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Alternative Risk Transfer
ILS issuance contracted in 2016 for the second consecutive year
Insurance-linked securities’ (ILS) issuance contracted for a second consecutive year in 2016, according to the latest Bermuda Insurance-Linked Securities (ILS) Market Report.   8 March 2017
Insurance
AmWINS appoints Skip Cooper as vice chairman
US-based AmWINS Group, a global distributor of specialty insurance products and services, named W.H. “Skip” Cooper as vice chairman of its board of directors.   8 March 2017
Insurance
CNA appoints Chubb exec as first chief diversity officer
US-based CNA, a commercial insurance provider, has appointed Joyce Trimuel to the newly-created role of chief diversity officer and senior vice president.   8 March 2017
Insurance
MetLife progresses with separation of annuity and life segment Brighthouse
Insurer MetLife has initiated the regulatory procedure for the planned separation of Brighthouse Financial, which is currently an operating segment of MetLife.   8 March 2017
Insurance
US P&C reinsurers expand in 2016 but underwriting profitability falls
A group of 18 US property/casualty reinsurer surveyed by the Reinsurance Association of America wrote $41.1 billion of net premiums in 2016, up from $38.9 billion in 2015.   8 March 2017
Insurance
Insurers’ cyber risk vulnerabilities laid bare
Cyber risk is increasingly becoming a worry for insurance companies as the industry accelerates the digitization of the business, according to a Boston Consulting Group (BCG) report.   7 March 2017
Insurance
AIG appoints new chief information officer as Fasano resigns
American International Group (AIG) has appointed Martha Gallo as the chief information officer. Gallo previously served as AIG's chief auditor.   7 March 2017
Insurance
Alliant taps risk expert to strengthen energy and marine group
Insurance product and service provider Alliant Insurance has appointed Louisiana-based marine specialist Jan Nowak as first vice president to strengthen its energy and marine group.   7 March 2017
Insurance
Fairfax and Allied World extend deal deadline
Fairfax Financial Holdings and Allied World Assurance Company Holdings have agreed to extend the deadline by which Fairfax has the option to increase the cash consideration, and correspondingly reduce the Fixed Value Stock Consideration, under the terms of the previously announced definitive merger agreement, to March 10, 2017.   6 March 2017
Insurance
MS Amlin hires from XL Catlin to expand in LatAm
Re/insurer MS Amlin has appointed Frank Padilla as senior international casualty underwriter based in Miami to help it expand into the Latin American market.   6 March 2017

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