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Insurance
Despite a plethora of challenges including low oil prices, cost control pressures, workforce layoffs, onerous legislation/regulation and the escalating risk of cyber-attacks, margins for energy insurers remain wafer thin, a situation that could become the ‘new normal’ for the market. 12 April 2017
Insurance
S&P Global Ratings upgraded aviation re/insurer Aviabel Belge d'Assurances Aviation after its acquisition by Bermuda-based property/casualty (re)insurer AXIS Capital Holdings. 10 April 2017
Insurance
WR Berkley Corporation's commercial excess and surplus (E&S) unit Nautilus Insurance Group has appointed Trish Buckhardt as senior vice president of its new strategic initiatives group with effect from April 4. 3 April 2017
Insurance
Property and casualty insurer Novae Group has entered into a quota share agreement with Fidelis Insurance Bermuda (FIBL) covering Lloyd’s Syndicate 2007’s US property catastrophe treaty excess of loss portfolio for 2017. 29 March 2017
Insurance
Suncorp, one of Australia’s largest insurers, said that it is well protected against the financial impact of Cyclone Debbie through reinsurance protection. 27 March 2017
News
Acappella Syndicate 2014 has promoted Jim Quinn to the new role of head of the reinsurance division, and Matthew Bellamy to the position of head of property reinsurance. 27 March 2017
Insurance
For European insurers, 2017 could be pivotal as the way they will respond to ultra-low interest rates, difficult economic conditions in certain regions, and political uncertainties could have a long-term effect on risk profiles and overall creditworthiness, according to S&P Global Ratings. 27 March 2017
Insurance
Hiscox's head of marine and energy, Simon Williams, has left the company, according to a spokesperson. 27 March 2017
Alternative Risk Transfer
PCS designated more catastrophe events in 2016 than in any year since 1980, as Tom Johansmeyer of ISO Claims Analytics, a division of Verisk Insurance Solutions, reports. 23 March 2017
Insurance
The brunt of an expected one-off reserve charge of approximately £5.8 billion due to the Ogden personal injury discount rate cut may be borne by reinsurance, according to market estimates. While reinsurers told Intelligent Insurer that they are adequately reserved they are preparing for material rate increases. 22 March 2017
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