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Fiona Luck

Non-Executive Director, Lloyds of London Franchise Board

Wed 10 Oct 2018

John Huff

President and CEO, Association of Bermuda Insurers and Reinsurers (ABIR)

Wed 10 Oct 2018

Michael upgraded to 'extremely dangerous' Cat 4

News

Losses

Michael upgraded to 'extremely dangerous' Cat 4

Hurricane Michael has been upgraded to an “extremely dangerous” category 4 as the storm continues barreling towards the US Gulf coast.

Wed 10 Oct 2018

September nat cats to cost ‘tens of billions’

News

Losses

September nat cats to cost ‘tens of billions’

Natural catastrophes will cost the global economy ‘tens of billions’ in September, according to Aon’s latest catastrophe report.

Tue 9 Oct 2018

News

Brexit

Lloyd’s commits to paying claims in ‘no deal’ Brexit

Lloyd’s of London will continue to ‘honour’ its commitments to policyholders and has pledged to continue to pay claims as the prospect of a “no deal” Brexit becomes greater.

Tue 9 Oct 2018

Barbados to receive $5.8mn Storm Kirk payout from CCRIF

News

Losses

Barbados to receive $5.8mn Storm Kirk payout from CCRIF

The Caribbean risk pooling facility CCRIF will pay at least $5.8mn to Barbados following the triggering of its excess rainfall policy due to heavy rainfall that occurred during the passage of Tropical Storm Kirk.

Tue 9 Oct 2018

AGCS restructures alternative capital business

News

People Moves

AGCS restructures alternative capital business

Allianz’s Alternative Risk Transfer (ART) business is to be split into two separate units.

Tue 9 Oct 2018

Universal and State Farm control storm-warned homeowner market

News

Losses

Universal and State Farm control storm-warned homeowner market

US giant Universal Insurance dominates a tenth of the $8bn homeowner’s market in Florida with State Farm taking on almost a third of the smaller Alabama market as both states lie in the path of Hurricane Michael.

Tue 9 Oct 2018

Chaucer boosts Asia treaty capabilities with Menon hire

News

People Moves

Chaucer boosts Asia treaty capabilities with Menon hire

Chaucer has appointed Rajeev Menon as regional treaty underwriter with responsibility for building the insurers treaty portfolio in Asia, the Middle East, North Africa and the Indian-Subcontinent.

Tue 9 Oct 2018

Argo names Scala as Asia Pacific underwriting chief

News

People Moves

Argo names Scala as Asia Pacific underwriting chief

Lloyd’s insurer ArgoGlobal has appointed Michael Scala as chief underwriting officer for the Asia Pacific region.

Tue 9 Oct 2018

Aviva CEO Mark Wilson exits after five years

News

People Moves

Aviva CEO Mark Wilson exits after five years

Aviva CEO Mark Wilson is to step down from the insurance giant after the company declared it was “time for new leadership to take the group to the next phase of its development”.

Tue 9 Oct 2018

$13.4bn property values exposed to Hurricane Michael storm surge

News

Losses

$13.4bn property values exposed to Hurricane Michael storm surge

Up to 57,000 homes with a reconstruction value of $13.4bn are exposed to storm surge from Hurricane Michael which is due to make landfall tomorrow in the Florida Gulf Coast with Cat 3 windspeeds, according to the property mapping firm CoreLogic.

Tue 9 Oct 2018

PCS confirms Irma loss creep with increased estimate

News

Losses

PCS confirms Irma loss creep with increased estimate

Further evidence of Irma’s loss creep occurred last week when the leading independent loss adjudicator, ISO PCS, increased its loss estimate from the September 2017 hurricane.

Mon 8 Oct 2018

News

People Moves

MS Amlin parts ways with Patel

MS Amlin’s interim chief information officer and former chief operating officer Piyush Patel, is to step down from the business, Re-Insurance can reveal.

Mon 8 Oct 2018

RSA reinsurance purchasing must change to curb uncertainty: analysts

News

Results

RSA reinsurance purchasing must change to curb uncertainty: analysts

London-headquartered insurer RSA should re-evaluate its reinsurance purchasing after third quarter losses ate away its retentions placing the firm’s providers on risk, market analysts have said.

Mon 8 Oct 2018

News

Probitas swoops on QBE for financial lines hire

Lloyd’s syndicate Probitas 1492 has appointed Emma James as management liability underwriter in its financial lines team.

Mon 8 Oct 2018