Steve Beslity, chairman of global marine at Aon Risk Solutions, is to retire by mid-2018.
The London and International Insurance Brokers’ Association is to focus on getting brokers signed up to electronic trading platform Placing Platform Limited over 2018.
Volante has launched Edison Motor, its first London Market-based managing general agent.
Axis Capital estimates it will take a $130m hit as a result of fourth quarter catastrophe and weather-related losses.
The value of the global non-life discontinued business market exceeds $700bn, according to research from PWC.
Lloyd’s carrier Beazley said it expects to post a pre-tax profit for 2017, ahead of market expectations and in despite of hefty nat cat bills in the fourth quarter.
Nexus Group has named Mike Sibthorpe as CEO of its insurance and reinsurance business as the business gears up for a potential sale in 2018.
Losses from a single cyber attack could see the industry fork out more than a major loss natural catastrophe like Hurricane Katrina.
Lloyd's will open its Brussels unit by January next year, according to reports.
Lloyd’s of London is to take on daredevil climbing enthusiasts by seeking an injunction to stop people from climbing its iconic Lime Street building.
Davies Group has bought Randall & Quilter’s Insurance Services and Captive Management Operations for £18.6m.
Mark Waters, legal expenses underwriter at Lloyd's (re)insurer Antares, on promoting legal expenses cover for Asian businesses.
CNA Hardy has named Stuart Middleton as CEO of their Luxembourg subsidiary.
Some underwriters are still reviewing data manually but Rodrigo DeCossio, UK insurance lead at Mark Logic, suggests 2018 might be the year to automate these processes and drive more efficiency in underwriting.
Acrisure is to acquire the independent reinsurance broker Beach & Associates.
AM Best is maintaining a negative outlook for the US property and casualty reinsurance sector due to continued pressure on property catastrophe rates.
Munich Re and Easyjet have teamed up on a flight cancellation insurance product.
New capital entering the reinsurance sector will wash away any relief gained from rate rises at January renewals, Aon Benfield has said.
Axis Capital has initiated plans to consolidate its Lloyd’s business into Axis Syndicate 1686.
Cardinus Risk Management’s CEO Andy Hawkes has been elected president of International Institute of Risk and Safety Management.
Catastrophe bond activity set a new record last year with full-year 2017 cat bond issuance totalling $10.5bn (£7.75bn), according to Property Claim Services.
Property Claim Services is to launch a specialty lines loss aggregation solution for terror in the first quarter of 2018.
Beazley and Just Travel Cover have joined forces to cover travel disruption caused by an act of terrorism.
The promised whiplash and discount rate reforms, as well as the UK’s exit from the European Union, are expected to shape the coming year for the industry. Insurers, brokers, loss adjusters and lawyers are wary of political uncertainties and the trends in…