Tony Dowding
-
CRE Insurance
Lloyd’s Market Association creates delegated authority committee
A new delegated authority (DA) committee has been established by the Lloyd’s Market Association (LMA) “to inform and guide the…
-
Analysis & Opinion
The global and local elements of cyber risk
For multinational programmes, the need for global coverage combined with local policies and servicing is a constant thread, and nowhere…
-
Global Risk Manager
D&O and BI see biggest rate increases in US in second quarter – MarketScout
US commercial property and casualty (P&C) rates increased slightly in the second quarter of 2020, with the biggest increases being…
-
Asia
AXA XL appoints CEO for UK and Lloyd’s market
Sean McGovern has been appointed as CEO, UK and Lloyd’s market, at AXA XL. The insurer said he had been…
-
CRE Risk Management
Global M&A deals sink to lowest level since 2010
The Covid-19 pandemic had a significant but not unexpected impact on dealmaking in the first six months of 2020, with…
-
Global Risk Manager
Covid-19 to delay premium rate increase benefits for US commercial insurers
The coronavirus pandemic and its consequent economic fallout will delay any benefits for US commercial insurers from recent sharp premium…
-
CRE Insurance
IAIS publishes register of Internationally Active Insurance Groups
The International Association of Insurance Supervisors (IAIS) has published a register of Internationally Active Insurance Groups (IAIGs) based on the…
-
Asia
AXA XL announces China’s first foreign-owned reinsurance subsidiary
AXA XL’s China subsidiary, XL Insurance (China) Company Limited, has received approval from the China Banking and Insurance Regulatory Commission…
-
Asia
India’s state insurer GIC Re downgraded by Best
The financial strength rating (FSR) of General Insurance Corporation of India (GIC Re) has been downgraded by AM Best from…
-
CRE Insurance
Hiscox’s variable consortium covers challenging US general liability risks
A new variable consortium is providing cover for a wide range of challenging general liability risks in the US such…
-
Captives
Bermuda Monetary Authority report highlights captive sector’s strength
A new report from the Bermuda Monetary Authority (BMA) notes that the island’s captive sector appears to be resilient and…
-
CRE Insurance
Sompo Global Risk Solutions launches new Europe team
Bermuda-based Sompo International subsidiary Sompo Global Risk Solutions (GRS) has formed a new team to serve the European market through…
-
Global Risk Manager
Worsening underwriting results for US commercial auto sector
The US commercial automobile insurance sector has reported the worst underwriting loss in ten years, according to AM Best. The…
-
Asia
Korean insurers see net income fall by 26.1% in first quarter
The Korean insurance industry saw net income fall by 26.1% for the first three months of 2020, according to the…
-
Captives
Randall & Quilter acquires Vermont captive
Randall & Quilter Investment Holdings has acquired a captive insurer domiciled in Vermont. This is the third captive acquisition in…
-
Asia
BMS Group appoints head of Asia operations
Independent specialist (re)insurance broker BMS Group has appointed Sandra Lee as the head of its operations in Asia. Ms Lee,…
-
Global Risk Manager
Fitch reports on markets and regulatory oversight in former Soviet republics
Fitch Ratings has published reports looking at the industry profile and operating environment in Russia, Kazakhstan and Azerbaijan. The reports…
-
Global Risk Manager
Turkish insurance sector to see short-term rise in GWP
Following Covid-19, the Turkish insurance market is expected be larger than previously anticipated in 2020, according to GlobalData. Product diversification…
-
Analysis & Opinion
Financial interest clauses: viable, useful, but not a panacea
A financial interest clause (FINC) is not a panacea for issues of compliance and regulation in the context of a…
-
Captives
Willis Towers Watson explores options for D&O and captives
Captives can provide viable solutions to the challenging directors and officers (D&O) liability insurance market but only for well-funded stable…