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Insurance
The passage of a bill similar in form to the Terrorism Risk Insurance Program Reauthorization Act of 2014, approved by the Senate Banking Committee this week, would stem the risk of any economic or insurance market disruption tied to terrorism exposures in the near term, according to Fitch. 5 June 2014
Insurance
Standard & Poor’s (S&P) has questioned the validity of including insurers on a global list of companies regarded as posing a systemic risk to the global financial system should they fail. 4 June 2014
Insurance
Despite many changes that have modernised the insurance industry over the past 30 years, ratings, on average, have declined during that period Standard & Poor's (S&P) has revealed in a report that also stresses its caution on the industry’s prospects. 2 June 2014
Insurance
The rise in interest rates has led to stabilised ratings for insurers in the US, but risks for reinsurers continue to heighten. 30 May 2014
Insurance
Guy Carpenter has appointed Eric Simpson as managing director and Mark Murray as senior vice president. 30 May 2014
Insurance
Rating agency Standard & Poor's (S&P) has revised its outlook for American International Group (AIG) from negative to stable and affirmed AIG’s A- long-term counterparty credit rating 29 May 2014
News
JLT Towers Re has appointed former Guy Carpenter head, David Flandro, as global head of strategic advisory. 28 May 2014
Insurance
Xuber, Xchanging’s insurance software business has launched a new software offering in partnership with Moore Stephens Consulting. 28 May 2014
Insurance
Belgium-based insurer Ageas will take full ownership of the Portuguese non-life activities of its joint venture with MBCP. 27 May 2014
Insurance
The outlook for the Korean life industry remains stable, backed by strong capitalisation and a stable investment mix, despite ongoing profitability challenges, according to rating agency Moody’s. 27 May 2014
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