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Insurance
Commercial property/casualty (P/C) rates declined in the fourth quarter of 2016 across small, medium and large accounts for the eighth straight quarter, according to The Council of Agents & Brokers’ Commercial P/C Market Survey. 3 February 2017
Insurance
Hamilton USA, the US insurance platform of Bermuda-based Hamilton Insurance Group, has promoted Julianna Muir to the newly-created position of senior vice president, head of strategy and innovation. 3 February 2017
Insurance
Bermuda-based Everest Re Group said that it hired Megan Watt as the new leader of its claims operation located in Liberty Corner, NJ. 3 February 2017
Insurance
Investment returns boosted Beazley’s 2016 results but the company also enjoyed strong growth despite what the company’s CEO called highly competitive conditions in many markets. 3 February 2017
News
German reinsurer Hannover Re is refocusing its property/casualty business in terms of which regions and lines of business it will focus as it looks to avoid markets where rates are particularly unattractive. 2 February 2017
Insurance
Marsh & McLennan Companies enjoyed solid growth and improved profits in 2016 despite its investment income plummeting. 2 February 2017
Insurance
Markel Corporation has entered into a definitive agreement to acquire SureTec Financial for approximately $250 million, including a three-year earn out. 2 February 2017
Insurance
XL Group enjoyed strong growth in 2016 boosted by the integration with Catlin Group but profits tumbled in what its CEO called a very challenging year characterised by increased levels of catastrophe losses. 2 February 2017
Insurance
In its last set of full-year results ahead of its acquisition by Fairfax, Allied World Assurance Company posted a solid set of results for 2016 with gross written premiums stable and an increase in its profits driven largely by its investment performance. 2 February 2017
Insurance
Broker Willis Towers Watson (WTW) has appointed Ken Ross as head of its Finex North America business, the company’s management liability specialty group. 2 February 2017
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