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Insurance
Bermuda-based property/casualty re/insurer Sompo International is acquiring the renewal rights to Novae’s financial institutions (FI) portfolio which had annual gross written premiums in excess of $25 million. 31 May 2017
Insurance
Analysts have expressed optimism about the outlook for American International Group (AIG) after it implemented steps to improve performance and changed management. 31 May 2017
Insurance
Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Germany's Allianz Group, has appointed Mike Hansen as global head of aviation. 25 May 2017
Insurance
Ratings agency AM Best has removed American International Group (AIG) from ‘under review with negative implications’ and affirmed its Long-Term Issuer Credit Rating (Long-Term ICR) after analysing recent actions taken by the US insurers. 24 May 2017
News
Swiss Re is to form a combined property/casualty (P&C) underwriting hub for the Asia-Pacific region within its reinsurance business unit. 24 May 2017
Insurance
Ironshore, now a Liberty Mutual Company, has appointed Russell Fisher as vice president of political risk and trade credit to underwrite European business lines, based in London. 24 May 2017
News
Swiss Re Corporate Solutions has appointed Jonathan Rake as CEO Asia Pacific, based in Singapore. He succeeds Fred Kleiterp who has moved to a new role in Zurich. 24 May 2017
News
Swiss Re Corporate Solutions has appointed Fred Kleiterp as CEO of Europe, Middle East, Africa (EMEA), with effect from July 2017. He succeeds Tony Buckle, who has stepped down from the position. 24 May 2017
Insurance
Blend Insurance Solutions, a new Sydney-based Lloyd’s underwriting agency, has officially launched into the Australian market after securing an accident and health renewal rights deal with Beazley Underwriting. 24 May 2017
News
Scottish Re Group, which went into run-off in 2008 after suffering substantial losses in 2007, has started voluntary provisional winding up proceedings in Bermuda, where it is headquartered, and filed for parallel winding up proceedings in the Cayman Islands, where it is incorporated. 24 May 2017
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