Articles
News
Reinsurers in the US recorded a combined ratio of 108.2 percent in 2017, according to the latest underwriting report by the Reinsurance Association of America (RAA). 8 March 2018
Insurance
Validus Specialty has expanded its product portfolio with an admitted, private company commercial directors and officers (D&O) policy, while appointing a senior underwriter. 8 March 2018
Insurance
American International Group (AIG) has reviewed reserves throughout “the course of the year” with no material warning signs coming to light, Morgan Stanley analysts were told at the annual Association of Insurance and Financial Analysts (AIFA) conference. 8 March 2018
Insurance
Fitch Ratings has placed the ratings of XLIT (XL, a Cayman Islands subsidiary of XL Group) and its property/casualty re/insurance subsidiaries on Rating Watch Positive from Negative Outlook following the planned acquisition by AXA. 7 March 2018
Insurance
Energy executives are increasingly concerned about the impact of cyber-attacks on their operations, according to insurance broker Marsh. 7 March 2018
Insurance
Investors were potentially spooked by AXA’s announcement yesterday (March 5) that it will acquire XL Group for $15.3 billion. Its share price fell sharply by around 10 percent as investors worried on a fundamental shift in strategy, according to analysts. 6 March 2018
Insurance
Nicola Harris joins XL Catlin from Allianz Global Corporate & Specialty where she was head of energy & marine, based in Dubai since 2014. Prior to that, she held a number of roles at Marsh in London and then Cape Town, where she was appointed regional leader for power & energy in 2011. 6 March 2018
News
Cayman Islands-based Greenlight Capital Re has launched its new innovation unit, headed by chief operating officer Michael Belfatti. 6 March 2018
Insurance
Lloyd’s managing agent AEGIS London has hired Carrie Trudeau to manage claims notified by its Canadian coverholders. She joins from Crawford & Company (Canada), where she was director of Lloyd’s and dedicated units. 6 March 2018
Alternative Risk Transfer
Brazilian reinsurer Terra Brasis Resseguros has renewed a cat bond that provides it with protection against certain types of property-catastrophe risk in Latin America on an indemnity basis. 6 March 2018
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