News

Insurance

SCOR gets green light for new P&C specialty firm

Reinsurer SCOR has received the French supervisory authority's approval for SCOR Europe SE, the new Paris-based P&C specialty insurance company it is creating to ensure business continuity post Brexit.   22 November 2018

Insurance

Low interest rates bigger worry for insurers than no-deal Brexit: S&P

Prolonged lower interest are rates a bigger worry than Brexit for insurers.   8 October 2019

Insurance

Aon appoints new head of UK claims from Marsh

Re/insurance broker Aon has appointed Richard Moxon as head of UK claims at Aon Risk Solutions.   20 June 2018

Insurance

Swiss Re partners with insurtech OZON to launch SME cyber cover

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has launched an innovative risk management product that combines insurance with cyber attack protection services.   5 February 2019

Insurance

Fannie Mae completes $11.7bn multifamily mortgage risk transaction

Fannie Mae, the US government-backed financial institution that provides liquidity to the US mortgage markets by buying mortgages from lenders, has completed a multi-tranche credit insurance risk transfer (CIRT) transaction that covers a pool of $11.7 billion of multifamily loans.   28 March 2019

Insurance

Greenlight Re CEO Burton bemoans 'weak' 2018 performance as losses continue

Hedge fund-backed Greenlight Re's CEO Simon Burton admitted "weak" performance in 2018 as the reinsurer posted a loss in both its fourth quarter 2018 and full year results, but remains optimistic about the company's positioning and its value-investing strategy.   28 February 2019

Insurance

AXIS bolsters board with former Hartford CFO Zlatkus

Bermuda-based AXIS Capital Holdings has expanded its board of directors with the appointed of Lizabeth Zlatkus. She has previously held several senior management positions at The Hartford Financial Services Group during her 28-year tenure at the company.   27 February 2019

Insurance

Lloyd’s of London strong and well-positioned, despite heavy losses in 2017/18, says Moody’s

Lloyd’s of London is strongly capitalised and its brand name helps it attract new business, said ratings agency Moody’s.   4 September 2019

Insurance

MS Amlin CFO resigns to join Hastings Group

Re/insurer MS Amlin's chief financial officer (CFO) John Worth is stepping down from his role to join Hastings Group, a UK-based insurance provider.   14 January 2019

Insurance

P&C sector faces higher Q4 cat losses: KBW

P&C re/insurers face higher year on year catastrophe losses in the fourth quarter of 2018 results reflecting hurricane Michael, California wildfires, and some smaller events, but overall losses should be manageable, according to Keefe, Bruyette & Woods (KBW) analysts.   14 January 2019

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