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Cooper Gay hires Angelini-Hurll as reinsurance CEO
Cooper Gay has hired Kieran Angelini-Hurll from Willis Re to become CEO of its reinsurance arm, The Insurance Insider understands
Catrin Shi
,
16 June 2016
Pembroke partners with Old Mutual on African risk
Ironshore Lloyd's subsidiary Pembroke has entered into an agreement with Old Mutual Group to provide $250mn of select specialty capacity for African risks
Catrin Shi
,
16 June 2016
Diversified capital base needed for success: Doucette
A flexible capital structure with both rated and unrated capital is needed for reinsurers to succeed in the "new world order", according to Everest Re chief underwriting officer John Doucette
Catrin Shi
,
16 June 2016
Nephila and ART pilot ‘smart contracts’ with blockchain tech
Nephila and fronting partner Allianz Risk Transfer (ART) have successfully piloted the use of blockchain technology for transacting a catastrophe swap
Charlie Thomas
,
16 June 2016
Irdai considers risk-based capital approach
The Insurance Regulatory and Development Authority of India (Irdai) has decided to form a committee to consider employing a risk-based capital approach and liability valuation methods, the watchdog announced last week (10 June)
Charlie Thomas
,
16 June 2016
Suncorp storm losses could hit A$80mn
Australian carrier Suncorp expects the east coast storms that hit the country last week to cause it losses of between A$60mn and A$80mn ($44mn and $59mn), the company announced today (16 June)
Charlie Thomas
,
16 June 2016
Distribution costs too high: Long
The cost of distribution is too high and with increased transparency, intermediaries should start to interrogate their charging structure, Liberty Mutual CEO David Long has argued.
Dan Ascher
,
16 June 2016
European and Chinese regulators announce MoU
The European Insurance and Occupational Pensions Authority (Eiopa) and the China Insurance Regulatory Commission (CIRC) have signed a Memorandum of Understanding (MoU) today (15 June) to increase mutual understanding of one another's supervisory regimes.
Winifred Okocha
,
15 June 2016
Flood Re take-up more than doubles
The number of carriers signed up to Flood Re has more than doubled since its 4 April launch, the scheme announced today (15 June).
Winifred Okocha
,
15 June 2016
Insurers pay 90% of UK winter storm claims
Some 90 percent of insurance claims from Storms Desmond, Eva and Frank have been fully or partly settled, according to the Association of British Insurers (ABI).
Winifred Okocha
,
15 June 2016
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