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Insurance
German insurer Hannover Re has reached an agreement to acquire the entire share capital of the UK holding company Argenta, which owns Lloyd’s managing agent Argenta Syndicate Management and Argenta Private Capital as well as pro rata share of the Lloyd's Syndicate 2121. 20 March 2017
Insurance
Re/insurer XL Catlin has promoted Tim McMahon to the position of global chief underwriting officer (CUO) for property insurance with effect from May 1. 20 March 2017
Insurance
US property/casualty insurer Travelers has estimated the impact of UK’s personal injury Ogden discount rate at $62 million. 20 March 2017
Insurance
The risk to US property from thunderstorms is as high as from hurricanes, according to a Willis Re report. 20 March 2017
Insurance
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
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
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
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
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
Specialist insurer Markel International has appointed Claire Lane as senior equine claims adjuster. 20 March 2017
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