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APRA finalises amendments to reinsurance reforms to boost flexibility
The Australian Prudential Regulation Authority (APRA) has finalised amendments to the general insurance and reinsurance framework to improve access to alternative reinsurance options while simultaneously safeguarding the interests of policyholders. This reform represents the completion of APRA’s fourth commitment under its ‘Getting the Balance Right’ agenda, successfully easing the regulatory burden on the industry. Additionally, […] The post APRA finalises amendments to reinsurance reforms to boost flexibility appeared first on ReinsuranceNe.ws.
AI12 strengthens Specialty insurance platform with Langley appointment
AI12 Limited, a specialist insurance and reinsurance broker, has announced the appointment of Alfie Langley as Head of Cyber, a move that expands the company’s cyber capability as it continues to build depth across its specialty insurance platform. In his new role, Langley will be responsible for building and developing AI12’s Cyber Specialty division across […] The post AI12 strengthens Specialty insurance platform with Langley appointment appeared first on ReinsuranceNe.ws.
Weather events increasing claims complexity and cost in property loss adjusting: Gallagher Bassett
Gallagher Bassett, a global claims and risk management provider operating across the United Kingdom, Europe, the Middle East, Asia, North America and Australia, has highlighted how changing weather patterns are contributing to higher costs and increasingly complex property claims within loss adjusting. Traditionally, insurers and loss adjusters were able to rely on seasonal patterns, regional […] The post Weather events increasing claims complexity and cost in property loss adjusting: Gallagher Bassett appeared first on ReinsuranceNe.ws.
Desai succeeds Sawyer as MD – PFR & Cyber at Markel Insurance
Markel Insurance, the insurance operation within Markel Group Inc., has announced the appointment of Bhavik Desai as Managing Director – PFR & Cyber within its London Market business. Desai takes over the role from David Sawyer, who remains with the business until his planned retirement at the end of 2026. In his new role, Desai […] The post Desai succeeds Sawyer as MD – PFR & Cyber at Markel Insurance appeared first on ReinsuranceNe.ws.