United States of America (USA)
International: Best Practices for EU Insurers Filing US ORSA Summary Reports
Kristi M Robles gives a few pointers on filing ORSA reports in different jurisdictions
Wunelli targets US after striking deal with Chinese insurer
UK telematics provider Wunelli has signalled its intention to launch into the American and Chinese insurance markets following its takeover by US firm Lexis Nexis.
Ex-Guy Carpenter boss Flandro joins JLT Towers Re
JLT Towers Re has swooped to make Guy Carpenter’s David Flandro its global head of strategic advisory.
Healthy Pets plotting USA expansion
Healthy Pets is to launch in the USA this summer in collaboration with American insurer Pet First.
Brit chalks up marginal GWP growth in Q1
Growth of 8.2% within Brit’s direct business contributed to group-wide gross written premium of £336.5m in the opening three months of the year (Q1 2013: £332.6m).
Airclaims lands in Vancouver
McLarens-owned aviation loss specialist Airclaims has expanded its Canadian operation with the launch of a new office in Vancouver.
Integro appoints Clements chairman and names executive committee
US broking and risk management firm Integro has appointed John Clements as chairman of its board of directors. Rocco Nittoli has been named vice chairman of the board.
Quindell signs deal as Ebitda rises
Quindell has reported gross sales of almost £163m in the first quarter of 2014, as its subsidiary 360 Globalnet has agreed two five-year property claims deals worth £20m with an unnamed direct UK insurer.
Four insurers subpoenaed in Iran sanctions probe
Four US insurers have been subpoenaed by New York’s Department of Financial Services as part of its investigation into potential sanctions breaches involving Iran.
Quindell boss optimistic on swift full listing as attention turns stateside
Quindell executive chairman Rob Terry has described the early June target for a full listing on the London Stock Exchange as a “conservative estimate” and has underlined his interest in seeking a dual listing in the US.
Digital Channels: The future is digital
Insurers must perform a root and branch review of their digital channels if they want to remain competitive in the coming years.
BMS names reinsurance veteran head of US broking business
BMS has appointed Andrew Bustillo as president and chief executive of its US broking arm BMS Intermediaries.
Kiln buys 49% of Lloyd’s cyber coverholder NAS
Kiln has purchased a 49% stake in NAS Insurance, one of the largest cyber producers in the Lloyd’s market.
Fracking: Frack to the future
With the government pushing hydraulic fracturing in the UK, how will developments in this market affect insurers and what risks does it entail?
Brit achieves record COR following benign cat year
Brit Insurance chalked up a record combined operating ratio of 85.2% in its second full year since turning its focus to global specialty underwriting at Lloyd’s.
UK pet insurance market expected to remain stable
The outlook for UK pet insurers remains positive over the next five years following a 35% increase in the market between 2008 to 2012, according to an insurance software provider.
US January insurance storm claims hit $1.4bn
Catastrophe modeller Impact Forecasting said January's weather in the US cost insurers at least $1.4bn and economic losses of $3bn. Asia also saw its fair share of cold weather in January.
Marsh report highlights falling UK insurance rates last quarter
Insurance rates in the UK mirrored those of Continental Europe and Asia-Pacific in falling in the fourth quarter of last year, according to Marsh’s latest global insurance market quarterly briefing.
ICAT and Ariel partner on US SME cat coverage
US property catastrophe insurer ICAT has partnered with Ariel Syndicate to deliver additional risk capacity to catastrophe-exposed small and medium sized businesses in the US.
R&Q promotes Morris to US captive CEO
R&Q has named Rod Morris as chief executive of its US captive operation, Quest USA.
FM Global’s Batten gets global services role
FM Global has appointed Nicholas Batten as vice president manager of global services at the company’s US headquarters.
US politicians demand investigation into Target data breach
US House Democrats have requested a probe into the data breach which resulted in at least 110 million customers of US retailer Target having personal information stolen.
Town joins Barbican as non-marine reinsurance underwriter
Barbican Insurance Group has appointed Lucy Town as an underwriter in the firm’s non-marine reinsurance department, with immediate effect.
BP loses court appeal and faces further Deepwater Horizon claims
BP has lost an appeal to the US federal appeals court to limit the compensation payouts for the 2010 Deepwater Horizon oil rig disaster in the Gulf of Mexico.