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Insurance
Non-life insurance-linked securities (ILS) issuance reached a record breaking $6.3 billion in Q2 2017, continuing the trend from the first quarter of the year. ILS assets under management (AUM) also continue to grow alongside fierce competition from investors. 1 August 2017
Insurance
Ratings agency S&P Global has lowered its long-term counterparty credit and senior unsecured debt ratings on Markel Corporation to 'BBB' from 'BBB+' following its recent M&A activity. The outlook is stable. 28 July 2017
Insurance
Lloyd's underwriting syndicate DTW1991, which was established by Randall & Quilter Managing Agency (R&Q) in January 2013, has appointed John Cowell as senior underwriter, and Ed Colville as underwriter in its UK and international underwriting team. 25 July 2017
Insurance
RT Specialty, a wholesale brokerage unit of Ryan Specialty Group, has appointed Jason Witthun and Marie-Louise Lundqvist to lead its new Honolulu, Hawaii office. 18 July 2017
Insurance
A major global cyber-attack has the potential to trigger $53 billion of economic losses, roughly the equivalent to a catastrophic natural disaster like 2012’s Superstorm Sandy, according to a scenario described in new research by Lloyd’s and cyber risk analytics modelling firm Cyence. 17 July 2017
Insurance
Demand for reinsurance cover is experiencing significant growth in Brazil, according to a report by Terra Brasis Resseguros. 11 July 2017
Insurance
Risk management solutions provider Assurant said July 10 that it finalised a $1.36 billion property catastrophe reinsurance program. 11 July 2017
Insurance
S&P Global Ratings has lowered the ratings on Switzerland-based Allied World which has been acquired by Canada-based Fairfax. 11 July 2017
Insurance
US-based Ryan Specialty Group (RSG) has formed its first specialty financial lines managing general underwriter (MGU) focused on Latin America, and has hired Pascal Alvarez and David Gonzalez to lead the operation. 11 July 2017
Alternative Risk Transfer
Specialist Lloyd's insurer Neon has hired Mark Gibson as reinsurance and alternative capital director, reporting to managing director Ian Martin. 11 July 2017
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