This edition of International People Moves details appointments at Beazley and BMS Re. A summary of these new hires follows here. Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe Beazley, the London-based specialty insurer, announced the appointment of …
Swiss Re’s commercial insurance arm, Swiss Re Corporate Solutions, has unveiled a new organizational structure, aiming to serve corporates and brokers more closely at the country level with the introduction of market units. In addition, it announced that Katie McGrath, …
Swiss Re Corporate Solutions Unveils New Structure, Promotes McGrath as CUO Read More »
A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed to climate change is to mitigate the impact of natural disasters. Prevention needs to become “a mandatory part” of insurance …
AXA CEO Says Prevention Needed to Keep Home Insurance Affordable Read More »
British insurer Aviva beat annual profit expectations on double-digit growth in its general insurance premiums in 2024, and said its planned 3.7 billion pound ($4.69 billion) acquisition of smaller rival Direct Line was on track. The company, which offers car, …
UK’s Aviva Beats Profit Estimates on Double-Digit Growth in General Insurance Premiums Read More »
French insurer AXA reported better-than-expected full-year earnings on Thursday, boosted by increased premiums from individual insurance policies and fewer claims for natural catastrophes. Full-year net income jumped by 10% from a year earlier to 7.89 billion euros ($8.28 billion), beating …
AXA Earnings Beat Estimates as it Avoids Worst of Los Angeles Fire Claims Read More »
Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million and would impact its first quarter results, the latest European reinsurer to disclose a hit from the January blaze. The …
Swiss Re Expects Hit of Less Than $700 Million From Los Angeles Wildfires Read More »
The last three years have exposed a growing challenge for insurance carriers: attracting, hiring and retaining young talent. Despite the passing of the so-called “Great Resignation,” the insurance industry continues to face significant workforce challenges. The Bureau of Labor Statistics …
Viewpoint: Attracting and Retaining Gen Z to Quell the Insurance Talent Crunch Read More »
The head of the world’s largest aircraft leasing company, AerCap, said on Wednesday that Russia may look to buy used aircraft or engines if and when its markets reopen but that he saw no rush by Western lessors to resume …
AerCap CEO Sees No Quick Return to Russia if Market Reopens on Insurance Concerns Read More »
After a fire broke out at an Oklahoma motel in June 2020, the property owner submitted a loss claim to its surplus lines insurer – only to find the insurer denied the claim on the assertion that a commercial lines …
Oklahoma Supreme Court: Insurer Must Provide Direct Renewal Notice to Named Insured Read More »
It was not your typical smash-and-grab burglary and the booty was precious: a toilet worth more than its weight in gold. The one-of-a-kind 18-carat gold toilet was swiped in under five minutes from Blenheim Palace, the sprawling English country mansion …
Prosecutor Says Golden Toilet Was Stolen From English Palace in ‘Audacious Raid’ Read More »
