NewsD&F writers face $30mn US Ecology lossLondon underwriters are facing their share of a $30mn loss after an explosion at a hazardous waste facility in Grand View, Idaho last month, The Insurer can reveal.Wed 19 Dec 2018
NewsPeople MovesDistinguished founder Potash retakes helm as CEO departsDistinguished LLC is parting company with CEO Jeremy Hitzig and two other senior executives after founding chairman emeritus Andrew Potash decided to step back in and take the reins at the US program manager, The Insurer can reveal.Wed 19 Dec 2018
NewsMarineIG eeks out rate reductions at 2019/20 renewalThe International Group has achieved rate reductions for the fifth consecutive year on its excess of loss (XoL) reinsurance treaty.Wed 19 Dec 2018
NewsPeople MovesAlliant swoops on Willis for Bill CallahanUS specialty broking powerhouse Alliant has named William (Bill) Callahan senior vice president.Wed 19 Dec 2018
NewsCyberAIR pegs Marriott breach losses at up to $600mnRisk modelling firm AIR Worldwide has estimated cyber losses for the Marriott breach will be between $200mn and $600mn.Wed 19 Dec 2018
NewsBeggs to lead Munich Re’s E&S insurance driveJill Beggs will oversee Munich Re’s expansion into the US excess and surplus lines (E&S) market under the umbrella of the newly formed specialty insurance unit led by Mike Kerner, The Insurer can reveal.Tue 18 Dec 2018
NewsBrit still writing construction and engineeringBrit Insurance is continuing to write international construction and engineering risks albeit in a reduced fashion, the London-headquartered (re)insurer confirmed today. Tue 18 Dec 2018
NewsM&AMarsh unveils regional and specialty leadership team post-JLT acquisitionMarsh has set-out the leaders for its regional, specialty, and placement teams worldwide when its acquisition of JLT completes next year.Tue 18 Dec 2018
Understanding Currency Exposure in a Connected WorldBy what criteria do FX traders and currency analysts assess financial markets? How are their targets screened and selected? When is currency market analysis made when advising clients how to structure and manage their FX hedging policies?Tue 18 Dec 2018
NewsLloyd’s shakes-up regional leadershipLloyd’s has appointed new directors in the Americas, APAC and EMEA who will be responsible for leading the Corporation in their respective regions.Tue 18 Dec 2018
NewsRenRe launches Class 3B property cat reinsurerBermudian carrier RenRe has teamed up with Dutch pension fund manager PGGM to launch a property cat reinsurer - Vermeer Reinsurance.Tue 18 Dec 2018
NewsArgo Group unveils senior management restructureFormer AIG executive Matt Harris will lead Argo Group’s international operations as part of a wider restructure that also gives an elevated role to the head of the Americas, Kevin Rehnberg.Tue 18 Dec 2018
NewsProperty catastropheInsured cat losses fall to $79bn in 2018: Swiss ReThe total insurance bill for natural and man-made catastrophes in 2018 has fallen to around $79bn, according to Swiss Re’s latest Sigma report.Tue 18 Dec 2018
NewsPeople MovesLloyd’s confirms Carter’s appointment to Council in 2019Victoria Carter have been appointed a working member of the Lloyd’s Council, as first revealed by The Insurer.Tue 18 Dec 2018
NewsRLI and Zurich FOTs suggest modest improvement for casualty reinsurersThe flow of casualty and professional liability treaty renewal firm order terms (FOTs) is beginning to pick up with indications so far pointing to flat or moderate improvements of terms for reinsurers, The Insurer can reveal.Tue 18 Dec 2018
NewsPeople MovesFrudd named CEO of Sompo International as Charman becomes executive chairmanSompo International is to shake-up its top brass with a number of changes to its operating structure designed to make the firm more nimble.Tue 18 Dec 2018