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News
Plans by the IAIS prompted by the Financial Stability Board to develop a global insurance capital standard could be misguided and risk creating a costly and potentially contradictory level of regulation for the insurance industry. 26 June 2014
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While global insurance hubs such as London (including the Lloyd’s market) and Bermuda remain at the forefront of industry innovation, times are changing and the location of people’s desks is less important than it once was. 26 June 2014
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A report by Swiss Re’s sigma group has found that non-life growth slowed in 2014, down from 2.7 percent in 2013, to 2.3 percent in 2014. 25 June 2014
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Despite suggestions that the US hurricane season will be quitter than normal, Guy Carpenter has released a new report cautioning against assumptions and a lack of preparedness. 25 June 2014
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With a kilometre-high building planned in Jeddah, Saudi Arabia, insurers will have to grapple with the increasing complexities of providing coverage for the construction and property risks of super-tall structures. 25 June 2014
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Brad Kading, president and executive director of ABIR, believes that corporates may follow the industry’s lead in developing sidecars backed by third party capital. 24 June 2014
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William Thygeson has been appointed chief operating officer of Hamilton USA, the US operation of Bermuda-based Hamilton Insurance Group. 24 June 2014
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Marsh has launched a Cyber Risk Financing Optimisation Tool in Europe that will help firms manage their cyber risks more effectively, by enabling them to evaluate their insurance needs and exposures. 24 June 2014
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Validus has announced a definitive agreement to acquire US specialty lines insurer, Western World Insurance Group, as it looks to develop a more diversified group portfolio. 24 June 2014
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Argo Global Assurances, the Paris-based underwriting platform of Argo, has appointed Édouard Merlet, who previously worked at Allianz Global Corporate & Specialty as space underwriter. 23 June 2014
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