News

Insurance

Markel gains Lloyd’s India reinsurance licence

Specialist insurer Markel International has been granted a licence by the Insurance Regulatory and Development Authority of India (IRDAI) to write reinsurance business in the country.   11 June 2018

Insurance

Marsh can cope with debt burden after JLT acquisition: S&P

Following an in-depth business and financial review, S&P Global Ratings believes Marsh&McLennan (MMC) will likely be committed to and able to de-lever back to a range appropriate for the firm’s current rating despite a very significant increase in debt to fund its acquisition of insurance broker JLT.   8 October 2018

Insurance

Enstar to sell Pavonia life business for $120m

Bermuda-based Enstar Group has entered into an agreement to sell its subsidiary Pavonia Holdings for $120 million to an undisclosed affiliate of Global Bankers Insurance Group, the re/insurance group of companies of Eli Global.   20 February 2017

Insurance

Berkshire expands in Australia P&C insurance with Chubb execs

Berkshire Hathaway Specialty Insurance (BHSI) has opened a new office in Perth to further expand its presence in Australia while appointing new property and casualty lines leaders.   26 March 2018

Insurance

Global insurers highlight low interest rates as their top portfolio risk concern

‘Increasingly the industry is willing to take on liquidity risk in pursuit of higher yields.’   26 November 2019

Alternative Risk Transfer

Artex poaches Aon's Mullen to re-join as CEO

Artex, an alternative risk management subsidiary of Arthur J Gallagher, has hired Peter Mullen to re-join the company after seven years as CEO-elect.   26 March 2018

News

Solvency II: Insurers missing a chance for return, says Towers Watson

Insurers are missing out on the chance of generating a return on their investment in preparing for Solvency II, according to a new report by Towers Watson.   23 May 2012

Insurance

Chubb moves US zonal leader to Europe as new COO

Property/casualty insurer Chubb has appointed Adrian Matthews to the role of chief operating officer (COO) for Continental Europe, based in Paris.   20 February 2017

Insurance

US life/annuity holdings of structured notes on the rise – AM Best

The industry increased its holdings in structured notes by one-third over a three-year period   26 November 2019

Insurance

Zurich finalises reinsurance deal with ANZ

Australia and New Zealand Banking Group (ANZ) has finalised a reinsurance arrangement with Zurich and has received around $1 billion of reinsurance proceeds.   8 May 2018

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