H1 £20bn insured disaster losses almost half the ten-year average, finds Swiss Re

H1 £20bn insured disaster losses almost half the ten-year average, finds Swiss Re

H1 £20bn insured disaster losses almost half the ten-year average, finds Swiss Re

First-half nat cat and man-made disaster losses of $20bn were well down on the $35bn ten-year average, according to preliminary Swiss Re figures. The reinsurer’s sigma numbers show that nat cats caused $18bn of insured losses in the first half of 2018, compared to a ten-year average of $35bn. Man-made disaster losses stood at just $2bn, from an average of…

German risk managers face tough property renewal with HDI as fire losses mount

German risk managers face tough property renewal with HDI as fire losses mount

German risk managers face tough property renewal with HDI as fire losses mount

German insurance managers should not expect relaxed property renewals with HDI Global at coming renewals, as its parent company Talanx sent a clear message during the Hanover-based group’s half-year results that its combined ratio is not good enough and efforts to sort out the book need to be redoubled…

Chubb appoints Amtrust’s Janet Edey head of management liability for UK and Ireland

Chubb appoints Amtrust’s Janet Edey head of management liability for UK and Ireland

Chubb appoints Amtrust’s Janet Edey head of management liability for UK and Ireland

Chubb has appointed Janet Edey as head of management liability for the UK and Ireland. In her new role, Ms Edey will be responsible for leading and overseeing the development and execution of Chubb’s management liability strategy. The appointment is effective immediately and Ms Edey will report to Hilda Toh, financial lines manager for UK and Ireland at Chubb. Ms…

BIBA warns of potential contract continuity problems post-Brexit

BIBA warns of potential contract continuity problems post-Brexit

BIBA warns of potential contract continuity problems post-Brexit

The British Insurance Brokers’ Association (BIBA) has told Commercial Risk Europe there is “concern” that some policies running with a renewal date beyond Article 50’s 29 March 2019 negotiating period may not be valid if no Brexit agreement is reached, with no silver bullet solution…

Marsh names new international and UK client advisory leaders

Marsh names new international and UK client advisory leaders

Marsh names new international and UK client advisory leaders

Marsh has appointed Giampaolo Scarso to the newly created role of client advisory services (CAS) leader for its international division, and named Charlie Netherton as CAS leader UK and Ireland. CAS includes the broker’s global risk consulting, analytics, captive management and claims advocacy support services. Mr Scarso joined Marsh in 2007 and has held a series of leadership roles during…

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