Rates for non-life insurance and reinsurance are expected to increase as a result of the serious drain on capital caused by numerous large natural catastrophe events in 2017, according to Swiss Re.
Luxembourg is set to welcome another new re/insurance operation ahead of the UK's withdrawal from the European Union with Sompo International the latest to unveil plans of opening an operation there.
Primary carriers will be on the hook for the majority of as much as $10bn in loses related to the devastating California fires.
Skuld's Claes Lindh will leave his full time position with the marine insurer at the beginning of next year although he will continue to provide advice to the business.
Former Agilisys and Xchanging executive Steven Beard has joined RFIB Group and Limehouse Agencies as its new chief financial officer.
Bill Guffey previously led the Alternative Risk Transfer business' blockchain initiative alongside Ernst & Young.
The firm's appointment of Glenn Dorr as head of business development in North America is further evidence of its push into the US market following a series of devastating hurricanes in the region.
Small to medium enterprises are satisfied with cyber insurance offerings but actual take up of the protection amongst this group remains low, a situation which Argo Group is confounded by.
Cumbersome legacy systems are hindering insurers' attempts to branch out into new markets, but according to one IBM executive cloud computing could be the perfect solution to the issue.