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Lloyd’s expands oversight and targets expense reduction

Lloyd's CEO Inga Beale has signalled that the Corporation will shift its syndicate oversight activity to focus on all elements of the combined ratio, as she targets 10% job cuts.

Charlie Thomas, 26 June 2017
Aspen Re trio gearing up for MGA launch

Aspen Re's former London head Stefan Long is working with Martin Reith's Neon to establish a rare London market reinsurance MGA as the boom in company formation in EC3 continues, The Insurance Insider can reveal.

Adam McNestrie, 26 June 2017
AM Best affirms credit ratings of Grenfell insurer Ocaso

AM Best has affirmed the A financial strength rating and a+ long-term issuer credit rating of Spanish insurer Ocaso.

Laura Board, 26 June 2017
CNA Hardy hires Lloyd’s cargo head from Neon

CNA Hardy has hired Alistair Marriott from Neon to lead its cargo division at Lloyd's, it announced today

Catrin Shi, 26 June 2017
NZ government lifts earthquake coverage

New Zealand's Earthquake Commission (EQC) will expand its cover for residential buildings damage by 50 percent under upcoming reforms to the regime for the country's public disaster insurance

Fiona Robertson, 26 June 2017
Ryan Specialty names D’Onofrio as WKFC CEO

Ryan Specialty Group (RSG) has promoted Dawn D'Onofrio to the role of CEO and president of WKFC Underwriting Managers, after Mike Sillat resigned last month.

Laura Board, 26 June 2017
Delek and Yango drop $610mn Phoenix deal

Israeli energy conglomerate Delek Group's 2.2bn shekel ($610mn) sale of local insurer Phoenix Holdings to Chinese conglomerate Yango Investments has collapsed after both parties agreed to walk away from the deal

Matthew Neill, 26 June 2017
Nance named Axis US E&S property head

Axis Insurance has appointed Marc Nance as head of its US excess and surplus (E&S) property division, the company announced today.

Matthew Neill, 26 June 2017
Currency weakness weighs on Latin American non-life market

The Latin American non-life insurance market contracted by 11.3 percent in 2016 as currencies in the region depreciated against the dollar.

Laura Board, 26 June 2017
Axa appoints Hong Kong CEO

Etienne Bouas-Laurent has been named the new CEO for Axa's Hong Kong office, the carrier announced earlier today

Charlie Thomas, 26 June 2017

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