News
Insurance
Fitch Ratings has placed the ratings of Marsh & McLennan Companies (MMC) on Rating Watch Negative following its agreement to acquire Jardine Lloyd Thompson Group (JLT) for roughly $5.6 billion. 24 September 2018
Insurance
Century Underwriting, a specialist commercial managing general agent (MGA), has expanded its product offering to include liability and environmental impairment liability. 15 February 2017
Insurance
Moody’s Investors Service has warned that the Ogden discount rate of minus 0.25 percent, revealed today by the UK’s Lord Chancellor, will mean a “one-off hit to earnings” for reinsurers that have been working to expectations of a new rate between zero and 1 percent. 15 July 2019
Insurance
Shares of Bermuda-based insurer XL Group jumped following news that it is attracting interest from rivals including Allianz of Germany. 8 February 2018
Insurance
US-based commercial insurance provider CNA has created a new, centralised affinity programmes unit within CNA Specialty to build on the company's expertise in affinity and delegated underwriting programmes. 15 June 2017
Alternative Risk Transfer
Markel CATCo Investment Management plans to increase the specific loss reserves held by the company related to the 2017 loss events namely hurricanes Harvey, Irma, Maria (HIM) and the California wildfires that year. 10 December 2018
Insurance
Lloyd’s insurer Novae Group has expanded its cyber team with the appointment of Stuart Quick as breach response and cyber operations manager. 16 May 2017
Insurance
The Singapore Reinsurers’ Association (SRA) has re-elected Validus Re’s CEO of Asia Pacific and executive vice president Marc Haushofer as the chairman of its executive committee for another term. 14 June 2017
Insurance
CopperPoint Insurance Companies, a provider of workers compensation coverage, has named Mark Joos as its new chief financial officer. 14 June 2017
News
Reinsurers have returned more capital to shareholders in the first half of 2017 than they earned, according to the September Willis Re Reinsurance Market Report. 6 September 2017
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