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Insurance
US insurer WR Berkley Corporation has formed two operating companies in Mexico after being granted authorisation by local regulator Comisión Nacional de Seguros y Fianzas (CNSF). 13 June 2017
Insurance
Kevin Loppnow has re-joined insurance broker Lockton as a property and casualty unit manager in its Milwaukee office. 13 June 2017
Insurance
The Hartford, a US-based property/casualty insurer, has named Robert Paiano as chief risk officer to lead the company’s enterprise risk management operations. 13 June 2017
Insurance
Hong Kong-based Peak Reinsurance Company has been granted approval by the Labuan Financial Services Authority to carry on general reinsurance business in and through the Labuan insurance market. 13 June 2017
Insurance
Commercial insurance prices in the US were nearly flat during the first quarter of 2017, according to broker Willis Towers Watson. 13 June 2017
Insurance
Property/casualty insurer Chubb has increased its terrorism, political violence and war insurance capacity by 50 percent to meet the needs of large, multinational businesses with growing global exposures. 13 June 2017
Insurance
Bermuda-based Validus Holdings priced an underwritten public offering of 10 million depositary shares worth $250 million. 13 June 2017
Reinsurance
Swiss Re is engaging in an initiative to persuade governments in Europe to create schemes that will enable private re/insurers to expand the coverage of flood and earthquake risks. 8 June 2017
Insurance
Given the fiscal pressures in the member states of the Gulf Cooperation Council (GCC), the introduction of value added tax (VAT) seems inevitable and could cause short-term cash-flow issues for insurers, according to AM Best. 6 June 2017
Insurance
Investment manager Hudson Structured Capital Management has invested $20.1 million in preferred shares in a reinsurance vehicle that will assume $35.3 million of seasoned workers’ compensation liabilities. 6 June 2017
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