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Insurance
Fitch Ratings said July 7 that it has placed Gibraltar-based Elite Insurance Company’s Insurer Financial Strength (IFS) rating of 'BBB-' on Rating Watch Negative (RWN).   10 July 2017
Insurance
UK comprehensive car insurance prices rose 18 percent on an annualized basis to £847 in the second quarter, the biggest quarterly rise in seven years, pushing the cost of UK car insurance close to an all-time high.   10 July 2017
Insurance
Probitas 1492, an underwriting syndicate at Lloyd’s specialising in property, construction and casualty insurance and reinsurance solutions, said July 6 that it hired Stephen Johnson as property underwriter, and Jim Meakins as casualty underwriter.   7 July 2017
Insurance
Ironshore International’s Mergers & Acquisitions and Tax Insurance unit has opened an office in Frankfurt, Germany, through Ironshore Agency in a move to expand its European presence.   7 July 2017
Insurance
Specialist Lloyd's insurer Neon has appointed Chris Conway, formerly a senior underwriter at Ascot Underwriting Bermuda, to its property reinsurance team in Bermuda.   7 July 2017
Insurance
AXIS Capital’s acquisition of Novae Group defies critics that believe that the London Market has become overly expensive and unattractive.   6 July 2017
Insurance
Canada-based Fairfax Financial Holdings said July 6 that it closed the acquisition of Switzerland-based Allied World Assurance Company Holdings.   6 July 2017
Insurance
Senior executives at Novae Group have highlighted the increasing need for scale in the risk-transfer business as the justify agreeing to the firm’s sale to AXIS Capital for £468 million ($604 million).   6 July 2017
Insurance
AXIS Capital is to acquire Lloyd's insurer Novae Group for £468 million ($604 million) in an all-cash deal based on paying 700 pence per Novae share. The transaction is expected to close in the fourth quarter of 2017.   6 July 2017
Insurance
Cost cuts have offset low interest rates and declining premium volumes on legacy portfolios, stabilizing profitability of Dutch life insurers, according to Fitch Ratings.   6 July 2017

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