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Everest Re launches risk management unit

Bermudian (re)insurer Everest Re has launched a risk management unit within its US insurance division, the company announced today (24 May).

Matthew Neill, 24 May 2016
Underwriters have lost pioneering spirit: Watson

Hiscox chief underwriting officer Richard Watson bemoaned the lack of innovation coming from Lloyd's underwriters during a speech at the Association of Lloyd's Members conference yesterday (23 May).

Iulia Ciutina, 24 May 2016
Archaic Names capital structures must evolve: Nelson

Names capital represents a diminishing element of the total funds available at Lloyd's and must modernise if it is to endure, according to the Corporation's chairman John Nelson.

Winifred Okocha, 24 May 2016
Novae makes two senior marine hires

Novae has hired two underwriters from Mitsui Sumitomo at Lloyd's to expand its marine team, it announced today (24 May).

Catrin Shi, 24 May 2016
Chubb reveals European SME push

Chubb has unveiled a new proposition for brokers and their small and medium-sized clients in Europe, it announced yesterday (23 May).

Winifred Okocha, 24 May 2016
Citizens slashes reinsurance limit

Florida Citizens Property Insurance plans to reduce its reinsurance cover in place for the 2016 hurricane season by more than a third from last year, sapping demand in the Sunshine State.

Fiona Robertson, 24 May 2016
Dalgarno to tackle Towergate legacy issues

UK broker Towergate has placed chief risk officer Sarah Dalgarno in charge of addressing the company's legacy challenges, as the firm continues its turnaround.

Catrin Shi, 24 May 2016
Insurers pay $1.1bn Kumamoto quake bill

Foreign and Japanese domestic insurance companies have paid out 123bn yen ($1.1bn) in claims related to the Kumamoto earthquake that struck the country in April.

Winifred Okocha, 24 May 2016
China Mobile to invest $305mn in insurer

State-owned telecoms company China Mobile is set to inject 2bn yuan ($305mn) into two Chinese insurance companies, according to local media reports.

Adam McNestrie, 24 May 2016
Sri Lanka flood economic losses could hit $2bn

Global reinsurers and the London market will pay out for damages arising from recent severe flooding and landslides in Sri Lanka, with economic loss estimates from the event pitched at a minimum of $1.5bn-$2bn.

Catrin Shi, 24 May 2016

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