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Insurance
Catastrophe bond issuance in the second quarter of 2018 totalled over $4.03 billion, representing the third largest second quarter issuance total in history, according to the Q2 2018 Update report on the insurance-linked securities (ILS) sector by Aon Securities. 14 August 2018
Insurance
The International Union of Aerospace Insurers (IUAI) has appointed Chris Kunstadter as union president, taking over from Jeff Cassidy. 8 July 2016
Insurance
As India opens its market to international reinsurers, major foreign players are applying for licences to take advantage of the country’s strong growth potential. But they will encounter a fairly soft market with prices likely to depreciate further due to the additional inflow of capacity, and a paramount state-run competitor, experts believe. 13 October 2016
Insurance
AM Best said it does not expect to take rating actions as a direct consequence of the implementation of Solvency II. 8 December 2015
Insurance
As the Indian market opens up to foreign reinsurers, it can offer opportunities for long-term growth but also risks for reinsurers that are unprepared. Only players with technical expertise and a long-term plan will prosper, says Philip Chung, director at S&P Global Ratings. 12 October 2016
Insurance
Commercial insurance prices were nearly flat during the third quarter of 2017, according to Willis Towers Watson’s most recent Commercial Lines Insurance Pricing Survey (CLIPS). 11 December 2017
Insurance
A destructive wildfire raging in southern California has expanded significantly, scorching an area larger than New York City, BBC News reported on Dec. 11. 11 December 2017
Insurance
Insurer Chubb has appointed Tressie Norton as senior underwriter, transactional risk, for the UK and Ireland in a bid to expand its insurance capabilities in this area. 16 June 2016
Insurance
Bermuda-based re/insurer Sompo International has hired Alison Wood and Lorene Phillips for its global casualty reinsurance team in London. 13 November 2017
Insurance
AXIS Capital has entered into an agreement to acquire aviation re/insurer Aviabel, in order to help expand its footprint in the global aviation market. 29 November 2016
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