Articles

Insurance

JLT Re CEO steps down

Mike Reynolds, CEO of JLT Re has stepped down from his position.   21 November 2018

Insurance

Generali to invest €1bn in digital innovation

Italian insurer Generali wants to invest around €1 billion in internal strategic initiatives for innovation and digital transformation as part of its 2021 three-year strategic plan.   21 November 2018

Insurance

Arch appoints new international CEO, reshuffles leadership

Arch Insurance has appointed Hugh Sturgess as the new CEO of Arch Insurance International, succeeding Matt Shulman who was recently named CEO of Arch Insurance North America.   21 November 2018

Insurance

Insurers’ exposure limited in PG&E wildfire investigation: AM Best

The US insurance industry has only limited exposure to PG&E Corporation, the California utility whose equipment is being investigated as having a potential role in the deadly Camp Fire, according to AM Best.   21 November 2018

Insurance

China non-life margin pressure lingers: Fitch

Fitch Ratings sees ongoing pressure on underwriting margins and expects catastrophe claims to continue to undermine insurers’ operating stability.   21 November 2018

Insurance

Catlin syndicate 2003 outlook changed to negative

Syndicate Research Limited (SRL) has affirmed the A- (Good) Continuity Opinion of Lloyd's syndicate 2003 but has changed the outlook for the Continuity Opinion from stable to negative in light of the syndicate’s recent 5-year average performance relative to its Continuity Opinion peer group.   21 November 2018

Insurance

Aon taps Guy Carp exec for Asia reinsurance business

Re/insurance broker Aon has appointed Richard Jones as executive chairman of its reinsurance solutions business in Asia.   21 November 2018

Insurance

JLT Re's Howard joins Guy Carpenter as vice chair

Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Ross Howard, chairman of JLT Re, to become vice chairman of Guy Carpenter.   21 November 2018

Alternative Risk Transfer

Brit reveals new ILS platform for UK market

Specialty re/insurer Brit has unveiled a new multi-arrangement insurance special purpose vehicle to write general collateralised reinsurance for multiple cedants via Brit’s distribution network in the London market.   19 November 2018

Insurance

PartnerRe posts Q3 loss but enjoys solid growth

PartnerRe’s third quarter results were hit hard by losses from Typhoons Jebi and Trami and Hurricane Florence as well as losses on its investment portfolio though its CEO was upbeat as its non-life unit reported an underwriting profit in the first nine months of the year.   15 November 2018

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