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Insurance
For the first time in 20 years, the UK motor insurance industry has made an underwriting profit. 11 June 2014
Insurance
Rating agency Fitch Ratings has upgraded Lloyd's of London's (Lloyd's) financial strength and creditworthiness, as it expects the insurer to deliver stronger underwriting performance. 11 June 2014
News
Hannover Re has assumed £1.6 billion (€2 billion) of pension liabilities in cooperation with UK-based Pension Insurance Corporation. 11 June 2014
Insurance
Specialty insurer Torus has appointed Jaap Gispen, formerly of Marsh Netherlands, as branch manager, Rotterdam, to lead the company’s Netherlands-based operations. 11 June 2014
Insurance
Insurance services firm Charles Taylor has appointed Mark Keogh as group chief financial officer (CFO). He succeeds Tito Soso, who leaves in August. 11 June 2014
Insurance
Broker Willis has hired regional leaders for its North America and Europe technology, media and telecommunications (TMT) sector. 10 June 2014
Insurance
Specialist insurer Beazley has recruited two experienced underwriters of homeowners insurance from Amlin to join its expanding London-based team. 10 June 2014
Insurance
Swiss insurer Nationale Suisse has purchased a property insurance portfolio from Spanish insurer Asefa as it seeks to strengthen its market position in Spain. 10 June 2014
Insurance
Re/insurance broker Willis Group has launched the UK’s first Shariah compliant commercial real estate insurance. 10 June 2014
News
The amount of reinsurance ceded offshore by US insurers increased again in 2013 with Bermuda the most common domicile for offshore reinsurers used. Proportionally, the usage of unaffiliated reinsurers by US insurers also increased more. 10 June 2014
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