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Insurance
Allied World approves $4.9bn Fairfax deal and share offer
Switzerland-based Allied World Assurance Company's shareholders have approved the merger transaction with Canada-based property/casualty re/insurer Fairfax Financial Holdings.   23 March 2017
Insurance
Drinker Biddle bolsters insurance regulatory team with new partner
US law firm Drinker Biddle & Reath has strengthened its insurance regulatory and transactional capabilities with the addition of Dan Brown as partner.   22 March 2017
News
JLT Re partners with flood risk modeller to expand in Canada
Reinsurance broker JLT Re has partnered with risk modelling company KatRisk to offer flood modelling in Canada.   21 March 2017
News
PhilNaRe announces resignation of key officer
PhilNaRe, the National Reinsurance Corporation of Philippines (NRCP), has confirmed that Jeffrey Lacson, its vice president and head of finance, has resigned from the company with effect from March 20.   16 March 2017
Awards
Vast majority in re/insurance wants UK’s Ogden discount rate calculation to change: survey
Most (84 percent) of participants in an Intelligent Insurer survey want the way the personal injury Ogden discount rate is being calculated in the UK to change.   13 March 2017
Insurance
ARAG criticises ABI for UK Ogden discount rate decision handling
Germany-based legal expenses insurance provider ARAG has criticized the Association of British Insurers (ABI) for the way it responded to the UK’s personal injury discount (Ogden) rate decision.   10 March 2017
Insurance
Ogden hit prompts Fitch to set UK non-life company insurance market on negative outlook
Fitch Ratings has revised its sector outlook for the UK non-life company insurance market to negative from stable after a harsh drop in the personal injury Ogden discount rate.   9 March 2017
Alternative Risk Transfer
ILS issuance contracted in 2016 for the second consecutive year
Insurance-linked securities’ (ILS) issuance contracted for a second consecutive year in 2016, according to the latest Bermuda Insurance-Linked Securities (ILS) Market Report.   8 March 2017
Insurance
Hong Kong warns on shrinking re/insurance hub, seeks growth in ILS
Hong Kong is losing re/insurance business particularly to Singapore and hopes for growth in ILS (insurance-linked securities).   8 March 2017
Insurance
Bulk annuity market behaviour driven by Solvency II, claims Aon
Aon Hewitt has said that there are clear signs that changes in regulation are changing behaviour – and the timing of deals – in the pension scheme bulk annuity market.   6 March 2017

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