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American International Group is to sell its interest in Ascot Underwriting Holdings and related syndicate-funding subsidiary Ascot Corporate Name to the Canada Pension Plan Investment Board (CPPIB), which invests the assets of the Canada Pension Plan. 19 September 2016
Insurance
Sompo Canopius, the global specialty re/insurer, has appointed Mike Southgate as global head of marine, energy and engineering. He will join the group underwriting committee and report to Mike Duffy, group chief underwriting officer. 2 March 2016
Insurance
Acappella Syndicate 2014 has appointed Suzanne Ward as divisional head of its new marine liability division. 27 November 2015
Insurance
American International Group (AIG) has taken an $836m pre-tax reserve charge in commercial lines in the third quarter of 2017 that also resulted in the company increasing full-year loss estimates, surprising analysts who thought the casualty issues at the company had been addressed. 3 November 2017
Insurance
US-based global health service company Cigna has called off a proposed merger agreement with Anthem following an order from the US District Court for the District of Columbia and demands more than $14.85 billion compensation from Anthem. 15 February 2017
article
Tom Bolt, the director of performance management at Lloyd’s, was voted the Re/insurance Leader of the Year in Intelligent Insurer’s annual global reinsurance industry awards based on a comprehensive survey of senior industry executives globally. 29 September 2014
Insurance
Reinsurers that attempt to increase rates on programmes in Asia on the back of the recent catastrophe losses in North America risk losing market share to new or emerging reinsurance capital that has so far struggled to gain market share in the region, Stuart Beatty, chief executive, Asia-Pacific, JLT Re, told SIRC Today. 31 October 2017
Insurance
Primary insurance writers in Asia are exploring growth opportunities in new, longer tail business segments—but a shortage of experienced actuaries in the region may open up opportunities for reinsurers that have the relevant technical experience and can partner with insurers on writing such business. 31 October 2017
News
Profits plummeted at Munich Re in the second quarter of 2017 but the world’s biggest reinsurer said it was still well on track to reach its 2017 profit guidance of between €2 billion €2.4 billion. 9 August 2017
Insurance
US insurer Travelers has appointed Michael Casella as senior vice president, international insurance. 20 November 2015
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