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International Group extracts modest rate reduction

The International Group (IG) of P&I clubs looks set to secure a rate reduction on its vast reinsurance deal for 2017/18 after a bruising round of negotiations with the marine market, The Insurance Insider can reveal.

Adam McNestrie, 18 December 2017
Exin hires Oman Insurance CEO as principal executive

Oman Insurance Company’s CEO Christos Adamantiadis has resigned from his role after less than three years to become principal executive at start-up Exin Group.

Charlie Thomas, 18 December 2017
Chubb elevates Booker to replace Church in US property

Chubb has promoted Matt Booker to replace Brian Church as the executive in charge of US major property accounts, after Church was named head of international property in the carrier’s overseas general business group.

Ted Bunker, 18 December 2017
Endeavour installs Giles as non-executive chairman

Lloyd’s broker Endeavour Insurance Services has tapped Chris Giles to serve as non-executive chairman to help guide it as it expands in new risk markets and invests in new technology.

Ted Bunker, 18 December 2017
Global reinsurance outlook kept at negative by AM Best

Global reinsurance market conditions may “improve slightly” but AM Best kept its negative outlook for the industry, citing uncertainty about the magnitude of any pricing increase and how long it may be sustained in a report issued today.

Ted Bunker, 18 December 2017
BP Marsh takes 20% stake in EC3 Brokers

BP Marsh has acquired a 20 percent stake in London independent broker EC3 Brokers Limited for £5mn ($6.7mn) cash.

Catrin Shi, 18 December 2017
American Family invests to accelerate digital moves

Regional carrier American Family Insurance has purchased Networked Insights to speed up its “digital transformation” through greater use of data, analytics and artificial intelligence in property and casualty underwriting.

Ted Bunker, 16 December 2017
Opinion: Tax tussles

It's ironic that it takes a continent traditionally caricatured by Americans for its penchant for smelly foods and state intervention to point out that incoming US tax reforms could break international trade rules

Laura Board, 15 December 2017
Ex Marsh UK aviation chief departs following settlement

Former Marsh UK aviation chief Marcel Chad has left after reaching a settlement with the broking giant, The Insurance Insider can reveal

Adam McNestrie, 15 December 2017
California orders Fair Plan to lift fire ‘moratorium’

California’s Fair Plan, set up as an insurer of last resort for property owners, must lift a ban on writing new policies in areas threatened by wildfires, state insurance commissioner Dave Jones ordered late yesterday.

Ted Bunker, 15 December 2017

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