News

News

TRIA ‘beautiful’, but conclusions over its future vary

Uncertainty and partisanship over the likely form of a renewed TRIA is creating considerable ambiguity, leaving insurers to wrestle with contract wordings and rates in an evolving terrorism market.   16 April 2014

News

Argo appoints new chief human resources officer

Argo has appointed Kurt Alia as senior vice president and chief human resources officer. Alia will report to Argo CEO, Mark Watson.   16 April 2014

News

Brindle retires; Mahoney to take helm at Lancashire

Lancashire’s founder, Richard Brindle is to retire and will be replaced as CEO by Alex Maloney from the end of April.   16 April 2014

article

Aon: claims outstripped premiums in airline aviation in 2013

2013 airline aviation claims for global lead hull and liability outstripped premiums and the loss of Malaysian Airlines flight MH370 has done little to change a softening market.   16 April 2014

News

PCS: Q1 cat season ‘middle of the road’

PCS’s latest review of the North American catastrophe season found that the market suffered $2.2 billion of losses during Q1, slightly below the quarterly average of $2.5 billion.   16 April 2014

News

‘White label-plus’ approach unlocking the potential of SME risk

PartnerRe Wholesale is pursuing a ‘white label-plus’ approach to its binding authority offering, as it looks to unlock professional indemnity and D&O risk within the global SME market.   16 April 2014

News

ACE launches global cyber risk practice

ACE launches a global cyber risk practice, to be headed by Toby Merrill as division senior vice president, as studies show the significance of the cyber threat.   15 April 2014

News

Endurance attacks Aspen’s ‘entrenched’ position

Endurance has said that Aspen’s rejection of its $3.2 billion offer for the company denies its shareholders an “opportunity to realise value”, adding that Aspen faces “limitations” if it continues to pursue its current go-it-alone strategy.   15 April 2014

News

Munich Re and Willis Re extend their support to RMS (one)

Torsten Jeworrek, CEO of reinsurance at Munich Re has endorsed RMS’s new modelling platform RMS (one), stating that the re/insurer has chosen the system as its core platform for exposure management.   15 April 2014

Re/insurance

Insurance: disciplined, but competitive

Bermuda insurers are facing increasing pressure on rates due to rising levels of capacity, but recent renewals have shown that underwriting discipline is entrenched in the marketplace.   15 April 2014

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