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Insurance
Pressure facing the global reinsurance sector may be magnified in Bermuda, rating agency AM Best suggested. 30 March 2017
Insurance
London-based specialist re/insurance market Lloyd’s of London has in 2016 recorded the fifth highest level of major claims since the turn of the century, the company said in a statement. 30 March 2017
Insurance
Re/insurer XL Catlin has appointed Denali Marlane as the western regional underwriting manager in San Francisco for its environmental insurance business. 30 March 2017
Insurance
An increasing number of UK companies are reviewing credit insurance as economic uncertainty grows due to uncertainty triggered by UK’s exit from the European Union, according to the British Insurance Brokers' Association (BIBA) 29 March 2017
Insurance
Property and casualty insurer Novae Group has entered into a quota share agreement with Fidelis Insurance Bermuda (FIBL) covering Lloyd’s Syndicate 2007’s US property catastrophe treaty excess of loss portfolio for 2017. 29 March 2017
Insurance
Cyclone Debbie roared ashore in Queensland as the most powerful storm to strike Australia since Cyclone Yasi destroyed Queensland resorts, homes, and crops in 2011, according to catastrophe risk modelling provider AIR Worldwide. 29 March 2017
Insurance
Suncorp, one of Australia’s largest insurers, said that it is well protected against the financial impact of Cyclone Debbie through reinsurance protection. 27 March 2017
News
Acappella Syndicate 2014 has promoted Jim Quinn to the new role of head of the reinsurance division, and Matthew Bellamy to the position of head of property reinsurance. 27 March 2017
Insurance
For European insurers, 2017 could be pivotal as the way they will respond to ultra-low interest rates, difficult economic conditions in certain regions, and political uncertainties could have a long-term effect on risk profiles and overall creditworthiness, according to S&P Global Ratings. 27 March 2017
Insurance
Hiscox's head of marine and energy, Simon Williams, has left the company, according to a spokesperson. 27 March 2017
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