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Insurance
Reinsurers and large insurers are at risk of being hit by unexpectedly large losses stemming from a large cyber attack on a par with substantial hurricane losses in the US—because they do not understand their aggregations to this exposure. 16 October 2017
News
GIC Re, India’s national reinsurer, has appointed Alice Vaidyan as its new chairman and managing director (CMD), replacing acting CMD K Sanath Kumar. 25 January 2016
Insurance
Markel International, the specialist insurer, has appointed Simon French, formerly of Faraday Underwriting, as compliance officer. 3 June 2014
Insurance
Specialist insurer Allianz Global Corporate & Specialty (AGCS) has appointed Paul O’Neill as chief underwriting officer specialty, effective October 1 2016. 30 June 2016
Insurance
American International Group (AIG) reported a net loss of $3.04 billion, up from a negative $1.84 billion in the same period of 2015, impacted by a $5.6 billion prior year adverse reserve development. 15 February 2017
Insurance
Ratings agency AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the US life/health subsidiaries of Netherland-based insurance group Aegon. 8 May 2017
Insurance
Nexus Underwriting Management, the specialty managing general agent (MGA), has acquired London-based independent MGA Millstream Underwriting. 17 December 2015
Insurance
Imperium Insurance Management, the MGA which is soon to be launched in conjunction with Direct Insurance Group, has secured capacity with XL Catlin. 8 May 2015
article
The 15 2CVs that are taking part in the Monte Carlo or Bust event have successfully made it to Saint Martin la Pattrouille, despite a few mishaps on the way. 12 September 2015
Insurance
Endurance experienced substantial growth in almost all lines of business in the second quarter of 2016, largely driven by its acquisition of Montpelier Re but also by an expansion of its underwriting portfolio. Its profits for the period remained stable. 2 August 2016
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