Appointment to the newly created role with effect from April Insurance news Property and casualty and special risks division of an international insurer AXA has appointed its first-ever global chief underwriting officer for the specialty. The newly created role at AXA XL On April 1, Anne Marie Elder – currently Global CUO for the…
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Houthi actions punish commercial interests Insurance news Source: Bloomberg Chinese-owned merchant ships receive significant insurance discounts when sailing through the Red Sea, another sign of how Houthi attacks in the region are punishing the commercial interests of vessels with ties to the West. The militants began targeting vessels linked to Israel in mid-November before expanding…
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CEO describes annual performance as ‘solid’ Insurance news WTW had a “solid” financial performance in 2023, according to CEO Carl Hess (pictured). In the release, the brokerage giant reported the following results for the three months and the year ended December 31, 2023: Metric 4th quarter 2023 Q4 2022 FY 2023 FY 2022 Revenues $2.91…
Read More “WTW reports financial results for the fourth quarter and full year 2023” »
Incoming COO to help execute growth plans without compromising company culture Insurance news Howden has appointed David Shalders, Chief Operating Officer and Head of Integration at the London Stock Exchange Group (LSEG), as the Group’s Chief Operating Officer. Shalders joins the global insurance group once it fulfills its contractual obligations to LSEG. He will be…
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Marked as “very productive” last year Insurance news The Hanover Insurance Group released its 2023 earnings report – a period President and CEO John C. Roche described as “a very productive year.” Here are the financial results released by Hanover for the fourth quarter and the full 12 months: Metric 4th quarter 2023 Q4…
Rent a connection key from Chubb Ownership National has named Casey Kempton (pictured) as head of the company’s personal property business since mid-February. “I am thrilled to be joining Nationwide,” Kempton said in a report. “This is a dynamic time for the P&C (property and casualty) industry and I look forward to working with…
Read More “Casey Kempton: The Nationwide Leader’s Choice for Personal Line Real Estate Business” »
CEO says numbers show ‘as we go further, faster’ Insurance news It’s Plc’s turn to share how it performed in the three and 12 months to 31 December 2023. Below are its financial results for two periods, according to the brokerage giant. Metric 4th quarter 2023 Q4 2022 FY 2023 FY 2022 Revenues 3.4 billion…
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Navigating the volatile cyber insurance market, insurers face a challenging environment of rapid growth, unpredictable threats, and unsustainable pricing models. According to a report by Risk Placement Services (RPS), the cyber insurance market is experiencing rapid growth and volatility, with the cycle between hard and soft markets much more compressed than other types of insurance….
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Activity exceeded the total recorded in 2022 by 68% Insurance news (Cyber Security) Ransomware activity for 2023 surpassed the total seen in 2022 by 68%, according to a report from Corvus Insurance (Corvus), a cyber underwriter. The Corvus Q4 2023 Ransomware Report found that ransomware attacks occurred at a record pace during 2023. It…
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The promoted leader has been working in the company since 2014 Insurance news Wholesale insurance broker Brown & Riding has officially appointed Andrew Grim as the Managing Director of the specialty division. Grim has been a part of Brown & Riding since 2014. In his newly appointed role, he will be responsible for spearheading the…
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