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Sompo Japan Canopius Reinsurance has been assigned financial strength ratings (FSR) of ‘A’ (Excellent) from AM Best and ‘A+’ from Standard & Poor’s (S&P). 26 November 2015
News
Although market conditions in Europe remain competitive and rates in many lines are soft, Hong Kong-based Peak Re has found cedants in Europe receptive to working with an Asian reinsurer because of the diversity it offers on their panels and its innovative approach. 19 October 2015
Insurance
AXIS Capital is to acquire Lloyd's insurer Novae Group for £468 million ($604 million) in an all-cash deal based on paying 700 pence per Novae share. The transaction is expected to close in the fourth quarter of 2017. 6 July 2017
Insurance
The ongoing friction between customers and their insurers has led to a “huge degradation of trust”. 21 September 2017
Insurance
Speciality MGA Fiducia has teamed up with Lloyd’s insurer Atrium Underwriting to produce a new terrorism product which will allow brokers to offer specific cover to their clients of all sizes. 5 July 2017
Insurance
Traditional insurers are too slow to react to trends in the sector and managing general agents (MGA’s) may be able to adapt more quickly and efficiently, offering the necessary expertise and potentially making the insurer’s underwriting capabilities become obsolete, according to a panel discussion at the 2017 Managing General Agents’ Association conference. 5 July 2017
Insurance
Lloyd’s of London’s pre-tax profit halved in the first six months of 2018 due to a lower investment return and despite an improvement in the combined ratio. 21 September 2018
Insurance
Cyber risk is now the second biggest concern across all business sizes and industries, and the percentage of businesses reporting they have been the victim of a cyber attack has doubled, according to the latest results of the 2018 Travelers Risk Index complied by The Travelers Companies. 21 September 2018
Insurance
Aon Benfield has enticed Linley Ah-Chung, the managing director of analytics at Willis Re Specialty. 20 January 2015
Insurance
XL Catlin’s insurance operation has appointed Robert Peretti as senior vice president (SVP), head of broker and client management in the Americas. 16 October 2015
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