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Insurance
The maritime industry saw the number of total shipping losses decline by 16 percent year-on-year in 2016 to 85 cases, according to the Safety and Shipping Review 2017 by Allianz. 15 June 2017
Insurance
Specialty re/insurer Sompo Canopius has hired Will Clark to head a new trade credit insurance team. 7 June 2017
Insurance
S&P Global Ratings said June 6 that it revised its rating outlook on global multiline insurer American International Group (AIG) to negative from stable. 7 June 2017
Insurance
Broker Willis Towers Watson has appointed Taro Ogai as head of investments for Asia Pacific, based in Tokyo. 7 June 2017
Insurance
Insurance intermediary KIRS Group priced its offering of £400 million in aggregate principal amount of 8.375 percent Senior Secured Notes due 2023 and $520 million in aggregate principal amount of 8.625 percent Senior Secured Notes due 2023. 7 June 2017
Insurance
Bermuda-based Arch Capital Group said June 6 that it expects its 2017 second quarter pre-tax underwriting income to be adversely impacted by approximately $38 million relative to the quarterly run rate level of profitability associated with its property facultative reinsurance operations. 7 June 2017
Insurance
Insurers exposed to UK liability business face big hikes in their reinsurance pricing and continued uncertainty as a result of recent changes made to the personal injury discount rate in the UK despite many having already reported sizable one-off reserve charges in recent result, according to AM Best. 5 June 2017
Insurance
The Association of British Insurers (ABI) has become embroiled in a row with British Airways (BA) over who should foot what could be a hefty bill relating to compensation resulting from the airline’s recent computer systems outage, which affected 75,000 passengers. 5 June 2017
Insurance
UK General, a specialist personal lines managing general agent (MGA), has appointed John Spencer as non-executive chair. 5 June 2017
Alternative Risk Transfer
Re/insurer XL Catlin has announced that it is extending its structured risk solutions underwriting capabilities to the US with the addition of Aiden Joo as senior underwriter in New York. 5 June 2017
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