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UK motor business will be back in black by 2018: EY
The ailing UK motor insurance market is expected to approach break-even this year and return to profitability in 2018, according to EY's latest analysis.
Laura Board
,
20 November 2017
XL Catlin hires Coface executive as Germany manager
XL Catlin's insurance operation has appointed Thomas Götting as country manager for Germany.
Laura Board
,
20 November 2017
AGCS reshuffles in New York as Guffey departs
Allianz Global & Corporate Specialty (AGCS) has announced two senior appointments following the departure of alternative risk veteran Bill Guffey.
John Hewitt Jones
,
20 November 2017
Aspen predicts rate increases in specialty insurance
Bermudian carrier Aspen has forecast double-digit rate increases for global energy and construction and global marine insurance following a tough quarter for natural disasters.
Charlie Thomas
,
20 November 2017
RFIB names CFO
London market broker RFIB Group has named Steven Beard as its chief financial officer, the company said today.
Bernard Goyder
,
20 November 2017
Samengo-Turner takes Willis Fac emerging markets role
Julian Samengo-Turner, the ex-Integro International CEO and former head of Guy Carpenter's GC Fac unit, has taken a major new role at Willis Towers Watson in Dubai, The Insurance Insider can reveal.
Bernard Goyder
,
20 November 2017
Skuld executive Lindh to bow out in January
Skuld senior executive Claes Lindh is set to retire, according to a statement from the Norwegian protection and indemnity (P&I) club.
John Hewitt Jones
,
20 November 2017
Canopius HIM burden pegged at $190mn
More evidence of Lime Street's above-market exposure to third quarter cat events has emerged after Sompo investor material showed Lloyd's business Canopius took net losses of 21.6bn yen ($190mn) from hurricanes Harvey, Irma and Maria.
Charlie Thomas
,
20 November 2017
Opinion: Total recall
News last week that Mars has lodged a claim for $50mn-$60mn from its insurers after it recalled confectionary because of Salmonella worries is emblematic of the rising exposures insurers are taking on in product recall.
Laura Board
,
20 November 2017
Allianz is ‘well-protected’ from potential buyers: Wemmer
Allianz's chief financial officer has dismissed the notion that Allianz could find itself acquired in the near-term, telling German newspaper Borsen-Zeitung its sheer size made it a difficult target.
Charlie Thomas
,
20 November 2017
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