Articles
Insurance
Protectionism is on the rise and could result in a global recession if current actions morph into a fully-fledged trade war, Swiss Re has warned. A longer-term decline in trade will hit marine and trade credit insurance premium growth hardest, the reinsurer noted in a report titled “Protectionism on the rise, and here to stay”. 27 September 2018
Insurance
AM Best has revised the outlooks to negative from stable of AXIS Capital Holdings and its operating subsidiaries, according to a Feb. 16 press release. 19 February 2018
Insurance
In an ongoing dispute, Voce Capital Management, a shareholder of Argo Group, has questioned the legality of the re/insurer's appointment of two independent board directors. 29 March 2019
Insurance
Specialty insurer Beazley plans to split its specialty lines division into specialty (casualty) and TMB (cyber / management liability), according to Jefferies analysts who welcomed the move given the differing growth profiles and profitability. 31 May 2018
Insurance
AM Best has assigned a Financial Strength Rating (FSR) of B (Fair) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” to UK-based Folgate Insurance Company. The outlook assigned to these Credit Ratings (ratings) is stable. 22 November 2018
Insurance
French insurer AXA has won a fraud court case in the UK against three-time Home Counties boxing champion Conroy Downer by using Facebook evidence. 31 August 2018
Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a reinsurance expert committee to review the current regulatory framework for the market. 9 May 2017
Insurance
European insurers showed “high resilience” to a series of natural catastrophes where European countries are hit in a quick succession of four windstorms, two floods, and two earthquakes, according to the European Insurance and Occupational Pensions Authority (EIOPA). 17 December 2018
Insurance
Insurance Europe’s Reinsurance Advisory Board (RAB), a representative body for the European reinsurance industry, has accused the US National Association of Insurance Commissioners (NAIC) of deviating significantly from the original language of the bilateral agreement on re/insurance prudential measures, concluded between the EU and US in 2017, in its draft implementation plans. 28 October 2018
Insurance
Specialist insurer Hiscox has appointed David McLaughlin as chief financial officer in the US, reporting to chief executive Ben Walter. 13 February 2018
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