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Marsh hires Aon’s Nayler to lead UK financial institutions

David Nayler, Aon UK's former head of financial and professional services, has agreed to move to Marsh to lead its UK financial institutions industry practice, the broker announced today.

Charlie Thomas, 31 August 2017
Ascot unveils first Ethos MGA

Ascot Group has launched Vertical Underwriting Managers (VUM), the first US specialty MGA under its Ethos Specialty Insurance Services platform, the carrier announced today

David Bull, 31 August 2017
Former MMC vice chair Bob Newhouse dies

Robert "Bob" J Newhouse Jr, the former vice chairman of Marsh & McLennan Companies (MMC), has died following a brief illness

Charlie Thomas, 31 August 2017
EMC Insurance COO to retire in 2018

P&C (re)insurer EMC Insurance Group has announced that its chief operating officer Kevin Hovick is to retire in January 2018.

Charlie Thomas, 31 August 2017
Opinion: NFIP flaws

The inundation of Houston this week undoubtedly will expose the most fundamental flaws in the National Flood Insurance Program (NFIP), a creation of the same government that ushered in then-president Lyndon Johnson's Great Society social welfare programmes in the 1960s

Ted Bunker, 31 August 2017
NFIP reinsurers likely to take total loss: Fitch

Reinsurers on the National Flood Insurance Program's (NFIP) $1bn reinsurance programme are likely to suffer a total loss on the cover, although at a company level the losses will be manageable, Fitch Ratings has said.

Catrin Shi, 31 August 2017
Downstream, chemicals sectors hit by Harvey

Flood damage from Harvey has crippled several Texan refineries and industrial complexes, with explosions reported from an Arkema chemicals facility.

Catrin Shi, 31 August 2017
Lloyd’s insurers file counterclaim in Kanye West dispute

A consortium of Lloyd's underwriters have filed a counterclaim in an ongoing lawsuit against rapper Kanye West, citing "substantial irregularities" in the artist's medical history.

Catrin Shi, 31 August 2017
Allianz agrees to buy Nigerian Ensure from Greenoaks

Allianz has agreed to buy a majority stake in Nigerian multi-line insurer Ensure from Greenoaks Global Holdings to broaden its operations in Africa, the German financial giant said today.

Ted Bunker, 31 August 2017
Harvey claims start coming in even as flooding goes on

Claims stemming from Hurricane Harvey started rolling in today even before the scale of the historic storm has been fully defined.

Ted Bunker, 31 August 2017

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