurer Third Point Re with immediate effect. He has been replaced by Daniel Malloy, currently CEO of the company's main operating subsidiary, on an interim basis.   10 May 2019
Insurance
Reinsurance broker Guy Carpenter has made a series of international leadership appointments to facilitate the integration of JLT Re and execute an effective structure to help drive profitable growth in the future.   10 May 2019
Alternative Risk Transfer
Hong Kong-based global reinsurer Peak Re has reported its sixth consecutive year of stable growth in 2018 despite what it called a “challenging environment”.   10 May 2019
Insurance
Former JLT Re chairman Ross Howard is to retire from his new role at reinsurance broker Guy Carpenter after more than 40 years of leadership in the reinsurance business.   10 May 2019

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