Ben Norris
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CRE Insurance
Andrew Draycott named CEO of Ed Broking after BGC deal
Ed Broking has named Andrew Draycott as CEO-designate. The Lloyd’s broker said Mr Draycott would take up the role after…
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CRE Insurance
Beazley extends cyber risk management portal to European clients
Beazley is rolling out its cyber and breach-response portal, previously available for US clients, to policyholders in the UK, France,…
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CRE Insurance
Sompo and SV team up for German crop insurance launch
Bermuda’s Sompo International Holdings and German public insurer SV SparkassenVersicherung (SV) have partnered to deliver new insurance solutions for the…
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CRE Insurance
France sees rise in Q3 insolvencies with trend set for 2019: Coface
France has recorded a rise in insolvencies after two years of improvement, according to Coface, which expects the trend to…
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Energy
Liberty Specialty Markets integrates Ironshore Bermuda operations under new brand
Liberty Mutual is integrating its Ironshore Bermuda businesses into a single brand and unit called Liberty Specialty Markets Bermuda, in…
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BI
AIR estimates Californian wildfire losses of up to $13bn
AIR estimates insured losses of between $6bn and $9bn for the Camp Fire in northern California, taking its total loss…
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CRE Insurance
Teething problems in European cyber market as claims fall short of buyer expectations
The European cyber insurance market is improving but client expectations are not always met, according to a panel of cyber…
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CRE Insurance
Unclear if slowdown in life expectancy rise a trend or blip: Swiss Re
A recent slowdown in life expectancy improvements could be the start of a new trend that will affect assumptions made…
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CRE Insurance
Jacqueline Legrand resigns as Brokerslink CEO
Brokerslink CEO Jacqueline Legrand has resigned with immediate effect...
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CRE Insurance
AIG faces $800m Q4 cat bill
AIG currently expects fourth-quarter pre-tax cat losses of between $750m and $800m, but said its general insurance business will enter…
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Climate Change
Environmental claims spread to new industries: AIG
A growing range of industries reported environmental impairment liability (EIL) claims in Europe last year, according to data from AIG...
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CRE Insurance
AM Best registers new Amsterdam subsidiary ahead of Brexit
AM Best has established a new subsidiary in the Netherlands that will allow it to continue rating companies in the…
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CRE Insurance
Lloyd’s launches next search for global insurtech talent
Lloyd’s has launched a second talent search for global insurtech innovators and entrepreneurs to bring technology-driven change to the market.…
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CRE Insurance
Court approves CNA Hardy’s policy transfer to Luxembourg subsidiary
CNA Hardy has received legal approval to transfer a book of policies written for European commercial clients from its UK…
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CRE Insurance
Lyons replaces former CRO Sankaran as AIG CFO
AIG has promoted Mark Lyons to replace its chief financial officer (CFO) and former chief risk officer (CRO) Sid Sankaran...
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Asia
GDP at risk from cyberattack in largest cities rises 9% in one year
The amount of GDP at risk from cyberattack in the world’s largest cities has risen nearly 9% during the past…
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CRE Insurance
Insurers give Q4 wildfire losses as AIR predicts Woolsey claims over $2.5bn
Chubb expects Californian wildfire losses to cost $225m pre-tax in Q4, with AIG on the hook for up to $175m. The…
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CRE Insurance
Climate change poses new level of risk to all corporates and directors: Clyde & Co
All corporates and directors are vulnerable to climate change risks in some way, with threats not limited to the energy…
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BI
European flood risk plans criticised for lack of funding
Lack of funding for flood protection in Europe has restricted the effectiveness of the EU Floods Directive 2007, according to…
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CRE Insurance
AXIS launches global cyber unit
AXIS Insurance has launched a global cyber unit to consolidate its cyber and technology expertise, to be headed up by…