A coordinated, international approach to the regulation of aviation drones is essential for the technology to thrive, said the International Underwriting Association (IUA), which represents wholesale re/insurance companies in the London market. As a result of rapidly growing interest in …
A sweeping global reform of tax systems is under way and will have profound implications for the insurance industry, the London-based International Underwriting Association has warned. Responding to public concerns about tax evasion, the G20 major economies have ordered a …
The London-based International Underwriting Association’s new Delegated Authority Underwriting Group has held its first meeting and elected Paul Rich of Inter Hannover as its chairman. Matt Gordon of Aviva has been appointed deputy chairman. The group was established in response …
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 …
Gen Re announced that Paul Ceurvorst will retire as CEO of Faraday in March 2016. Pietro Toffanello will become CEO of Faraday upon Ceurvorst’s retirement, subject to UK regulatory approval. Mark Rayner will continue to serve as chief underwriting officer …
JLT Re, the London-based provider of reinsurance broking and capital solutions, announced that Russell Walters has joined as a partner. Bradley Maltese, deputy CEO of UK & Europe, said, “Russell joins JLT Re with over 30 years of reinsurance experience …
RSA, one of the largest UK marine insurers, has appointed Calvin Gray to the newly created role of marine sales and broker manager, London market and Europe. Reporting to Richard Turner, marine director, Gray will be responsible for driving sales …
Trading conditions are difficult in the London market as insurers contend with changing buying habits, an influx of alternative capital and global economic uncertainty, according to a special report published by A.M. Best. The availability of alternative capital in the …
AEGIS London has appointed Dan Rouse as casualty underwriter. He joins from broker Howden. Rouse will join the established team of London-based underwriters writing an international book of business, excluding U.S.-domiciled risks, in a broad range of industries. He reports …
XL Group and Cobalt Underwriting have launched the first Shariah-compliant product to be available through Lloyd’s of London. The cover is an equine product, which responds to named perils, mortality, theft, infertility and permanent disability, among other risks, XL said …
