News
Insurance
Texas-based Insurors Indemnity Companies, which specialises in surety and commercial property/casualty insurance for midsize and smaller businesses, has appointed a new chief executive. 4 March 2015
Alternative Risk Transfer
As the pandemic stress test continues, re/insurers are preparing for what comes next, including expectations of a hardening market. This is driving a growing trend for equity raises, with some building war chests and some taking advantage of new opportunities, while others look to protect their credit rating in a fight for survival. Intelligent Insurer reports. 12 June 2020
Insurance
Re/insurance broker Aon has appointed John Cullen, currently chief financial officer of its global risk solutions segment, as chief executive of Aon Risk Solutions (ARS) EMEA. He will replace Rob Brown. 5 October 2015
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
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