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Hannover Re’s CEO bets on traditional reinsurance business despite soft market
Insurance
As the soft market stretches on and new capital continues to find ways to compete on the turf of established reinsurers, the bigger, traditional players are being forced to adapt. Most are increasingly willing to shun unprofitable business while exploring new potential revenues streams and keeping one eye on (and often an investment in) technologies with the potential to change their way of working.   24 May 2017
Insurance
Ratings agency AM Best has removed American International Group (AIG) from ‘under review with negative implications’ and affirmed its Long-Term Issuer Credit Rating (Long-Term ICR) after analysing recent actions taken by the US insurers.   24 May 2017
Insurance
1347 Property Insurance Holdings (PIH), a holding company offering specialty insurance through subsidiary Maison Insurance Company, has appointed Dan Case to the position of chief operating officer (COO).   24 May 2017
Insurance
Re/insurer XL Catlin has appointed Steven Bauman as head of global programmes and captive practice in North America.   23 May 2017
Insurance
Specialty re/insurer Sompo International has launched a new middle market property insurance unit in the US, and appointed Patrick Mulhall to build and lead the new team.   23 May 2017
Insurance
Gen Re, a Berkshire Hathaway Company, has appointed William Casill to join its North American life and health business as senior vice president and chief actuary.   23 May 2017
Insurance
Germany-based Munich Re has partnered with California-based Reterro for brownfield soil remediation offering.   23 May 2017
Insurance
Berkley Insurance Company, a subsidiary of WR Berkley Corporation, has appointed Naomi Kinderman and Beth Zaro Green as vice presidents – claims senior counsel.   23 May 2017
Insurance
JLT Specialty USA, a subsidiary of Jardine Lloyd Thompson Group (JLT), has appointed Denise Kaloudis as senior vice president.   23 May 2017
Insurance
EPIC Insurance Brokers and Consultants, a retail property/casualty insurance brokerage and employee benefits consultant, has hired Nick Pedisich as a transportation industry-focused insurance broker/producer.   23 May 2017

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