Articles

Insurance

XL Group benefits from acquisition by AXA

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

AXA at risk of downgrade post XL acquisition

Fitch Ratings has threatened to downgrade AXA following the plan to acquire XL Group due to financing risks related to the planned IPO of AXA’s US subsidiary.   7 March 2018

Insurance

Canopius appoints new CEO, CUO for Lloyd's managing agency

Specialty re/insurer Canopius has appointed Mike Duffy chief executive of Canopius Managing Agents, the group’s principal regulated entity, in addition to his existing role as group chief underwriting officer.   7 March 2018

Insurance

Cyber driven business interruption threatens energy sector

Energy executives are increasingly concerned about the impact of cyber-attacks on their operations, according to insurance broker Marsh.   7 March 2018

Insurance

Reinsurance cost rise 33% for Esure due to Ogden change

UK insurer Esure has seen its reinsurance costs rising by 33 percent during renewal in 2017 due to the UK’s Ogden personal injury discount rate change.   7 March 2018

Insurance

Former Beazley A&H head joins insurance underwriting Avoca

Chris Branch, the former global head of Beazley's life, accident and health division, has joined US-based Avoca Risk Underwriting Solutions (ARUS) where he will work with the executive team and Avoca group shareholders.   7 March 2018

Insurance

Commercial cyber liability premium to reach $6.2bn by 2020: Verisk

The written premium for the commercial cyber liability market is estimated to reach $6.2 billion by 2020 with annual take-up rates growing 20 to 30 percent during the next years, according to a report by data analytics provider Verisk.   7 March 2018

Insurance

Excel in Business to hold free digitization event in London

Excel in Business (EiB) is holding a one day interactive conference for MGAs, insurers and brokers grappling with digitization.   7 March 2018

Insurance

AmTrust Reinsurance widens Maiden’s Q4 loss

The performance of Maiden’s AmTrust Reinsurance segment deteriorated in the fourth quarter 2017 and full year, impacting Maiden’s financial performance.   28 February 2018

Insurance

Beazley cyber, casualty releases praised by analysts

Equity analysts from Jefferies have praised the significant cyber and casualty at specialty insurer Beazley in 2017.   28 February 2018

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