Reinsurance

News from Willis Towers, Hub, ALM Media and more.

Reinsurers, forced to cut prices for four years in a row, should target brokers fees as the industry seeks to reduce costs, according to Lloyds of London Chairman John Nelson.

Axis would be drawn to an insurer or reinsurer that would allow it to expand selective business lines and create a more efficient underwriting platform.

The agent and broker segment gained 10,800 jobs in July 2016 vs. July 2015, while independent claims-adjusting firms are the only insurance sector that lost employees.

While the country becomes more diverse, the upper echelon of business remains white and male.

Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to improve underwriting.