News

News

SCOR reshuffles management in P&C reorganisation move

As part of a reorganisation of its Global P&C operations, SCOR has revealed a number of key appointments.   5 September 2018

Insurance

Fitch downgrades Cigna on $24bn debt raise for Express Scripts acquisition

Fitch Ratings has downgraded the Insurer Financial Strength (IFS) ratings of US health insurer Cigna Corporation’s operating subsidiaries to 'A' (Strong) from 'A+'.   5 September 2018

News

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.   17 April 2018

Insurance

Retail focus stabilizes Hiscox

Specialist insurer Hiscox has grown its retail business, helping to stabilize its 2017 results.   26 February 2018

Insurance

Berkshire raises liability estimate on AIG reinsurance deal

Berkshire Hathaway has increased the estimated claim liabilities under a major reinsurance contract with American International Group (AIG) by approximately $1.8 billion.   26 February 2018

Insurance

Japan flooding is deadliest catastrophe since Tohoku earthquake

Japan is enduring the deadliest natural catastrophe to hit the country since the 2011 Tohoku earthquake in the form of flooding, which is the worst since 1982.   13 July 2018

Insurance

Downstream insurance capacity to rise further in 2018

The downstream insurance capacity is set to rise further in 2018 despite record losses in 2017 while rates remain subdued, according to a Willis Towers Watson report.   5 April 2018

Insurance

US Risk hires vice president from Essent Group

Texas-based specialty lines underwriting manager and wholesale broker US Risk has hired Matthew McCampbell as executive vice president of corporate strategy and development.   9 June 2017

Insurance

Topa appoints Chang to manage reinsurance operation

US-based Topa Insurance has named Olive Chang assistant vice president of reinsurance and programmes, based in the company's Calabasas, California office.   9 June 2017

Alternative Risk Transfer

NFIP to secure reinsurance cover via ILS deal

The US Federal Emergency Management Agency (FEMA) plans to secure additional reinsurance cover for the National Flood Insurance Program (NFIP) by engaging the capital markets for the first time through an insurance-linked securities (ILS) transaction on or about July 1, 2018.   4 April 2018

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