News
Insurance
Reinsurers’ underwriting performance declined in the first half of 2016 due to higher natural catastrophe losses – and the negative trend is set to continue into 2017, according to Fitch Ratings. 10 October 2016
Insurance
In the current challenging soft market and low interest rate environment, large re/insurance companies are in an advantageous position as they can better absorb the pressure and find alternative income sources. Search for scale is therefore likely to drive M&A activity in the coming years, Intelligent Insurer reports. 6 October 2016
Insurance
Barbican Insurance Group has appointed Adam Wickens as class underwriter for financial and professional lines. 22 September 2016
Insurance
Aspen US Insurance, a subsidiary of Aspen Insurance Holdings, has appointed Michael Feighan as US head of accident and health (A&H). 21 September 2016
Insurance
Lloyd’s and the Lloyd’s Market Association (LMA) have made a deal with US hurricane model provider Applied Research Associates (ARA), which will provide its Hurloss hurricane model and Middle East earthquake model to subscribing managing agents on a shared service basis. 19 September 2016
Insurance
Chubb has expanded its cyber risk engineering capabilities in the UK and Ireland, as it continues to invest its enterprise risk management proposition for the region. 16 September 2016
Insurance
XL Catlin’s insurance operations has appointed Wilson Yeo as property manager for Singapore. 15 September 2016
Insurance
More mergers and acquisitions (M&A) are likely in the industry with deals going to emerge in the last quarter of 2016 and the first quarter of 2017, Arthur Wightman, PwC Bermuda leader and insurance leader for Bermuda & the Caribbean, told Monte Carlo Today. 14 September 2016
Insurance
While rates are showing signs of flattening out, the soft market is far from over and reinsurers are having to make tough choices on retaining market share versus protecting profits. Intelligent Insurer reports. 10 September 2016
Insurance
Allianz Global Corporate & Specialty (AGCS) has expanded its environmental impairment liability (EIL) team with senior hires in the North American and Mediterranean regions. 8 September 2016
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