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Insurance
S&P Global Ratings said June 6 that it revised its rating outlook on global multiline insurer American International Group (AIG) to negative from stable. 7 June 2017
Insurance
The CEO of Heritage Insurance Holdings has boasted that the insurer cut its catastrophe reinsurance costs by 8.3 percent while improving terms and conditions in the placement of its 2017-2018 reinsurance programmes, which includes a mixture of traditional coverage, collateralised reinsurance and catastrophe bonds. 6 June 2017
Insurance
New York-based property/casualty holding company AmTrust Financial Services has appointed Adam Karkowsky as executive vice president and chief financial officer. 5 June 2017
Insurance
Reinsurance broker and consultant JLT Re (North America), a part of Jardine Lloyd Thompson Group, has appointed Tony Manzitto as executive vice president in Los Angeles, California. 5 June 2017
Insurance
US-based global insurance distributor AmWINS Group has completed the acquisition of wholesale brokerage firm Partners Specialty Group. The purchase price has not been disclosed. 5 June 2017
Alternative Risk Transfer
Re/insurer XL Catlin has announced that it is extending its structured risk solutions underwriting capabilities to the US with the addition of Aiden Joo as senior underwriter in New York. 5 June 2017
Alternative Risk Transfer
Re/insurer QBE North America, part of QBE Insurance Group, has formed a strategic programme alliance with AmWINS Special Risk Underwriters (SRU) to launch a national excess property programme. 5 June 2017
Insurance
US-based commercial insurance provider CNA has appointed Scott Weber to the position of executive vice president and general counsel. 5 June 2017
Insurance
Cayman Islands-based specialist property/casualty reinsurer Greenlight Capital Re said on June 2 that it has hired Simon Burton to become its new CEO, effective July 1, 2017. 2 June 2017
Insurance
Lemonade, an artificial intelligence-focused insurtech company, more than doubled its clients in the past two months as “customers are ditching incumbents for Lemonade,” Shai Wininger, Lemonade co-founder, said in a blog posted on medium.com. 2 June 2017
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