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Insurance
Wilton Re, a US life re/insurer, has completed the previously announced acquisition of Continental Assurance Company (CAC) from CNA Financial Corporation (CNA). 4 August 2014
Insurance
Broker Willis has appointed Nick Dussuyer as global head of Willis’s natural resources industry. 3 August 2015
Insurance
JLT Specialty has poached over 20 Willis executives to fill its specie, fine art and jewellery ranks. 2 April 2015
Insurance
The mortgage reinsurance markets have continued to develop and mature to the extent this product now represents a mainstream line of business for the growing number of reinsurers operating in the space, Joe Monaghan, leader of Aon Benfield’s US credit & guaranty, and government practice, told PCI Today. 16 October 2017
Insurance
Reinsurers and large insurers are at risk of being hit by unexpectedly large losses stemming from a large cyber attack on a par with substantial hurricane losses in the US—because they do not understand their aggregations to this exposure. 16 October 2017
Insurance
While the industry has enough capital to handle the losses from the recent hurricanes, even at the higher end of estimates, it will be the psychology of the market that will determine potential changes in rates, with the fear factor having an important role to play, Brian Schneider, Fitch Ratings’ global head of reinsurance, told PCI Today. 16 October 2017
Insurance
A planned revision of the Ogden discount rate from 2.5 percent to negative 0.5 percent would particularly affect UK motor reinsurers as they would likely experience a material one-off reserve charge of approximately £4.9 billion, according to analysis by Willis Towers Watson. 20 February 2017
Insurance
Hurricane Matthew will represent a real test of reinsurers’ exposures and resilience as it has the potential to erode some of the global reinsurance sector's excess capital, according to a report by S&P Global Market Intelligence. 7 October 2016
Insurance
Willis has appointed Philip Smaje as chief broking officer for Willis GB, the operating segment that includes Willis’s UK retail insurance business, facultative and London specialty businesses. 20 January 2015
Insurance
Samson Rathaur, the recently appointed senior marine risk consultant at Allianz Global Corporate & Specialty (AGCS) talks to Intelligent Insurer about his love of the sea, getting a better family balance and enjoying a good cook-off. 18 November 2015
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