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Insurance

S&P points to ‘promising’ reinsurance price trends for 2019 despite record cat losses

Global reinsurance pricing is “a firming market” rather than a hard one, according to S&P Global, which suggested that “green shoots” could be on the way for reinsurers in 2019.   7 June 2019

Insurance

NN Group, Athora to buy Dutch insurer Vivat from Chinese owner Anbang

European life insurer Athora and Netherlands’ NN Group have teamed up to acquire Dutch insurer Vivat, which was put up for sale last year by Chinese owner Anbang Group Holdings.   7 June 2019

Insurance

The canary coughs again

Asbestos claims have caused the insurance industry a headache for many years. But just when the issue seemed under control, American International Group has increased its reserves for this liability.   1 March 2011

Insurance

Beazley launches blockchain registry with Lloyd’s coverholder and Bitfury

Specialist insurer Beazley and Lloyd’s coverholder Risk Cooperative have partnered with blockchain technology company Bitfury to build the first blockchain-based system for crisis insurance and risk management.   2 May 2018

Insurance

IAT hires reinsurance head from Aspen as Miller retires

US-based IAT Insurance Group has hired Donna McDermott as head of IAT Reinsurance (IAT Re) to succeed senior vice president Jim Miller who plans to retire on March 1, 2019.   19 July 2018

Insurance

RLI absorbs Hawaii volcanic event in Q2

Specialty insurer RLI has been impacted by volcanic activity in Hawaii but managed to improve earnings in the second quarter of 2018 nevertheless.   19 July 2018

Insurance

Willis Towers Watson extends CEO contract

Willis Towers Watson has extended the contract with CEO John Haley for an additional two years in order to facilitate an orderly succession of the chief executive officer position.   19 July 2018

Insurance

WR Berkley makes senior changes in units

WR Berkley has appointed Scott Barraclough, the president of excess and surplus lines player Admiral Insurance, as chief executive officer of Berkley Public Entity (BPE), a Berkley Company that specialises in public entities and intergovernmental pools or trusts.   26 October 2018

Insurance

AXA XL restructures E&S casualty leadership

Re/insurer AXA XL has unveiled its new excess & surplus (E&S) casualty product leads in the US, including a senior hire from QBE.   12 December 2018

Insurance

Starr ends syndicate underwriting in Singapore, grows via local unit

Insurance and investment firm Starr Companies which is headed by Maurice Greenberg, has discontinued underwriting new business through the Starr Singapore Underwriting Agents representing its Lloyds Syndicate 1919.   8 November 2017

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