United States of America (USA)
Reinsurance pricing won't turn this year, says Fitch
Reinsurance pricing is unlikely to change its course over the next year, with soft market conditions expected to continue and further pricing declines anticipated, according to Fitch Ratings.
AIG appoints Duperreault as CEO
AIG has appointed Brian Duperreault as president and CEO, replacing Peter Hancock.
Blog: Underwriters need to know their knowns and unknowns
Underwriting behaviours can be embodied by three famous Donalds: Duck, Trump and Rumsfeld, observes Nick Dinsdale, portfolio manager at Covéa, adding that quantifying the known and unknown facts will help make informed decisions.
Week in Post: Bonsai trees, jelly beans and the thousand-yard stare
The majority of the Post team started the week as ‘virgins’ of the British Insurance Brokers’ Association annual conference. This morning, I see most of them have the same look in their bloodshot eyes. War veterans call it the thousand-yard stare.
AIG plans to name Brian Duperreault as CEO: WSJ
AIG will reportedly name Brian Duperreault as CEO, with a formal with an announcement expected imminently.
Lemonade expands to California with backing from Ashton Kutcher
Insurtech poster child Lemonade has expanded into California, its third state, winning plaudits from celebrity backer Ashton Kutcher along the way.
Websure expands into North America
Reinsurance software provider Websure has expanded into North America with the opening of a US operation.
Beazley posts 2% drop in gross written premium
Insurer Beazley has reported a 2% drop in gross premium written in the three months to the end of March 2017.
Kennedys to merge with US insurance law firm
Kennedys will be merging with US insurance law firm Carroll McNulty & Kull to create a global insurance practice.
Liberty rebrands specialty division following Ironshore purchase
Liberty Mutual Insurance has completed the purchase of Bermuda-headquartered $2.2bn (£1.7bn) gross written premium specialty insurer Ironshore.
Brand reputation is top risk to companies worldwide
Brand reputation and damage is the top concern for business across the globe according to survey findings from Aon.
AIR Worldwide launches cyber risk aggregator tool
Catastrophe modelling firm AIR Worldwide has launched a cyber risk modelling tool to estimate potential insured cyber losses across an insurer's portfolio.
Marsh and Nephila bring alternative capital property offering to market
Marsh and The Schinnerer Group have launched the first alternative capital-backed retail property-insurance vehicle for companies in the United States.
Blog: Diary of an insurtech start-up, episode 2: Silicon Valley
James Stuart Clarke, head of sales and partnerships at Digital Fineprint, compares the start-up scenes of San Francisco and London in the second instalment of his behind-the-scenes look at insurtech disruption.
Aspen Insurance teams up with US Risk on marine
Aspen Insurance will offer marine insurance across the United States through a partnership with the wholesale broker US Risk.
Willis Towers Watson CFO Millay to retire
Willis Towers Watson’s chief financial officer Roger Millay is to retire in October.
Terrorism and political risk threat increases worldwide
Businesses with domestic and international footprints face an increasing threat of terrorism risk as Western countries experience a sharp increase in such attacks, according to risk analysts.
M&A insurance growth undeterred by Brexit uncertainty, says JLT
The demand for mergers and acquisitions insurance remains strong despite fears that Brexit uncertainty may hinder growth, according to JLT.
Nat cat losses cost insurers over $2bn in March alone, says Aon
Global natural disaster events could impact insurers with a $2bn (£1.6bn) hit over March, according to impact forecasting from Aon Benfield.
Startup Trov secures $45m for expansion efforts
On-demand insurance provider Trov has secured $45m (£36m) of investment for its global expansion efforts.
Lemonade expands to Illinois six months after New York launch
Lemonade has expanded to Illinois as part of its plans to expand nationwide and reach 97% of the US population by 2017.
Reinsurance rate decline slows at April renewals
The 1 April reinsurance renewals saw rate reductions range from flat to mid-single digit reductions, an improvement compared to the low double digit range seen 12 months ago, according to Willis Re.
Global insured disaster losses hit $54bn in 2016: Swiss Re
Natural catastrophes and man-made disasters in 2016 resulted in insured losses of $54bn (£43bn), an increase of 46%, according to Swiss Re's latest Sigma study.
Prudential CEO pay drops 30% in 2016
Prudential CEO Mike Wells' pay fell by a third to £6.9m 2016, the insurer's annual report has shown.