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Insurance
Marine protection and indemnity (P&I) insurers have strengthened their balance sheets in the past 12 months and benefited from low loss experience, leading S&P Global Ratings to take positive rating actions, including upgrading three insurers. 21 February 2017
Insurance
Markel Corporation has appointed Ashley Dillon as underwriting assurance director for the product line leadership team. 21 February 2017
Alternative Risk Transfer
The Cayman Islands Monetary Authority (CIMA) is streamlining applications for cat bond vehicles. 21 February 2017
Insurance
Trade credit insurer Euler Hermes has appointed Milo Bogaerts as CEO for UK and Ireland, effective from April 1. 21 February 2017
Insurance
London-based Lloyd's insurance broker Kinetic has appointed Ian Ashworth and Kieron Burrows to further develop its portfolio of broker accounts and binding authorities. 21 February 2017
Insurance
A planned revision of the Ogden discount rate from 2.5 percent to negative 0.5 percent would particularly affect UK motor reinsurers as they would likely experience a material one-off reserve charge of approximately £4.9 billion, according to analysis by Willis Towers Watson. 20 February 2017
Insurance
Specialty re/insurer Brit reported a profit after tax of $157.6 million compared to $15.6 million in 2015 despite experiencing further rate deterioration. 17 February 2017
Insurance
Lloyd's broker Bishopsgate, the London market business of Towergate Insurance, has appointed three executives. 17 February 2017
Insurance
German insurer Allianz is convinced of its reorganisation of the life business which is under pressure due to a low interest rate environment, especially in Germany where insurers have offered guaranteed returns to clients that are now difficult to meet. 17 February 2017
Insurance
Germany’s insurance giant Allianz expects its 2017 operating profit to match the €10.8 billion it earned in 2016, according to its results press release. 17 February 2017
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