News

Insurance

S&P warns on inherent risks of Arch’s $3.4bn push into mortgage insurance

S&P Global Ratings has warned of the execution risks inherent in Arch Capital Group’s $3.4 billion acquisition of American International Group’s (AIG) mortgage insurer, United Guaranty Corporation (UGC) and placed Arch’s ratings on negative outlook as a result.   17 August 2016

Insurance

Brexit: Preparing for uncertainty

Now that the immediate post-referendum dust has settled, the re/insurance industry is taking a close interest in the nature of the UK’s negotiations around leaving the EU and what it will mean for cross-border trade. Intelligent Insurer reports.   16 August 2016

Insurance

Arch further diversifies into mortgage insurance with $3.4bn deal

Arch Capital Group is to further expand its footprint in the mortgage insurance market by acquiring two businesses from American International Group (AIG) for around $3.4 billion.   16 August 2016

Insurance

Allied World appoints VP to serve as country manager in Malaysia

Allied World Asia-Pacific, a subsidiary of Allied World Assurance, has appointed Ramesh Sivanathan as vice president (VP), and country manager in Malaysia, based in Kuala Lumpar.   11 August 2016

Insurance

Zurich hires former regional officer from Generali as CEO for Asia Pacific

Zurich has expanded its Asia-Pacific operations with the appointment of Jack Howell as regional chief executive officer (CEO), effective September 1.   11 August 2016

Insurance

Allied World appoints former AIG energy exec

Allied World Global Markets, a subsidiary of Allied World, has appointed Rob Kuchinski as its senior vice president, head of international property.   9 August 2016

Insurance

AIG’s profits rise but tighter risk selection shrinks P/C business

AIG enjoyed a substantial increase in its profits in the second quarter of 2016, but its net premiums written and combined ratio for its property/casualty business suffered.   3 August 2016

Insurance

LSM hires former XL Catlin exec as head of Europe

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kadidja Sinz as head of Europe.   1 August 2016

Insurance

Berkshire Hathaway launches cyber liability insurance in New Zealand

Berkshire Hathaway Specialty Insurance Company (BHSI), has introduced its cyber liability insurance office in New Zealand and appointed Ian Marshall as senior underwriter, executive and professional lines.   28 July 2016

Insurance

AIG UK updates D&O coverage for Brexit

AIG UK, a subsidiary of American International Group, has updated its directors and officers (D&O) policies regarding residency and repatriation costs associated with Brexit.   28 July 2016

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