property News

Building Soundness Investigated After Nevada University Dorm Blast

Investigators are assessing the structural safety of two University of Nevada, Reno, dormitories that usually house 1,300 students, days after explosions injured eight people but none seriously. Nevada University Regents Chairman Jason Geddes (geh-DEEZ’) said that engineers are measuring damage …

Chubb Appoints Church as Head of International Property

Chubb announced the appointment of Brian Church as executive vice president and head of International Property for Chubb’s Overseas General business, effective Jan. 1, 2018. In this role, Church will have responsibility for all of Chubb’s retail commercial property insurance …

Lloyd’s Broker AFL Creates Property Practice, Led by Crouch from Lockton

Lloyd’s broker AFL Insurance Brokers Ltd (AFL) announced the appointment of Neil Crouch to lead its new wholesale property practice. Previously head of broking at Lockton, Crouch will pioneer the company’s expansion in the property market, initially focusing on North …

XL Catlin Raises Global Property Capacity by 25% to $500 Million

XL Catlin has raised its global property insurance capacity by 25 percent to US$500 million, which is available on a quota share or layered basis,. With this capacity increase, the company said it will better address clients’ global and domestic …

Sompo Canopius Names CNA’s O’Riordan as Head of International Property

Sompo Canopius AG has appointed Steve O’Riordan as head of international property with immediate effect. O’Riordan brings 30 years’ experience in the international property markets to Sompo Canopius and will report to Derek Hansen, group head of direct and facultative …

Chubb Taps Allied World’s Müller as Property & Technical Lines Director, Europe

Chubb has appointed Alf Müller to the role of Property and Technical Lines director for Continental Europe, as it continues to evolve its client offering in the property, power generation (powergen) and construction insurance markets. In his new role, Müller …

Allianz Group’s AGCS Names Property, Engineering & Risk Consulting Senior Leaders

Allianz Global Corporate & Specialty SE (AGCS) has announced senior underwriting appointments in property and engineering as well as risk consulting. Thierry Portevin will take over the role of global head of Property in the Chief Underwriting Office Corporate Lines, …

Ironshore International Names Eickstädt as Head of Direct & Facultative Property

Ironshore International has named Dr. Jörg Eickstädt as head of Direct and Facultative Property, effective immediately. He will be responsible for underwriting Ironshore’s direct and facultative portfolio for U.S. and international property risks. Eickstädt will be based in London, reporting …

Persistent Soft Market Begins to Hit Reinsurer Stock Prices: A.M. Best

While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its negative effect on top line growth, according to a …

Gallagher Partners with Cardinus to Help UK Clients Cut Risk of Underinsurance

Arthur J. Gallagher* has partnered with independent specialist Cardinus Risk Management to offer its commercial property and property investor clients a cost-effective nationwide service that will help eradicate the risk of underinsurance and its far-reaching consequences. With figures revealing that …