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TransRe cyber exec Owens jumps to Markel

TransRe’s global head of cyber risk Kara Owens has left the reinsurer to take up a senior role at Markel, The Insurance Insider has learned.

David Bull, 20 March 2018
D&F disappointment as loss-free rates show muted response at 1.4

London property direct and facultative underwriters have voiced frustration at the direction of 1 April renewal discussions, as it becomes clear that rate increases on loss-free business will lag expectations.

Catrin Shi, 20 March 2018
Lloyd's threatens capital loading for missed PPL targets

Lloyd's managing agents face the prospect of capital loading increases if they miss electronic placement usage targets

Bernard Goyder, 20 March 2018
UK government presents Ogden reform law

The UK government has coupled reforms to the Ogden discount rate with reforms to reduce whiplash compensation within a bill to be introduced to parliament today.

Laura Board, 20 March 2018
New Zealand extends quake cover under national scheme

The New Zealand government has announced a NZ$50,000 (US$36,000) increase to the cap on Earthquake Commission (EQC) residential building cover.

Rachel Dalton, 20 March 2018
Arch chairman Iordanou passes CEO role to Grandisson

Arch Capital has elevated president and COO Marc Grandisson into the CEO's role, replacing long-time CEO Dinos Iordanou, who remains chairman, the company said on Friday in a regulatory filing.

Ted Bunker, 19 March 2018
GIC Syndicate 1947 cleared for April start

Pembroke Managing Agency confirmed it has gained final approval from Lloyd's to establish and manage GIC Syndicate 1947 in time to begin underwriting from 1 April.

Laura Board, 19 March 2018
Opinion: Branching out

Senior insurance executives convening for Insider US last week in New York forged a consensus on at least one thing.

Laura Board, 19 March 2018
Talanx Q4 operating profit rises 7.4%

Majority Hannover Re shareholder Talanx said operating profit rose 7.4 percent to EUR704mn ($864.9mn) in the fourth quarter as an improved underwriting result in P&C reinsurance offset a deterioration in its industrial lines business.

John Hewitt Jones, 19 March 2018
ICA declares catastrophe for Australian wildfires

The Insurance Council of Australia (ICA) has declared a catastrophe event for bushfires that swept through rural parts of New South Wales and Victoria states over the weekend.

John Hewitt Jones, 19 March 2018

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