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Insurance
Commercial and industrial property insurer FM Global has been granted insurance license in Luxembourg where it will set up a new hub to write business across the European Economic Area (EEA) once the UK leaves the European Union. 31 May 2017
Insurance
Bermuda-based property/casualty re/insurer Sompo International is acquiring the renewal rights to Novae’s financial institutions (FI) portfolio which had annual gross written premiums in excess of $25 million. 31 May 2017
Insurance
Specialist insurer Markel International has appointed Hannah Purves and Simon Wilson to the boards of Markel Syndicate Management and Markel International Insurance Company. 31 May 2017
Insurance
Dale Underwriting Partners, which is managed by Lloyd’s third-party managing agency Asta, has announce that its key capital provider ProAssurance Corporation has extended its commitment of $200 million of underwriting capital to Syndicate 1729, through to the 2022 year of account. 25 May 2017
Insurance
Ratings agency AM Best has removed American International Group (AIG) from ‘under review with negative implications’ and affirmed its Long-Term Issuer Credit Rating (Long-Term ICR) after analysing recent actions taken by the US insurers. 24 May 2017
News
Swiss Re is to form a combined property/casualty (P&C) underwriting hub for the Asia-Pacific region within its reinsurance business unit. 24 May 2017
Insurance
Amid a myriad of challenges, re/insurers must stay ahead of their peers and embrace innovation and technology if they are to thrive in the game, Ingrid Carlou, the chief executive of Patria Re, tells Intelligent Insurer. 24 May 2017
Insurance
Ironshore, now a Liberty Mutual Company, has appointed Russell Fisher as vice president of political risk and trade credit to underwrite European business lines, based in London. 24 May 2017
News
Swiss Re Corporate Solutions has appointed Jonathan Rake as CEO Asia Pacific, based in Singapore. He succeeds Fred Kleiterp who has moved to a new role in Zurich. 24 May 2017
News
Swiss Re Corporate Solutions has appointed Fred Kleiterp as CEO of Europe, Middle East, Africa (EMEA), with effect from July 2017. He succeeds Tony Buckle, who has stepped down from the position. 24 May 2017
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