Lloyd’s Canopius syndicate 4444 gets downgraded
Syndicate Research (SRL) has downgraded the B+^ (Above Average) Continuity Opinion of Lloyd's syndicate 4444 (Canopius Managing Agents) to B^ (Average).
The Hanover expects up to $76m nat cat costs in Q1
US-based property/casualty insurer The Hanover estimates the impact of catastrophe activity to be in the range of $66 million to $76 million before taxes in the first quarter of 2018.
Lloyd’s MS Amlin Underwriting gets downgraded due to losses
Syndicate Research (SRL) has downgraded the A-^ (Good) Continuity Opinion of Lloyd’s Syndicate 2001 (MS Amlin Underwriting) to B+^ (Above Average) following the announcement of its 2017 annual results and put it under review for further possible downgrade.
Allianz sells 33% in China unit
Allianz has sold a 33 percent stake in its China unit to Chinese online retailer JD.com, according to a Reuters April 16 report.
Lockton picks new chief digital officer to drive innovation
Insurance broker Lockton has appointed Said Taiym as executive vice president and chief digital officer.
Ex-CIRC chairman charged with fraud
The former chairman of China Insurance Regulatory Commission (CIRC) Xiang Junbo has been formally charged on suspicion of taking bribes, Reuters reported on April 16.
AXA backs MGA Gresham Underwriting
French insurer AXA and managed general agency (MGA) Gresham Underwriting (GUL) have entered into a three-year partnership under which AXA will provide £20 million of capacity.
Marsh partners in commercial blockchain solution for proof of insurance
Insurance broker Marsh is launching a commercial blockchain solution for proof of insurance in collaboration with IBM, ACORD and ISN.
Monument Re acquires run-off portfolio from Belgian insurer Ethias
Bermuda-based Monument Re, through its European subsidiary Laguna Life, has acquired a run-off portfolio of flexible premium retail life insurance contracts from Ethias, known as the First A Portfolio.
Sunderland Marine CEO steps down
Tom Rutter, chief executive officer of Sunderland Marine, is to retire on June 30 after nearly four decades with the company.
