Articles by Ryan Hewlett
Lloyd's unveils recovery plans for market-turning event
Lloyd’s of London has outlined plans to enhance and speed up recovery in the aftermath of a market turning event, an insurable loss so significant it results in a rapid upturn in pricing.
Reinsurance supply hits new high as capital tops $605bn in Q1
Global reinsurer capital stood at a peak level of $605bn at 31 March 2017, an increase of 2% from the end of 2016, according to Aon Benfield.
Aegis' John Chase joins Schillings as partner
Reputation and privacy firm Schillings has named the former head of crisis response at Aegis, John Chase as partner.
Covered agreement given the go ahead from Trump administration
The Trump administration has announced that it will honour the covered agreement, which aims to create uniform rules dealing with insurance and reinsurance transactions between the United States and European Union.
Nexus acquires Equinox Global
Managing general agent Nexus Group has acquired Equinox Global, a registered and approved Lloyd’s Coverholder, and all other Equinox group companies.
Extreme cyber attack could cost as much as Superstorm Sandy, says Lloyd’s
A major global cyber attack could trigger $53bn of economic losses, the equivalent 2012’s Superstorm Sandy, according to a report from Lloyd’s.
Lloyd’s Secrett joins Tokio Millennium Re
Tokio Millennium Re has named Lloyd's interim head of underwriting performance Brian Secrett as chief underwriting officer.
Axis receives regulatory nod for managing agency
Axis Capital Holdings has received final approval from the UK’s regulators and Lloyd’s to launch its own Lloyd’s managing agent.
EU watchdog warns against 'letter box' post-Brexit hubs
Europe’s insurance watchdog has warned firms and regulators against setting up post-Brexit shell companies that delegate operations to parents in London.
Beazley gets green light for Dublin subsidiary
Specialist insurer Beazley has received the go ahead to convert its Dublin-based reinsurance company into an insurance company.
Renewable energy surge results in new team for Cunningham Lindsey
Cunningham Lindsey has launched a team in response to greater demand for offshore renewable wind energy in the Netherlands.
Go Compare on track for 22% boost in half-year earnings
Price comparison site Go Compare has said it's on track for a 22% leap in earnings for the six-month period ending 30 June 2017.
XL Catlin names Ochsenkuehn head of global programs
XL Catlin has appointed Sonja Ochsenkuehn as head of global programs.
Government to buy insurance against disasters in developing countries
Prime Minister Theresa May has announced plans to use the expertise of the City of London’s insurance market to develop insurance markets in developing countries.
Voyager Insurance names Carl Carter as managing director
Voyager Insurance has appointed Carl Carter as managing director.
GDPR ‘a shot in the arm’ for cyber insurance
The incoming EU data protection regulation is likely to be a “shot in the arm” for the cyber market, resulting in a marked growth in cyber insurance revenues, according to AM Best.
Industry thwarted £25m fraudulent claims a week in 2016
The insurance sector thwarted 2,400 fraudulent insurance claims valued at £25m every week in 2016, according to figures from the Association of British Insurers.
Willis Re names James Kent global CEO
Willis Re has announced that James Kent will succeed John Cavanagh as global CEO.
LMA satellite service launches for nat cat claims
The Lloyd’s Market Association is to fund a satellite imagery and intelligence service that will enable improvements to claims processes and exposure management before and after a natural catastrophe.
Analysis: London’s global reinsurance market share falling as rivals take a bigger slice
London Matters Report highlights key areas of concern
I work in insurance: Georgina Oakes, Airmic
Oakes is research and development manager at the Association of Insurance and Risk Managers
Insurers must focus on cyber risk accumulation exposure: PRA
Insurers must get a grip on their cyber risk management to fully understand their cyber exposure, the industry watchdog has said.
Wanna Cry fails to boost cyber insurance take up
The recent surge in ransomware virus attacks has seen little increase in enquiries for cyber insurance cover, survey findings suggest.
Hiscox’s Robert Childs appointed deputy chairman of Lloyd’s
Industry heavyweight Robert Childs, non-executive chairman of Hiscox, has been appointed deputy chairman of Lloyd’s.