News
Insurance
Ratings agencies see the operating environment for reinsurers deteriorating in 2017 which could lead to negative ratings actions particularly for smaller players. 15 December 2016
Insurance
Zurich UK, a subsidiary of Zurich Insurance Group, is acquiring Oak Underwriting from RSA Insurance. 28 March 2018
Insurance
AXA UK has appointed Scott Wheway as chairman, succeeding Ian Brimecome, who is retiring from the post after five years and over 10 years as a non-executive director. 27 November 2017
Insurance
Reinsurance broker JLT Re, a subsidiary of Jardine Lloyd Thompson Group, has appointed Guy Carpenter executive Scott MacColl as head of credit and surety for North America. 16 July 2018
Insurance
State Farm and Farmers Insurance Group of Companies have the highest wildfire exposure in California where the Camp Fire and the Woolsey Fire are set to cause significant losses for insurers and reinsurers. 19 November 2018
Alternative Risk Transfer
Markel Corporation has completed its acquisition of Nephila Holdings, the biggest insurance-linked securities (ILS) manager in the world. 15 November 2018
Insurance
Enstar is creating a Cayman Islands-licensed insurance company (the Retrocessionaire) as a subsidiary of the group following the retrocession deal with Maiden Holdings. 14 November 2018
Insurance
Lloyd's broker Endeavour Insurance Services has appointed the founder of PIB and EC3 Brokers Chris Giles as non-executive chairman. 19 December 2017
Insurance
Mitsui Sumitomo Insurance Company Europe (MSIEU), a wholly owned subsidiary of MSI, has concluded strategic alliance agreements with ICEA LION General Insurance Company in Kenya, and International Commercial and Engineering Seguros (ICE) in Mozambique. 4 July 2018
Insurance
US-based property/casualty insurer Liberty Mutual Holding Company reported attributable net income of $1.01 billion for 2016, an increase of $492 million versus the same period in 2015. 2 March 2017
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