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R&Q hires Tom Solomon as CFO
Randall & Quilter Investment Holdings has appointed Thomas Solomon as group chief financial officer. R&Q confirmed Solomon will also be named on the board of directors later in the year.
AGCS names Catharina Richter as global head of its cyber center of competence
Catharina Richter has been named as global head of the cyber center of competence (CoC) at Allianz Group. She takes up her position on June 1.
Insurers well placed to withstand COVID-19 pandemic: AM Best
Insurers look well placed to withstand the impact of COVID-19, according to initial stress testing conducted by AM Best.
Operate with a hard market mentality at all times: CICA captive strategies panel
“Captives should structure, domicile and operate with a hard market mentality at all times, and take advantage of softening when they can,” according to Peter Rosiere, a vice president of risk management at Sodexo.
CorRisk hires Christine DeFelice to lead architects and engineers professional liability
CorRisk Solutions has hired Christine DeFelice as managing general underwriter to lead its architects and engineers (A&E) professional liability team.
Commercial insurers cannot cover pandemics via business interruption, says American Academy of Actuaries
Business interruption (BI) payments related to the COVID-19 pandemic should be covered by federal insurance programmes, rather than the commercial market, according to the American Academy of Actuaries (AAA).
FERMA launches cat risk business interruption taskforce
The Federation of European Risk Management Associations (FERMA) has launched a taskforce to make proposals to address the issue of business interruption coverage for catastrophic risks.
AF Specialty hires Ian Podmore to expand captives presence
AF Specialty has appointed Ian Podmore as director of captive operations. Podmore focuses on business growth and profitability for new markets and business opportunity development through the use of insurance captives and is based in Charlotte, North Carolina.
Cyber should be a $60 billion market, and parametric insurance can get it there, says CICA digital panel
The cyber insurance market should be worth between $60 billion and $100 billion, and parametric insurance is the key to getting it there, according to John Donald, a special cyber advisor at AXIS.
Cannabis industry would pay $1bn in annual premiums if insured at normal levels: New Dawn Risk
The legal US cannabis industry would pay about $1 billion in annual premiums if it was insured to levels that are normal for other businesses, according to research conducted by New Dawn Risk Group (NDR).
