Specialist Lloyd’s insurer Neon has appointed Olly Reeves to the role of chief risk officer. He will join Neon on Nov. 1, 2016 from his current role as head of Risk Management at Lloyd’s of London. Subject to regulatory approval, …
Third Point Reinsurance Ltd., the company that counts on hedge fund manager Dan Loeb to oversee investments, posted its biggest profit since 2013 as his portfolio rebounded. Second-quarter net income more than tripled to $53.4 million, or 51 cents a …
China’s seasonal “Mei-Yu” rainfall in July led to the worst flooding since 1998, bringing total combined economic losses of an estimated US$33 billion, according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. Affecting the Yangtze …
Allianz SE said second-quarter profit almost halved, missing estimates, as Europe’s biggest insurer faced higher claims from natural disasters and charges for the expected sale of its South Korea unit. Net income declined to 1.1 billion euros ($1.2 billion) from …
Companies originally created the role of the chief risk officer because they “recognized that good risk management is really good business,” according to Michael Steel, former CRO at AXIS Capital. The role of CRO is a relatively new one for …
Toronto-based The Guarantee Company of North America announced that Donna Barclay has been appointed as chief underwriting officer, property/casualty, effective July 25, 2016. Barclay is responsible for ensuring the company “has compelling underwriting solutions to meet the complex and evolving …
Chubb said it has enhanced insurance policy wording for companies producing television and other advertising commercials in the UK & Ireland, as the creative industry sector continues to grow and its risks evolve. The new wording includes a number of …
AXA said it has entered into an agreement with Vienna Insurance Group to sell its life & savings insurance operations in Romania and exit the Romanian market. Under the terms of the agreement, Vienna Insurance Group would acquire 100 percent …
Tropical Storm Earl* will continue to weaken as it crosses Belize after coming ashore early Thursday with drenching rains and hurricane-strength winds, the U.S. National Hurricane Center said. Earl was 90 miles (145 kilometers) west of Belize City with top …
Insurers Aviva Plc and RSA Insurance Group Plc shrugged off any fallout from the Brexit referendum by reporting higher first-half profit and increasing shareholder payouts. The shares rallied in London trading. Aviva, the U.K.’s second-largest insurer, posted a 13 percent …
