UK insurers could soon be facing legal action over their refusal to pay out on what many policyholders see as legitimate claims related to BI and the COVID-19 crisis. The Financial Conduct Authority (FCA) has announced that it intends to obtain a court declaration to resolve contractual uncertainty in business interruption (BI) insurance cover relating to the coronavirus pandemic. The …
Chubb Limited announced that it has appointed Juan Luis Ortega Executive Vice President, Chubb Group and President, Overseas General Insurance. Mr. Ortega will have executive operating responsibility for Chubb’s general insurance business in 51 countries outside of North America, including commercial P&C, traditional and specialty personal lines, and accident and health insurance. The appointment is effective immediately. Currently Senior Vice President, Chubb Group and Regional …
AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), announced the appointment of Andy Hottinger as President of its EMEA LatAm division. Mr. Hottinger succeeds longtime AXIS Re colleague and EMEA LatAm President Jan Ekberg, who will retire in July following a 45-year career in the (re)insurance industry, which has included 15 years at AXIS. …
Marsh & McLennan Companies, Inc. completed the acquisition of Jardine Lloyd Thompson Group plc (JLT) for $5.6 billion in fully diluted equity value, furthering its role as the world’s preeminent professional services firm in the areas of risk, strategy and people. “Today marks the beginning of a new era with Marsh & McLennan and JLT coming together. This is a …
Business interruption (BI), including supply chain disruption, is the top risk for companies for the sixth consecutive year, according to the Allianz Risk Barometer 2018, with 42% of responses rating it as one of the three most important risks in 2018. Whether it results from factory fires, destroyed shipping containers, or increasingly, non-physical damage risks like cyber, political violence, product …
Aspen Re Temp Accounting Proportional (Insurance Industry job offer in Miami or Rocky Hill Conn) Spanish (Portuguese desirable) The candidate should also have experience working in Excel spreadsheets. Basic knowledge of core (re) insurance principles, premium recognition and types of contract wordings Basic knowledge of product features, e.g. adjustments, swing parameters and contract types (Pro Rata, Binding Authorities/Excess of Loss) …
Blue Marble Head of Latin America Location: Flexible although must be in or near Latin America. Preferred start date: February 1 , 2019 About Blue Marble Blue Marble is a startup with a mission of extending socially impactful, commercially viable insurance protection to the underserved. Blue Marble incubates and implements microinsurance solutions that support the economic advancement of underserved …
Electricity interconnectors are the physical links that allow the transfer of electricity across borders. Typically comprising large diameter HVDC polyethylene cables installed overland, or more commonly in the seabed, the interconnector provides a transmission connection allowing two countries to exchange power. Interconnectors are vital as we move towards an economy more reliant on renewable energy. Wind power generation is, by …
The Lloyd’s Mexico’s team, alongside the Lloyd’s syndicates from London, Miami and Mexico, will host presentations in Mexico City to share their local insights, business opportunities and challenges, aimed at Brokers, Risk Managers and (Re)insurance community in general. Participants will have the opportunity to network with participants from the Lloyd’s market including underwriters and brokers, as well as representatives from the …
Marsh announced the formation of Marsh-JLT Specialty, a new specialty business within Marsh that will combine the specialty teams of Marsh and Jardine Lloyd Thompson Group plc (JLT), effective upon the closing of the purchase of JLT by Marsh’s parent company, Marsh & McLennan Cos. The unit will be a new specialty business within Marsh once regulatory approval for the takeover …
The Microinsurance Catastrophe Risk Organisation (MiCRO), a reinsurance company incorporated in Barbados, has announced the launch of Produce Seguro in El Salvador, an index-based insurance product that protects low-income families against natural disasters. “After having launched a similar product in Guatemala last year, this product launch in El Salvador shows that MiCRO’s solution, the first one offering protection against natural …
¿Hacia un horizonte más amplio? La única constante en nuestra industria es el cambio. Cambios en la tecnología, en el clima político, en los precios de los productos básicos y en estrategias y metodologías de gestión de riesgos. Sin embargo, ¿las industrias de recursos naturales en Colombia están al tanto de estos cambios? ¿Puede estar seguro de que sus costos …
The industry’s longest established Miami (re) insurance forum This year’s event offers the perfect opportunity to meet with leading industry players, discuss the key takeaways, and evaluate the lessons learned from a highly eventful year for the Latin American market. Develop new business relationships and discover opportunities at the premium event for the Latin America insurance and reinsurance industry. Meet …
