July 13, 2015
Willis Group Holdings has appointed Nicolas Aubert, CEO of Willis GB, to the executive committee and board of the London & International Insurance Brokers’ Association (LIIBA)*. In addition, Aubert was named LIIBA representative to the London Market Group (LMG), a …
July 10, 2015
UK regulators have asked property and casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist attack in London, New York and one other major city. The Prudential Regulation Authority (PRA) published the exercises last week …
June 26, 2015
DUAL, the underwriting arm of the Hyperion Insurance Group*, has announced the continued expansion of its global marine and energy practice following the launch of a marine offering at DUAL Australia Pty Ltd. DUAL Australia will now offer a suite …
June 25, 2015
Chedid Europe Reinsurance Brokerage Limited, headquartered in Dubai, UAE, has announced its registration as a Lloyd’s broker. Chedid Re, which is a subsidiary of the Lebanese group Chedid Capital Holding, said this business move comes as a natural extension of …
June 22, 2015
Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, which assesses the market’s 2014 financial performance and latest developments. Key findings in the report include: The Lloyd’s market began 2015 with 92 active syndicates and slightly …
June 22, 2015
CNA Hardy has appointed Andy Clements as distribution director, Europe. He will report to Elliot Miller, head of UK regions and Luc Malâtre, VP field operations. Clements will be responsible for building effective and long lasting strategic relationships with broker …
June 22, 2015
London-based Amlin has appointed James Few as global managing director of reinsurance, effective from August 1, 2015, subject to regulatory approval. He will be supported by Christian Bieri, who continues to lead Amlin’s reinsurance business in the EMEA region, as …
June 19, 2015
World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of their World …
June 19, 2015
Bermuda-based Hiscox announced that John Worth will join the company on June 22, and, subject to regulatory approval, will be appointed interim chief financial officer with effect from September 1, 2015. Worth’s appointment is designed to provide continuity in oversight …
June 17, 2015
Abundant capacity and strong competition have contributed to a favorable marketplace for buyers of political risk insurance globally, according to Marsh’s “Political Risk Market Update,” published this month. Despite growing concerns about global political and credit risks and a recent …