BMS Re names Jennifer Nodes Managing Director, US Deputy Counsel
BMS Re, the specialist reinsurance arm of BMS, has appointed Jennifer Nodes as Managing Director, US deputy general counsel.
Property cat reinsurance pricing power to fall 5-10% at mid-year renewals
As per a report from analysts at BMO Capital Markets, a prominent reinsurance broking executive from Howden Tiger has suggested property-catastrophe reinsurance pricing power will fall 5-10% at mid-year contract renewals.
Worldwide Facilities acquires Clearwater Underwriters
Agents and Brokers, Mergers and Acquisitions, P/C Insurers
Everest Insurance appoints new heads for France, Germany, and Spain
Everest Insurance has appointed Anne Charon, Bernd Wiemann, and José Ramón Morales to head the firm’s operations in France, Germany, and Spain.
Marsh announces new leadership appointments to its UK and Global Placement team
Marsh, insurance broker and a business of Marsh McLennan, has announced a series of senior appointments across its UK and Global Placement leadership team, including Tom Davies’ as Placement Leader, UK, effective 1 January, 2024.
Judge dismisses COVID cruise lawsuits, warns of ‘trivial cases’
Claims Disputes, Coronavirus, Coverage Disputes, Marine, P/C Insurers
Davos: Zumo releases MiCA readiness report
B2B assets platform Zumo has released a report from Davos on the industry’s readiness for the EU’s upcoming Markets in Crypto-Assets (MiCA) regulation, focusing on sustainability requirements.
Peak Re sponsors 144A cat bond in Hong Kong
Hong Kong-based global reinsurer, Peak Re has issued a US$150 million 144A catastrophe bond via Black Kite Re Limited, a newly established special purposed insurer in Hong Kong.
Fed: Incentives spur sales bounce in NY, NH
Increased incentives have spurred vehicle sales in recent weeks in regions where sales had been soft amid high prices. The…
Davos 2021: PayPal’s Dan Schulman – Profit and purpose being at odds is ‘ridiculous’
Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract.
The Hanover’s Q4 net income soars to $107m as its combined ratio settles at 94%
The Hanover has reported net income of $107.9 million for Q4 of 2023, marking a drastic improvement compared to the net loss of $12.1 million recorded in the same quarter of 2022.
Increased scrutiny raises costs of ancillary product refunds
Auto lenders, dealers and aftermarket product providers face an uptick in regulatory oversight that will require collaboration to streamline processes…