Aon appoints McKnight as managing director, structured reinsuranceAon has appointed industry veteran Michael McKnight as its managing director of structured reinsurance.
Insurtech Sprout.ai partners with AdvanceCareClaims automation technology insurtech Sprout.ai has continued its expansion with a new partnership with insurer Generali’s health insurance arm AdvanceCare.
Topdanmark combined ratio slips to 80.9% in Q4Danish insurer Topdanmark posted a combined ratio of 80.9 percent during the fourth quarter of 2022, a deterioration of 3 percentage points year on year.
Bank of England warns on cat modelling ‘gaps’ and reinsurance hardening impactThe Bank of England has called on insurers to bolster their cyber and natural catastrophe risk modelling capabilities in preparation for a period of “high volatility and uncertainty”, warning that the sector’s “material dependence” on reinsurance may drive more retained losses in a hardening retro market.
Nexus appoints Darlea as AVP of product recall for US speciality casualtySpecialty MGA Nexus Underwriting has appointed Justin Darlea as assistant vice president of product recall in its US specialty casualty business.
AJG’s RPS acquires Texas-based Remco Insurance AgenciesGallagher has announced that its subsidiary, Risk Placement Services (RPS), has acquired Texas-based insurance agency, Remco Insurance Agencies (Remco).
Former NFLer Floyd sues Sompo International, Doctors, Marsh and USIUnits of Sompo International and The Doctors Company along with brokers Marsh and USI are being sued by former NFL player Sharrif Floyd over what the former top-ranked defensive lineman believes is a $10mn shortfall in a professional liability insurance payout.
BHSI adds Aviva’s Major as UK country managerBerkshire Hathaway Specialty Insurance (BHSI) has appointed Aviva’s Nick Major as its UK country manager.
NFP expands UK presence with Direct Safety buyP&C broker NFP has acquired UK-based health and safety consultancy Direct Safety Solutions (Direct Safety).
QBE enhances family leave policiesQBE has enhanced its family leave policies and added new wellbeing benefits for 2023 as part of its effort to create a more inclusive workplace.
Stonybrook leads boutiques in advising insurance industry in 2022 league table headed by Goldman SachsBoutique capital advisory firm Stonybrook Capital has been named the third most influential financial advisor to insurance underwriters in 2022, second only to Goldman Sachs and Ardea Partners.
AM Best: Nippon rides Covid losses with credit rating affirmationAM Best has affirmed the credit ratings and maintained a stable outlook on Japanese insurer Nippon Life Insurance (Nissay), with the ratings agency forecasting that the impact of Covid-19-related claims will “moderate significantly” and support core operating profit over the long term.
Gallagher appoints Aviva’s Piper as head of strategic account managementGallagher has appointed Aviva's Louise Piper as its new head of strategic account management.
Sedgwick expands loss adjusting offering in GermanyCarlyle Group-backed Sedgwick has expanded its loss adjusting offering for the German market.
Alliant bolsters Seattle office with Buchan hireAlliant Insurance Services (Alliant) has appointed Seattle-based Aran Buchan as its vice president.
Tysers urges return to face-to-face trading in 2023 as it unveils 20 new hiresThe London market’s oldest trading broker Tysers has once again urged the Lloyd’s market to commit to face-to-face trading in 2023 as physical usage on the Lime Street trading floors remains stubbornly down on pre-pandemic levels with underwriters often preferring to work from home or from their own offices rather than the boxes.
Nexus appoints Rostamzad to lead French trade credit divisionMGA Nexus Underwriting has appointed Farah Rostamzad as head of trade credit in its French office.
Ageas approached by BE Group in fresh takeover attempt: reportBelgian insurer Ageas has been approached for a fresh takeover attempt by consortium BE Group.
European and London (re)insurers brace for fresh wave of Asia Covid lossesAs the long fourth quarter earnings season begins, there are growing fears that European and London market (re)insurers are facing a new barrage of Covid losses from Asia following the virus’ resurgence last year.
Marsh promotes Ozden to lead European specialty in regional leadership revampMarsh has promoted Nilay Ozden to leader of Marsh Specialty, Europe, with Cristian Fugaciu and Artur Grzeskowiak both promoted to co-CEOs for Central & Eastern Europe (CEE).