Articles by Ryan Hewlett
Am Trust receives $300m investment from Karfunkel family after share price falls
Family members of the founders of Am Trust have injected $300m (£233m) into the specialty insurer through a private share offering.
AIG’s credit rating affirmed by AM Best as Duperreault gets nod of approval
AIG’s credit rating has been affirmed by AM Best, putting an end to the firm's credit review and removing a potential roadblock to the firm’s profitability.
Political risks: Halting new threats
Businesses with domestic and international footprints are increasingly demanding protection from political risks. But, as the threats have changed in recent years, so has the cover that serves to protect against them
Pool Re will respond to Manchester attack as ‘quickly as possible’
Pool Re will work with its members to resolve any claim arising from the suicide bomb attack in Manchester, the terrorism reinsurance fund has said.
Globe Underwriting enters marine market
UK-based managing general agent, Globe Underwriting, has entered the marine market with the launch of a new marine division.
Liberty Specialty denies reports it has picked Luxembourg for post-Brexit base
Liberty Specialty Markets denied it had already made a decision over the base of its European Union subsidiary, despite reports it has picked Luxembourg for the base.
Solvency II ratios not comparable across EU and won't be used in ratings, says AM Best
Solvency II ratios will not be comparable across the European Union and will not be used in rating assessments, according to AM Best.
Lloyd’s redundancies: London market forced to focus on cost
A memo from Lloyd’s of London issued to staff inviting them to register for voluntary redundancy comes as little surprise, experts said, as market carriers are increasingly forced to focus on cost.
Lloyd's insurers join forces to form political risk consortium in Asia
Beazley, Chaucer and Talbot have joined forces to form a political risk consortium in Asia offering increased capacity for a wide range of political and contract frustration risks.
Lexis Nexis brings motor claims loss predictor to market
Data analytics firm Lexis Nexis have developed a new predictor of motor claims loss.
Fraud, corruption and poor governance risks are top future business concern
Boardroom risks, defined as fraud, corruption and poor governance, is the top concern for UK businesses, according to CNA Hardy.
Lloyd’s invites staff redundancies amid challenging market
The Corporation of Lloyd’s has issued a letter to staff inviting them to register for voluntary redundancy.
Chubb hires ex-FSA chairman Lord Turner
Chubb has appointed Adair, Lord Turner as non-executive chairman of two of Chubb European Group and Chubb Underwriting Agencies.
Industry set against merger of EU insurer and bank regulators
Proposals to merge the European Insurance and Occupational Pensions Authority with the European Union’s banking regulator would damage the effectiveness of consumer protection and prudential oversight, according to Insurance Europe.
Post People: 08 - 12 May
The latest people moves in the industry.
London failing to stem reinsurance decline, says LMG
The London market is losing ground as a global centre for reinsurance and faces significant challenges in emerging markets and diversity, according to the London Market Group
Reinsurance pricing won't turn this year, says Fitch
Reinsurance pricing is unlikely to change its course over the next year, with soft market conditions expected to continue and further pricing declines anticipated, according to Fitch Ratings.
QBE merges underwriting divisions to form 'Brexit friendly' business
QBE is to combine its underwriting divisions to form a single "Brexit friendly" business.
MIB appoints Anna Fleming as COO
The Motor Insurers' Bureau has appointed Anna Fleming to the role of chief operating officer, following her role as acting chief claims officer at Zurich.
ABI calls for dual rate for personal injury payments in Ogden rethink
The Association of British Insurers has suggested changes to the way the personal injury discount rate is set, calling for a dual-rate system for calculating lump sum payments in personal injury claims.
LMA calls for discount rate change
The Lloyd’s Market Association has called for major changes to the way the personal injury discount rate is set.
AIG plans to name Brian Duperreault as CEO: WSJ
AIG will reportedly name Brian Duperreault as CEO, with a formal with an announcement expected imminently.
Allianz UK reserves and profit take discount rate hit in Q1
Changes to the Ogden discount rate had a £58.3m impact on Allianz’s existing reserves and resulted in a £10m slump in profits during the first three months to March.
Beazley posts 2% drop in gross written premium
Insurer Beazley has reported a 2% drop in gross premium written in the three months to the end of March 2017.