Standish Mellon Asset Management Company, the Boston-based fixed income investment boutique for BNY Mellon, has launched a bundled solution for US insurance companies that includes asset management, global custody, and insurance accounting and reporting.
Universal Insurance Holdings, the US insurer, has made substantial savings on its reinsurance programme on the back of changes made by what it called its experienced in-house reinsurance team.
Insurance industry groups including the Property Casualty Insurers Association of America have applauded new legislation that means the Federal Reserve can apply different capital standards to insurers compared with those applied to banks.
AXA has appointed Frank Koster, formerly of ING, as chief executive officer (CEO) of AXA Belgium as of September 1, 2014. He succeeds Emmanuel de Talhouët.
XL Group has added to its railroad insurance team with the appointment of Aldith Townsend as a new underwriter in its railroad business, part of XL Group’s global excess casualty division.
Heritage Insurance has launched its new insurance programme for commercial residential properties in Florida.
Parker Fitzgerald, a professional services firm focused on risk and financial regulation, has appointed Andrew Moss, formerly chief executive officer (CEO) of Aviva, as chairman of its group advisory board.
The UK risk management association Airmic has launched a database of regulatory requirements to assist risk managers in ensuring their insurance programmes are compliant globally.
Swett & Crawford, part of Cooper Gay Swett & Crawford (CGSC), has expanded the property practice group with the addition of Todd Morin.
Ironshore’s Pembroke Lloyd’s Syndicate 4000 will offer accident disability coverage in the US for both individuals and groups.