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Insurance
The administrator of New Zealand-based CBLC, the ultimate parent of CBL group of Companies (CBL group), has recommended the liquidation of the re/insurance company. 15 May 2018
Insurance
The European Union Financial Affairs Sub-Committee has launched a new inquiry into the future of financial regulation and supervision post Brexit. 27 July 2017
News
Hannover Re has posted a profit for the third quarter despite large losses exceeding its budget in the third quarter of 2017 through an increase in investment income driven by the sale of its listed equity portfolio. 8 November 2017
Insurance
The Financial Conduct Authority (FCA) has launched a market study to assess how competition is working in the wholesale insurance broker sector in the UK. 8 November 2017
Insurance
Aon has named Jim Gloriod as CEO of its US Construction Services Group, responsible for the construction, power and the environmental practices. 8 November 2017
Insurance
Zurich-based Swiss Life is facing investigations by the US Department of Justice (DoJ) over its potential role in helping US citizens to avoid paying taxes. 14 September 2017
Insurance
Syndicate Research Limited (SRL) has placed Lloyd's syndicate 4444 (Canopius Managing Agents Limited) under review for possible downgrade after confirmation that Sompo Canopius is due to be acquired by a private equity consortium led by Centerbridge Partners in the first quarter of 2018. 14 September 2017
Alternative Risk Transfer
End investors, ILS funds, and buyers – the three groups active in ILS – have predominantly weathered 2017 loss activity with a view that reinsurance products backed by ‘alternative’ capital have become mainstream, according to a new Global ILS Market Survey by Willis Towers Watson. 22 October 2018
Insurance
Markel Global Insurance, a division of specialty insurer Markel Corporation, has hired John Ferguson as a director of the New York-based US excess casualty team. 21 July 2017
News
Hannover Re has raised its group net income estimates for 2017 to €950 million from €800 million and set a new target for the current financial year. 7 February 2018
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