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.
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 look well placed to withstand the impact of COVID-19, according to initial stress testing conducted by AM Best.
“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 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).
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 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.
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).