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News

Atlanta president Beazley to leave RT Specialty

Senior RT Specialty property executive Ben Beazley has resigned from the Ryan Specialty Group-owned wholesale broking giant, The Insurer can reveal.

Thu 14 Nov 2019

Why is tracking insurance case law important?

How would you rather spend time and money: monitoring court cases or incorporating the impact of legal decisions into your business strategy?

Thu 14 Nov 2019

News

Pioneer places Syndicate 1980 into run-off

Pioneer Underwriters has announced its Lloyd’s Syndicate 1980 is being placed into run-off after a wide-ranging business review determined the cost of capital was no longer economically efficient.

Thu 14 Nov 2019

Coverys 1975 active underwriter Bryceland departs

News

People Moves

Coverys 1975 active underwriter Bryceland departs

Active underwriter at Coverys Managing Agency’s Syndicate 1975 Keith Bryceland has exited the business, The Insurer can reveal.

Thu 14 Nov 2019

Burns & Wilcox adds AmWINS duo in Houston

News

People Moves

Burns & Wilcox adds AmWINS duo in Houston

Burns & Wilcox has added Suzette Torres as managing director and Gina Marquez as operations manager in Houston, with both returning to the wholesale broker after stints at AmWINS.

Thu 14 Nov 2019

News

TMHCC builds delegated property team with former Axis duo

Tokio Marine HCC has appointed Stuart Heath to the new role of head of delegated property and Linda Johnson as senior underwriter for delegated property.

Thu 14 Nov 2019

News

People Moves

Shaw to be Tokio Marine Kiln CUO

Matthew Shaw, most recently divisional president of global markets at Chubb, is to join Tokio Marine Kiln as CUO.

Thu 14 Nov 2019

News

SureStone Ireland enters run-off

Irish property and casualty insurer SureStone Insurance DAC has entered into run-off, The Insurer can reveal.

Thu 14 Nov 2019

News

Allianz partners with Microsoft to launch open source insurance software

German giant Allianz has partnered with computing premier Microsoft to roll out cloud-based “plug-and-play” software designed to help insurance providers with portfolio management.

Thu 14 Nov 2019

News

Müller to succeed Fischer Hirs as AGCS CEO

Allianz Global Corporate & Specialty (AGCS) has named Joachim Müller as CEO, succeeding Chris Fischer Hirs who is to step down from the top job on 30 November 2019.

Thu 14 Nov 2019

News

Analysts bullish on Zurich as firm takes aim at rivals with new 2022 targets

Equity analysts have praised Zurich over its new 2022 earnings targets as the European insurer takes aim at its continental rivals.

Thu 14 Nov 2019

News

Open source modelling ecosystem key to industry future: RenRe’s Branagan

The (re)insurance sector must collaborate on sharing exposure data in a way that cuts out cost and legacy inefficiencies and allows it to better understand emerging risks to serve the end customer, RenaissanceRe’s senior vice president and group chief risk officer, Ian Branagan, has said.

Thu 14 Nov 2019

News

Flood

PwC pegs North of England flooding at £120mn

Big four accountancy firm PwC has estimated the insured loss from flooding in the North of England between £80mn to £120mn ($102.9mn to $154.3mn), after more than 500 properties flooded and 1200 households evacuated since the weekend.

Thu 14 Nov 2019

News

Retro

Scor places 1.1 per occurrence XoL retro program; agg negotiations continue

Tier one reinsurer Scor has renewed the $175mn per occurrence layer of its 1.1 XoL retro program as negotiations continue with traditional retro markets and ILS funds over its larger aggregate covers, The Insurer can reveal.

Thu 14 Nov 2019

News

Casualty

AIG renews giant US casualty QS at expiring terms; Swiss Re leads

AIG has completed the renewal of its giant US casualty quota share deal significantly earlier than last year’s first-time placement on terms that are understood to be broadly in line with expiring, The Insurer can reveal.

Thu 14 Nov 2019

AIG’s financial lines reinsurance move highlights changing market

News

D&O

AIG’s financial lines reinsurance move highlights changing market

AIG’s proposed excess-of-loss covers for its $4bn financial lines book are expected in the market in the coming weeks after the insurer appeared to shelve plans for a quota share that sources said could have targeted a mid-30s cede commission, The Insurer understands.

Thu 14 Nov 2019