Articles
Insurance
California-based Alliant Insurance has appointed Robert Bothwell as executive vice president of its energy and marine group and has made six other appointments from Bothwell’s team. 21 December 2016
Insurance
S&P Global Ratings has placed Switzerland-based Allied World on CreditWatch with negative implications and AM Best has placed it under review with negative implications after the global specialty and property/casualty insurer agreed to a $4.9 billion acquisition by Canada’s Fairfax. 21 December 2016
Insurance
2016 has again been a benign year in terms of large catastrophe losses, but geopolitical developments have added new challenges to the sector. Intelligent Insurer asked executives from re/insurance firms including Swiss Re, Argo, AM Best and Willis Re for their opinions on the most important developments in the re/insurance industry in 2016. 21 December 2016
Insurance
Some of the pressures the re/insurance sector faced in 2016—low interest rates, uncertainties around Brexit and a soft market—are likely to persist in 2017. But some additional drivers are set to affect the performance of the sector, as described by executives from major players such as Markel, Swiss Re and Willis Re. 21 December 2016
Insurance
Re/insurer QBE North America, part of the QBE Insurance Group, has appointed Kris Hill as its chief financial officer (CFO), based in New York. She will assume her new role effective January 17 next year. 20 December 2016
Insurance
As India opens its market to international reinsurers, the Insurance Regulatory and Development Authority of India (IRDAI) expects foreign reinsurers to secure final clearance to open branches soon and several to be operational within six to nine months. 20 December 2016
Insurance
The CEO of Canada-based Fairfax Financial has cited the influence of incoming US president Donald Trump as being a driver for it buying Allied World Assurance Company in a $4.9 billion deal announced December 19. 19 December 2016
Insurance
Reinsurance broker JLT Re has acquired Minnesota-based StoneHill Reinsurance Partners, a specialist medical professional liability broker. 19 December 2016
Insurance
XL Catlin has extended its partnership with specialist risk and business intelligence consultancy S-RM, effective January next year. 19 December 2016
Insurance
Canada-based Fairfax Financial Holdings, a property and casualty re/insurer, is acquiring Allied World Assurance Company Holdings for $4.9 billion in cash and stock as the two companies have entered into a merger agreement approved by their boards. 19 December 2016
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