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Insurance
Composite rates for both personal and commercial US property and casualty insurance rose by 3 percent in May, according to a report released Thursday by MarketScout, placing both lines between the ‘flat’ to ‘adjusting upward’ categories on MarketScout's barometer. 6 June 2014
Alternative Risk Transfer
The UK government plans to change regulations to allow insurance linked securities (ILS) to be domiciled in the country. 18 March 2015
Insurance
A pioneering vehicle widely regarded as one of the first sidecars to be formed to write property-catastrophe reinsurance on a quota share basis is being wound up – a move that will represent a stark reminder to investors of the pitfalls of insurance-linked investments. 6 March 2015
Insurance
American International Group (AIG) has announced it has taken a number steps to streamline its businesses narrow focus, improve financial performance and return capital to shareholders. 24 November 2015
News
Carsten Prussog, currently head of reinsurance development at Munich Re, will become president of the specialty markets division of Munich Re's US property/casualty reinsurance subsidiary, Munich Re America. 6 June 2013
Insurance
The Guardian Life Insurance Company of America, one of the nation’s largest mutual life insurers, has appointed Marc Costantini, formerly of Manulife Financial Corporation, as chief financial officer (CFO). 24 April 2014
Insurance
Global re/insurance company XL Group is planning to redomesticate its parent holding company’s place of incorporation to Bermuda from Ireland. 29 February 2016
Alternative Risk Transfer
Excess capacity and strong competition among traditional and ILS markets have again been instrumental in driving rates down, says JLT Re. 29 June 2017
Insurance
Run-off acquirer Catalina Holdings has entered into a definitive agreement with NationsBuilders Insurance Company (NBIC) to transfer a portfolio of US residential construction liabilities. 26 June 2014
Insurance
State Insurance, a New Zealand subsidiary of Insurance Australia Group (IAG), is consulting with employees on proposals that could see the closure of the bulk of its branch network. 29 September 2014
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