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Insurance
Claims management firm Cunningham Lindsey has appointed Stephen Foster as marine technical director in the UK. Foster replaces Ray Saunders, who is retiring at the end of the year. 10 July 2017
News
Brazil’s major reinsurer IRB Brasil Resseguros has filed for an initial public offering in the São Paulo Stock Exchange. 10 July 2017
Insurance
Elseco, the fintech specialty insurance underwriting platform headquartered at the Dubai International Financial Centre (DIFC), has expanded its aviation capabilities and book of business with the appointment of Olivier Marre. 10 July 2017
Alternative Risk Transfer
Italian insurer Assicurazioni Generali said on July 10 that it returned to the insurance -linked securities (ILS) market with a €200 million cat bond on floods and windstorms in Europe and earthquakes in Italy. 10 July 2017
Insurance
Ensurance said July 10 that its newly-created managing general agency has entered into a partnership agreement with Swiss Re Corporate Solutions and XL Catlin, and received Lloyd's coverholder status for its UK operations. 10 July 2017
Insurance
Norway's Protector Forsikring, the insurer on the London Grenfell tower block that has been devastated by fire killing at least 80 people, has raised its expected gross claims from the tragedy to £50 million in its second quarter results report. 10 July 2017
Insurance
Broker Willis Towers Watson has expanded its insurance broking capabilities in India by acquiring a 49 percent stake in Almondz Insurance Brokers. 10 July 2017
Insurance
S&P Global Ratings said on July 7 that it reduced its outlook for UK-based life insurer Legal & General’s (L&G’s) subsidiaries as the group’s spending is outpacing retained earnings. 10 July 2017
Insurance
Fitch Ratings said July 7 that it has placed Gibraltar-based Elite Insurance Company’s Insurer Financial Strength (IFS) rating of 'BBB-' on Rating Watch Negative (RWN). 10 July 2017
Insurance
Texas-based US Risk Insurance Group, a specialty lines underwriting manager and property/casualty wholesale broker, has acquired IMS London American Brokerage and Underwriting Services. 10 July 2017
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