Barbican Insurance Group has taken on Marc Sullivan as a class underwriter for downstream energy, with immediate effect, the carrier said yesterday (13 March).
Emy Donavan has been named as global head of cyber at Allianz Global Corporate & Specialty (AGCS), with effect from the end of March.
Ascot Underwriting has hired Ray Antes from AIG, as executive underwriter in charge of the carrier's political risk team, effective 1 June.
Munich Re had a disappointing fourth quarter 2016 result in its property-casualty (P&C) reinsurance division, with underwriting profitability well below the prior-year period.
The impact of catastrophe claims for Generali improved slightly in 2016, costing EUR295mn (EUR313mn 2015), as the cedant's revised reinsurance programme helped absorb storms and flooding that took place in France and Germany in May and June, and earthquakes that struck central Italy in August and October.
The Financial Services Authority of Indonesia (Otoritas Jasa Keuangan or OJK) has granted operating licences to two more reinsurance brokers this month, taking the total number licensed in the jurisdiction to 42.
Ironshore has increased the amount of dedicated line capacity available for its mergers and acquisitions (M&A) cover to $150mn as it targets a greater anticipated deal-flow throughout North America.
A study of annual disclosures by rating agency AM Best has discloses that the US P&C insurance sector fell to an underwriting loss in 2016- the first time since 2012.
A 2015 explosion at a floating production, storage and offloading unit (FPSO) owned by BW Offshore has settled for EUR470mn, a figure at the upper end of expectations, Inside FAC can reveal.
WeSpecialty- the Paris-based managing general agency (MGA) launched by Aquila Underwriting last year - has unveiled what it claims is a unique product combining elements of political violence/ risk and terrorism cover.
Dear fac-ster, we're all still getting used to the political earthquakes that have been taking place on both sides of the Atlantic...