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CNA has appointed Stephen Clark as vice-president of ocean marine. He will oversee the global insurer’s complete ocean marine line of business including hull, marine liabilities, protection & indemnity and cargo.
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The international oil and gas industry is perhaps the most valuable of all and provides premium-hungry insurers and reinsurers with a seemingly endless supply of demand at a time when profitable premium growth is tough to find. But the risk-reward ratio is increasingly difficult to master.
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Net income for US property/casualty reinsurers was $4.3bn in 2009, which was up from $2.9bn in 2008, according to a survey of reinsurers’ statutory underwriting results conducted by the RAA.
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Ace Bermuda has announced two senior appointments to its professional lines department.