United States of America (USA)
Aviva appoints new general insurance CEO amid senior shake-up
Aviva’s UK & Ireland general insurance chief executive David McMillan has been given the new role of director group transformation and a remit to manage the implementation of the new strategic plan across the group.
Market moves: Insurance takes the initiative
Last week saw the recruitment initiative wrestled back from the broking sector, with the majority of hires coming from within the insurer space. Headline appointments in that sphere came thick and fast in the form of a changing of the guard at Catlin…
Quindell division delivers record licence pipeline results
The Quindell software and consulting division has finished the first half of 2012 with licence pipelines at record levels, following a Q2 in which multiple new insurance and telecoms contracts and extensions were sealed.
Analyst rules out North American sale ahead of Aviva meeting
Aviva has been warned against the disposal of its US and Canadian divisions as there are too few buyers in the marketplace.
Aviva's US business tipped to be on the line in turnaround stategy
Aviva could close or sell as many as 15 divisions as part of its turnaround strategy, according to reports.
Crawford hands Devall the reins to London-fronted business in the US
Crawford & Company has appointed veteran London market executive James Devall to lead the company's London-fronted business in the US.
Hardy suspends Singapore underwriting amid refocus on US risk
Hardy Underwriting is refocusing its property treaty business on US risk and away from the international business that brought catastrophic losses over the past two years.
Aspen reshapes management
Aspen Insurance Holdings has made changes to the management of its insurance segment.
BMS appointment signals US MGA growth plan
BMS Group has appointed delegated authority underwriter Gene Hinman to establish a US managing general agent platform.
Oil markets blasé as sanctions force Iran's Asian buyers to cease imports
Iran's Asian oil buyers look set to halt imports when EU sanctions come in on 1 July, with potential repercussions for the global oil market.
Willis restructure aims to integrate "siloed and independent businesses"
Willis Global, the reinsurance, specialties and wholesale arm of Willis Group, will implement a series of "client-centric" structural changes aimed at growing the premiums placed annually through its three core segments.
RK Harrison buys up Marsh businesses
RK Harrison has acquired four businesses from Marsh UK-owned Gibbs Hartley Cooper.
Travelers considering India market entry
US-based Travelers Group is believed to be in talks with Indian farm equipment maker Mahindra & Mahindra regarding a bid to enter the country's fast growing general insurance market.
Near norm Atlantic hurricane season predicted
Hurricane activity in the 2012 Atlantic season is likely to be close to the long-time norm values, but 10-40% below the norm values for the past 10 years, according to a forecast by Tropical Storm Risk.
Two hurricanes predicted to strike US in 2012
Hurricane activity this season is expected to be close to average, with scientists predicting four tropical storms including two hurricanes to strike the US between June and November.
Xchanging targets North American growth
Business process outsourcing company Xchanging is to expand its insurance offering to the North American market.
McLoughlin returns to Sevitt as project director
Setanta Insurance's former Ireland general manager, Deirdre McLoughlin, has returned to Sevitt Group as project director.
AIG to divest shares in AIA in September
American International Group will sell its shares in Asian insurer AIA Group after a lock-up period expires in early September, Reuters has reported.
Extraterritorial regulation prevents firms entering foreign jurisdictions
Extraterritorial regulation is preventing financial firms from entering overseas jurisdictions, according to a recent survey.
Markel promotes Leach to senior contingency underwriter
Specialist insurer Markel International has promoted James Leach to the position of senior contingency underwriter in its speciality division.
'Significant' loss will harden rates outside cat exposed regions in July renewals
Price increases in the July reinsurance renewal period could be restricted to loss-affected sectors unless there is a further significant insured loss for the industry, Fitch Ratings has said.
Top 10 news stories
The top 10 most popular articles published on insuranceinsight.com over the past seven days.
Swiss Re secures nat-cat buffer of $400m via bond market
Swiss Re has obtained an extra $400m in natural-catastrophe protection via a catastrophe bond through newly formed issuer Mythen Ltd.
Adverse April conditions wreak havoc across the globe
Severe weather conditions across central and southern sections of the US last month have caused upwards of $1bn (£620m) in insured losses, according to Aon Benfield's Global Catastrophe Recap report.