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Insurance
AIG’s leaving CEO Hancock denied 2016 bonus, gets $5m for transition period
American International Group’s (AIG) leaving CEO Peter Hancock was denied a bonus for 2016 after the company recorded a $3 billion net loss for the fourth quarter of 2016.   20 March 2017
Insurance
Profit at Hannover Re parent Talanx jumps in 2016; large losses below expectations
Hannover-based Talanx, which operates in insurance and reinsurance, grew its net profit by 23.6 percent to €907 million in 2016, helped by lower than expected large losses.   20 March 2017
Insurance
Chartered Insurance Institute warns on growing fracking risks
Insurers need to prepare for the impact of increased onshore fracking on UK households and businesses as there are currently no policies in the market that cover it, according to a Chartered Insurance Institute (CII) report.   20 March 2017
Insurance
Insurance Europe calls for Solvency II changes
In its response to the Capital Markets Union (CMU) consultation, lobby group Insurance Europe has called on the European Commission to work on changes to the Solvency II framework.   20 March 2017
Insurance
Lloyd's syndicate ICAT launches first cat bond Buffalo Re
ICAT Syndicate 4242 of Lloyd’s of London has issued its first catastrophe bond Buffalo Re Series 2017-1 that will offer indemnity reinsurance coverage for storms and earthquakes occurring in the US.   20 March 2017
Insurance
Markel hires senior claims adjuster from Willis
Specialist insurer Markel International has appointed Claire Lane as senior equine claims adjuster.   20 March 2017
Insurance
European cedants slow down purchase of reinsurance
Despite a soft market, large European cedants have slowed down the pace at which they are buying reinsurance, according to AM Best.   20 March 2017
Insurance
Beazley hires XL Catlin exec as head of specialty lines for LatAm
Specialist insurer Beazley has appointed Najib Bousakr to spearhead the growth of its specialty lines business in Latin America.   17 March 2017
Insurance
Munich Re reveals its strategy to generate new business
While Munich Re is currently shrinking its share of traditional reinsurance business, due to the current soft market, it is also investing in technology to create alternative growth opportunities through the coverage of new risks and advisory for risk prevention.   16 March 2017
Insurance
Zurich poaches Hiscox chief operating officer
Zurich has appointed Florence Tondu-Mélique as CEO of its French operations effective June 2017, subject to regulatory approval.   16 March 2017

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