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GeoVera Reinsurance, part of catastrophe specialist the GeoVera Insurance Group, has secured a financial strength rating (FSR) of A from AM Best. The outlook on the rating is stable. 13 June 2014
News
AM Best has revised the outlook of African Reinsurance Corporation’s financial strength rating to positive from stable, based on an improvement in underwriting results. 13 June 2014
Insurance
The expected renewal of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is likely to lead to the imposition of higher deductibles and risk retentions on US P&C insurers, according to Moody’s. 12 June 2014
Insurance
The market is nearing the bottom of a very aggressive pricing cycle, according to John Charman, chief executive of Endurance Specialty, who added that competition in the market is healthy. 12 June 2014
News
The reinsurance industry will likely see more merger and acquisition (M&A) activity in the coming years as competitive pressures within the sector increase, according to speakers at the Standard & Poor's Ratings Services' 30th Annual Insurance Conference this week. 11 June 2014
Insurance
Rating agency Fitch Ratings has upgraded Lloyd's of London's (Lloyd's) financial strength and creditworthiness, as it expects the insurer to deliver stronger underwriting performance. 11 June 2014
Insurance
Companies should be wary of merging where there is no strategic rationale and no synergies regardless of competitive pressures in the industry that will force companies to consider consolidation, according to Constantine Iordanou, chief executive of Arch Capital. 11 June 2014
Insurance
American International Group (AIG) has appointed Peter Hancock as president and chief executive officer (CEO) from September 1. He succeeds Robert Benmosche. 11 June 2014
Insurance
The industry is increasingly becoming split into different tiers of reinsurers – but there is little hope for those that find themselves in the lowest tiers, according to Denis Kessler, chairman and CEO of SCOR. 10 June 2014
Insurance
Ratings advisory firm Litmus Analysis has launched a new venture aimed at providing quality market research and analysis and hired a former S&P executive to help run it. 10 June 2014
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