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Insurance
Aon Risk Solutions, the global risk management business of Aon, has appointed Jenna Pettinelli as vice president and property broker in the company’s Philadelphia, Pennsylvania office. 28 March 2017
Insurance
Canada-based life insurance company Sun Life Financial has made strategic changes to its executive team with effect from May 29, according to a statement. 28 March 2017
Insurance
A review of the UK Ogden discount rate, used to calculate personal injury lump sum compensation payments, must break its current tie to index-linked government bonds, the International Underwriting Association (IUA) has stated. 28 March 2017
Insurance
Following a year in which profits in the insurance sector fell by 23 percent in the UK to £7.0 billion, 2017 should see an improved performance, buoyed by a better global outlook, according to the latest EY ITEM Club outlook for financial services. 28 March 2017
Insurance
Swiss Re is cutting back its business not only in property/casualty (P&C) but also in its favoured corporate solutions segment as rates reach intolerable levels and waits for the operating environment to improve. 24 February 2017
Insurance
French reinsurer SCOR has appointed Rachel Conran as head of business solutions within its Global P&C unit effective March 2. 23 February 2017
Insurance
France’s reinsurer SCOR is searching for opportunities to deploy its excess capital which is set to grow further through the ongoing merger of its units and is unlikely to be squeezed by a qualification of SCOR as a systemically important financial institution. 22 February 2017
Insurance
The former chief financial officer Rory O’Connor and two former actuaries of RSA Insurance Ireland have admitted misconduct and agreed to fines and other sanctions following the conclusion of the Financial Reporting Council’s (FRC) investigation into financial irregularities at the company in respect of the year ended 31 December 2012 and relevant prior periods. 22 February 2017
Insurance
French reinsurer SCOR is sitting on a pile of excess capital worth as much as €200 million and could end up with the same amount again if a reorganisation of its different legal entities goes to plan. 22 February 2017
Insurance
Profits dipped at SCOR in 2016 in what was an otherwise solid set of results for the French reinsurer, which continued to grow largely thanks to contributions from its Global Life unit while its Global P&C business also expanded its footprint in the US. 22 February 2017
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