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Insurance
Hanover appoints former Morgan Stanley & Credit Suisse exec to board
The Hanover Insurance Group has appointed former Morgan Stanley Group and Credit Suisse Group executive Jane Carlin to its board of directors.   7 December 2016
Insurance
Iowa Insurance Commissioner steps down
Iowa Insurance Commissioner Nick Gerhart has stepped down, effective December 23. He will be replaced by deputy commissioner Doug Ommen on interim basis.   7 December 2016
Insurance
UPC raises $30m; Twelve Capital to invest proceeds
United Insurance Holdings (UPC), a property/casualty insurance holding company, has raised $30 million through an offering of senior notes to private investors.   6 December 2016
Insurance
XL Catlin’s CIO retires; successor named
Re/insurer XL Catlin has appointed a new chief investment officer (CIO) to succeed Benji Meuli who will retire at the end of this year.   6 December 2016
Insurance
Market cautiously optimistic on organisational changes at Lloyd’s
The market has reacted with cautions optimism to comprehensive organisational changes including the formation of new units and teams revealed by Lloyd’s yesterday (Monday December 5), which the market claims will make it more effective and efficient.   6 December 2016
Insurance
Moody's changes global life insurance sector's 2017 outlook to negative
Persistently low interest rates, rising volatility in the financial markets and legislative changes have moved the outlook on the global life insurance sector to negative from stable for 2017, says Moody's Investors Service in a report.   5 December 2016
Insurance
Bermuda start-up Chelsea Avondale acquires MAX Canada
Bermuda domiciled holding company Chelsea Avondale, formed this year to acquire property and casualty insurance companies, has acquired the Canadian insurance operations of MAX (MutualAid eXchange) North America, a firm that serves faith-based and Anabaptist communities, including its Mutual Aid Insurance Brokers Company.   5 December 2016
Insurance
Markel hires senior exec for trade credit and political risk team
Specialist insurer Markel International has appointed Naomi Murray as senior claims adjuster in its trade credit and political risk team.   5 December 2016
Insurance
Swiss Re seeks M&A to boost footprint of its primary business
Swiss Re is looking for acquisitions to enhance capabilities of its corporate solutions unit as well as to secure growth opportunities in developing markets.   2 December 2016
Insurance
Hannover Re US partners with insurtech company
Hannover Life Reassurance Company of America, the US unit of Germany’s Hannover Re, has struck a global strategic partnership and investment with Sureify Labs, a Silicon Valley-based insurtech company.   1 December 2016

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