Russia’s relatively young insurance sector, although facing several challenges, is developing at an impressive rate, according to a new report by rating agency AM Best.
Rating agency AM Best has affirmed its financial strength A+ rating for ACE Europe Group Limited (AEGL), along with the group’s “aa” issuer credit rating.
Legal Solutions Group and Xchanging have engaged in a strategic partnership to provide an integrated service to the London Market.
Major industry losses borne by the Lloyd’s Market last year accounted for 25.5 percent of its net premium earned, according to a new report by Aon Benfield.
White Mountains Solutions, a subsidiary of White Mountains Insurance Group, is acquiring Physicians Insurance of Ohio and Citation Insurance Company from PICO Holdings.
Tens of insurers and insurance associations have signed up to the United Nations Environment Programme Finance Initiative’s Principles of Sustainable Insurance, which was launched at the UN Conference on Sustainable Development.
Mark Gibson has been appointed as director of alternative risk capital by Argo Group.
Willis Group Holdings has appointed Antonio Tosti as chief executive officer of Willis' Latin American reinsurance business.
Alterra Capital has formed a new sidecar, New Point V Limited, to create additional capacity in property catastrophe collateralized reinsurance.
Chartis has increased its commercial property per-risk capacity to $1.5 billion.