Ed Asia appoints new chairman

Ed Asia appoints new chairman

Ed Asia appoints new chairman

Global reinsurance, wholesale and specialty broker Ed has appointed Christina Ong as chairman of Ed Asia. She assumes her role with immediate effect and will be based in Singapore. She joins from Howden Insurance Brokers Singapore, where she held the role of managing director, specialty. Prior to that, she held a number of senior positions, including managing director at Alexander…

New chairman for Strategic Risk Solutions (Barbados)

New chairman for Strategic Risk Solutions (Barbados)

New chairman for Strategic Risk Solutions (Barbados)

Strategic Risk Solutions (SRS) has announced the retirement of Chris Evans, who has stepped down from the position of chairman of SRS (Barbados). Kirk Cyrus, who is currently SRS’ managing director in Barbados, has taken on the additional role of chairman as of 1 May,2021. “During the past year, Kirk has proven himself to be a key member of our…

US D&O insurers face continuing u/w losses despite premium increases

US D&O insurers face continuing u/w losses despite premium increases

US D&O insurers face continuing u/w losses despite premium increases

Despite a major increase in premiums during the past two years, the US directors and officers (D&O) liability insurance sector is expected to see continuing underwriting losses over the near term, according to Fitch Ratings. The sector has seen a 67% cumulative increase in market premiums during the past two years, but Fitch said the market “has been disrupted by…

New CEO for Hiscox USA

New CEO for Hiscox USA

New CEO for Hiscox USA

Kevin Kerridge has been appointed as CEO of Hiscox USA, with effect from 15 May 2021. He succeeds Steve Langan who will return to the UK. Mr Kerridge will report to Ben Walter, CEO of Hiscox Global Retail. Ben Walter, Hiscox Global Retail CEO, said: “Kevin is an inspirational leader with an impressive track record of building successful businesses for…

Maxis GBN launches interactive health and wellness reporting tools

Maxis GBN launches interactive health and wellness reporting tools

Maxis GBN launches interactive health and wellness reporting tools

A series of interactive health and wellness reporting tools has been launched by Maxis Global Benefits Network (Maxis GBN) for its multinational clients. The tools include two new interactive dashboards: the OneWorld Visual and the Covid-19 Dashboard. Maxis GBN has also launched an interactive version of its Paid Claims report. All three are available via the OneClient portal, which offers…

Australian commission delays Aon-Willis review

Australian commission delays Aon-Willis review

Australian commission delays Aon-Willis review

The Australian Competition & Consumer Commission (ACCC) has delayed its review of the proposed combination of Aon and Willis Towers Watson, to gather further information from the brokers, the group said on Friday, as first reported in Business Insurance. The previous date of 27 May for the “announcement of findings” had been delayed. The ACCC said it would announce a…

BLM to lead new APAC legal panel for Zurich

BLM to lead new APAC legal panel for Zurich

BLM to lead new APAC legal panel for Zurich

A new legal panel for the strategic management of large and complex claims across the Asia-Pacific (APAC) region has been appointed by Zurich. The panel will be led by BLM, which will manage a team of specialists from Global Insurance Law Connect. The panel complements existing local country panel arrangements, further consolidating longstanding relationships and allowing Zurich to execute a…

North American commercial P&C market to remain hard but increases slowing

North American commercial P&C market to remain hard but increases slowing

North American commercial P&C market to remain hard but increases slowing

While the North American commercial P&C insurance market looks set to remain hard for the rest of 2021, there is some light at the end of the tunnel for buyers, according to Willis Towers Watson (WTW). In its Insurance Marketplace Realities 2021 spring update, the broker says that buyers will continue to face upward pressure on pricing across most lines…