WTW reveals internet coverage of ports and terminals

WTW has announced the launch of CyNav for Ports and Terminals, a new electronic product to meet the need for specialized electronic coverage for ports, terminal owners and operators. CyNav for Ports and Terminals provides flexible, tailored cover for business interruption losses, including losses arising from IT service providers, damage to first and third party […]

AXA XL selects new chief global underwriter

AXA XL has announced the appointment of Libby Bennett as Chief Global Underwriter (GCUO). The upgrade will see her succeed Nancy Beaulay who recently took command of the global reinsurance operation on the AXA XL. Bennett first joined AXA XL in 2020, taking over as Chief Internet Underwriting Officer. When AXA XL implemented its new […]

Explanation of suitability, best interest and credit

This post is part of a series sponsored by AgentSync. Insurance producers have to follow different standards of care when it comes to serving their customers. While deception and fraud are totally unacceptable, depending on the situation, just being honest about an insurance product doesn’t cut it. For most of insurance regulatory history in the […]

Aegon announced the sale of 151 million pounds

Dutch insurer Aegon is selling its 50% stake in a Spanish insurance joint venture with Liberbank for a total turnover of €177m (about £151m). The stake will be acquired by Unicaja Banco, whose merger with Liberbank was completed last year. The Aegon divestment is expected to close in the second half of 2022, as Aegon […]

There can be no excuses for sexism in insurance

An unnamed investor said that Blanc was not “the man for the job” while lamenting that her comment on Aviva’s financial performance had not matched the insurance company’s share price performance in the past decade. Another contributor questioned whether Blanc – one of the champions of the UK government’s ‘Women in Finance’ initiative, which aims […]

Allianz Global Insurance Report: 2021 was a good year for the industry

“So 2021 marks the extraordinary end of the last decade in which growth was much lower (+3.6% per year on average) and was led by Asia, which accounted for 40% of all additional premiums, more than half of which was written in China. As a result, China’s share in the Global market to 12%. Read […]

Allianz Global Insurance Report: 2021 is a good year for the industry

“So 2021 marks the extraordinary end of the last decade in which growth was much lower (+3.6% per year on average) and was led by Asia, which accounted for 40% of all additional premiums, more than half of which was written in China. As a result, China’s share in the Global market to 12%. Read […]

Arc Insurance has appointed a new Head of Terrorism, Political Violence and War

Arc Insurance International (Arch), the wholly owned subsidiary of Arc Capital Group Limited that provides specialized solutions to risks worldwide, has welcomed terrorism expert Andrew Buckham to its highly experienced underwriting team as the new Head of Terrorism, Political Violence and War. Bauckham brings significant terrorism insurance experience to Arch’s underwriting team, most recently as […]

Arch appoints new chief of terrorism, political violence and war

Arc Insurance International (Arch), the wholly owned subsidiary of Arc Capital Group Limited that provides specialized solutions to risks worldwide, has welcomed terrorism expert Andrew Buckham to its highly experienced underwriting team as the new Head of Terrorism, Political Violence and War. Bauckham brings significant terrorism insurance experience to Arch’s underwriting team, most recently as […]

NAMIC responds to a special session on property insurance reform

With Florida lawmakers holding a special session to address the state’s property insurance market problem, the National Association of Mutual Insurers (NAMIC) released a statement saying the special session is an “opportunity for the legislature to pass critical reforms.” During the special session, the Senate Appropriations Committee approved two bills, which will move to the […]

Marsh specialty selects global political risk leader

Marsh has announced the appointment of Rob Perry as Global Leader of Political Risk and Structured Credit for Marsh Specialty, effective July 1. Perry will be based in London and will report to Nick Robson, Marsh Specialty’s global leader in credit specialties. In his new role, Perry will oversee the development of Marsh Specialty’s political […]

MS Amlin Owner Announces Full Year Financial Statements

MS&AD Insurance Group Holdings, the parent company of MS Amlin, has disclosed its operating results for the year ended March 31, 2022. According to a summary of financial statements published by the Japan-based insurance group, MS & AD net income attributable to the owners of the parent company rose 82% to 262.8 billion yen. Ordinary […]

MS Amlin owner reports full year results

MS&AD Insurance Group Holdings, the parent company of MS Amlin, has disclosed its operating results for the year ended March 31, 2022. According to a summary of financial statements published by the Japan-based insurance group, MS & AD net income attributable to the owners of the parent company rose 82% to 262.8 billion yen. Ordinary […]

Dan Coogler, a veteran of risk management, dies

The Spencer Education Foundation, which supports the education of professionals in risk management and insurance, has announced the death of Dan Coogler, a veteran risk management professional who served on the boards of both the Spencer Education Foundation and RIMS. The foundation said Coogler was “a thought leader, mentor, and a firm believer in creating […]

Industry champion joins Newfront | American insurance business

Technology-backed insurance brokerage Newfront has announced the appointment of Jeff Simpson (pictured above) as Senior Vice President and Property Accident Producer. Simpson has over 20 years of experience in risk management. “We are delighted to have Jeff on the team, which is growing at an incredible pace,” said Brian Hetherington, president of Newfront. “Jeff has […]

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