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ICA declares Western Australian bushfires a catastrophe

The Insurance Council of Australia (ICA) has declared out of control bushfires in Western Australia's southwest region a catastrophe

Charlie Thomas, 08 January 2016
AM Best negative on US commercial P&C sector

Ratings agency AM Best has maintained its negative outlook on the commercial property and casualty (P&C) sector, citing its expectation that there will be more downgrades than upgrades in the coming year.

Dan Ascher, 08 January 2016
Specialty lines hit hardest at January renewals

Guy Carpenter said that specialty reinsurance lines experienced some of the greatest rate reductions during the January renewals

Winifred Okocha, 07 January 2016
AIR promotes Churney to president

AIR Worldwide has appointed Bill Churney as president to replace Ming Lee, who retired on 1 January

07 January 2016
McDermott drops out of running for FCA CEO

Tracey McDermott, acting CEO of the Financial Conduct Authority (FCA), has withdrawn from the regulator's process to find a permanent chief executive

Charlie Thomas, 07 January 2016
Markel hires trade credit underwriter

Markel International has appointed Nicola Marriage as senior underwriter in its trade credit division, the specialty insurer announced today (7 January)

Charlie Thomas, 07 January 2016
Arch Re adds duo of underwriters

Arch Re has hired John Willemsen and Bill Hopkins to join its underwriting team based in Morristown, New Jersey, the carrier announced yesterday (6 January).

Charlie Thomas, 07 January 2016
Fitch warns of further pressure on reinsurers in 2016

The January renewal season demonstrated that market pricing for global P&C reinsurance has yet to reach a floor, according to Fitch Ratings

Charlie Thomas, 07 January 2016
XL Catlin promotes Elder to CUO for Americas marine

Anne Marie Elder, formerly senior vice president and chief underwriting officer (CUO) for inland marine in North America, has been promoted to CUO for marine in the Americas at XL Catlin.

Charlie Thomas, 07 January 2016
US and UK December storms to cost insurers $4bn: Aon Benfield

The violent tornadoes in the US and a deluge of floods on both sides of the Atlantic in December contributed to an insurance bill in the region of $4bn, according to Aon Benfield's Impact Forecasting unit.

06 January 2016

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