Insurance veteran Stephen Catlin joined private equity firm Aquiline Capital Partners as a senior advisor at the end of 2017.
US property/casualty insurer Travelers has seen its underwriting income fall sharply in the fourth quarter as well as in the full year of 2017.
An extreme cyber incident that takes a top cloud provider offline in the US for 3 to 6 days would result in economic losses of $15 billion and up to $3 billion in insured losses, according to a Lloyd’s Jan. 23 press release.
XL Catlin’s insurance operation in France and Benelux has launched new local underwriting capabilities with the appointment of Eric Zandvliet as head of political risk, credit & bond (PRCB).
Ryan Specialty Group (RSG) has promoted Reza Khan to CEO and president of ThinkRisk Underwriting Agency and CorPro Underwriting Managers.
Paragon Insurance Holdings, a multi-line specialty managing general agency (MGA), has appointed Andrew Petersen as regional president and executive vice president (EVP) of reinsurance operations.
American International Group’s (AIG’s) plan to take over Bermuda-based Validus Holdings has triggered positive comments from market observers.
Australia’s QBE has warned the markets that it expects to report a full year 2017 after tax loss of around $1.2 billion due to catastrophe losses, reserve strengthening and write-downs.
The Germany-based group Talanx is acquiring 99.4 percent of the shares in Liberty Sigorta, the Turkish non-life subsidiary of US-based Liberty Mutual Group.
Specialist insurer Beazley has strengthened its international specialty lines teams across Europe with a series of hires from Aon, Chubb and Tokio Marine, among others.