Articles
Insurance
XL Catlin has launched active assailant, loss of attraction and threat (ALT) insurance solution, which includes coverage for active assailant attacks on the operations of businesses and service providers. 15 December 2016
Insurance
Ratings agencies see the operating environment for reinsurers deteriorating in 2017 which could lead to negative ratings actions particularly for smaller players. 15 December 2016
Insurance
Pressure on the reinsurance business has been significant in 2016 due to a low interest rate environment and a soft market, but 2017 is likely to be even tougher and could lead to negative ratings actions, according to major rating agencies. 14 December 2016
Insurance
XL Catlin has appointed Joseph Laws and Michael McGowan as directors of M&A (mergers & acquisitions) Insurance in North America to capitalise on growing activity in 2017. 14 December 2016
Insurance
The Reinsurance Association of America (RAA) has urged the European Union and the US to finalise the bilateral agreement relating to prudential re/insurance matters. 14 December 2016
Insurance
Guy Carpenter has formed a global strategic advisory organisation, appointing Rob Bentley as its president and Vicky Carter as vice chairman. 14 December 2016
Insurance
The National Association of Insurance Commissioners (NAIC) has appointed former Pennsylvania insurance commissioner Michael Consedine as its new chief executive officer (CEO), effective early 2017. 13 December 2016
Insurance
Insurance Europe, the European insurance and reinsurance federation, has described recent negotiations between the EU and the US on a bilateral agreement on re/insurance as encouraging and called for a swift end to what it called highly discriminatory US statutory collateral requirements. 13 December 2016
Insurance
Accredited Surety and Casualty, a US admitted insurer owned by Randall & Quilter Investment Holdings (R&Q), has completed a deal that frees a large US manufacturer from its workers' compensation liabilities in a deal that R&Q has hailed as evidence of its strength in the US legacy market. 13 December 2016
News
Continued market challenges will hinder the potential for positive rating actions and may translate into negative rating pressures in 2017, AM Best said as it is maintaining its negative outlook for the global reinsurance market. 13 December 2016
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