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Insurance
Energy underwriters who believe that the softening in the energy market may soon come to an end are suffering from ‘wishful thinking’, according to Willis. 22 August 2014
Insurance
Allied World is set to acquire the Hong Kong and Singapore operations of UK insurer RSA for approximately $215 million. 22 August 2014
News
AM Best is the final agency to revise its outlook on the global reinsurance sector to negative, citing ongoing market challenges which will hinder the potential for positive rating outlooks or upgrades. 20 August 2014
Insurance
Moody's Investors Service has downgraded the rating outlook of QBE Lenders’ Mortgage Insurance following the announcement of a partial initial public offering (IPO) of the company. 20 August 2014
Insurance
Xchanging, the business process, procurement and technology services provider, has appointed Raymond Victor as vice president Asia Pacific sales, Xchanging Technology. 20 August 2014
Insurance
Arch Underwriting at Lloyd’s (Australia) has appointed Clive Davidson as regional manager, executive risks. 20 August 2014
Insurance
Australian insurer QBE Insurance posted an 18 percent fall in its net profits in the first half of 2014 as it announced plans to partially float its mortgage insurance business and raised some $600 million of new capital. 20 August 2014
Alternative Risk Transfer
The second quarter of 2014 demonstrated strong interest in the market, with catastrophe bond issuance reaching $4.5 billion. As the second half of the year promises to be equally active, Paul Schultz, CEO at Aon Benfield Securities talks to Intelligent ILS about the market’s evolution and how this will impact renewal discussions. 19 August 2014
News
An abundance of reinsurance capacity and intense competition led to further rate declines in the Australian market at the mid-year renewals, according to a report by Marsh. 19 August 2014
Insurance
Only a tiny proportion of captives are covering cyber risks despite this threat being high up the agenda of cyber directors, a study by Aon has shown. 19 August 2014
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