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Insurance
Investors were potentially spooked by AXA’s announcement yesterday (March 5) that it will acquire XL Group for $15.3 billion. Its share price fell sharply by around 10 percent as investors worried on a fundamental shift in strategy, according to analysts. 6 March 2018
Insurance
Nicola Harris joins XL Catlin from Allianz Global Corporate & Specialty where she was head of energy & marine, based in Dubai since 2014. Prior to that, she held a number of roles at Marsh in London and then Cape Town, where she was appointed regional leader for power & energy in 2011. 6 March 2018
Insurance
Two subsidiaries of Sompo Japan Nipponkoa Insurance will merge as the companies seek to address “challenges” in the property/casualty insurance industry in Japan and create efficiencies and improved profits. 6 March 2018
News
Cayman Islands-based Greenlight Capital Re has launched its new innovation unit, headed by chief operating officer Michael Belfatti. 6 March 2018
Insurance
Lloyd’s managing agent AEGIS London has hired Carrie Trudeau to manage claims notified by its Canadian coverholders. She joins from Crawford & Company (Canada), where she was director of Lloyd’s and dedicated units. 6 March 2018
Insurance
AmTrust Law, the legal expenses insurance division of AmTrust International, has appointed Ian Coleman and Bob Knock to the roles of senior ATE (after the event) underwriters. 6 March 2018
Insurance
Bermuda-based property /casualty re/insurer Sompo International has unveiled plans to launch a new European specialty insurance underwriting operation in Barcelona run by two senior executives it has hired. 6 March 2018
Insurance
Liberty Specialty Markets (LSM) will form a $27 billion consortium with the Channel Syndicate and Canopius to provide capacity for its new trade finance insurance initiative Toredo. 6 March 2018
Alternative Risk Transfer
Brazilian reinsurer Terra Brasis Resseguros has renewed a cat bond that provides it with protection against certain types of property-catastrophe risk in Latin America on an indemnity basis. 6 March 2018
Insurance
Willis Towers Watson has appointed Alexis Faber as chief operating officer within its corporate risk and broking segment. She will transition from her current role as global head of financial lines. 6 March 2018
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