News
Insurance
After China took control of Anbang Insurance Group, the China Banking Insurance Regulatory Commission has approved a plan to inject ¥60.804 billion ($9.65 billion) of capital into the company while seeking new investors. 4 April 2018
News
Reinsurers’ 2017 profitability declined to the lowest level since 2005, when the industry was affected by hurricanes Katrina, Rita and Wilma, Moody’s said in an April 2 report. 3 April 2018
Alternative Risk Transfer
Cybersecurity is a generational exposure, according to Rick Welsh, CEO of Sciemus, but Bermuda has a chance to lead in dealing with it—and ILS could have a part to play. 29 March 2018
Alternative Risk Transfer
2017 was a record-breaking year for ILS—and Bermuda again led from the front in terms of being both the domicile of choice for the special purpose vehicles issuing ILS and a hub of innovation for new structures and risks. 28 March 2018
Insurance
Specialty insurer Markel Corporation has named Kara Owens as managing director, global cyber executive. 28 March 2018
Insurance
Broker Aon UK has appointed Nathan Shanaghy as chief operating officer (COO), replacing David Ledger, who will retire at the end of March after 21 years with the company. 23 March 2018
Insurance
The board of London & International Insurance Brokers’ Association (LIIBA) has appointed Roy White as its new chair after having served three years as vice chairman. 23 March 2018
Insurance
Austria-based Vienna Insurance Group (VIG) has grown premiums and profit in 2017 driven by its focus on Central and Eastern Europe (CEE), according to a company statement. 23 March 2018
Insurance
Rating agency AM Best has downgraded Canopius Reinsurance after it reviewed the firm following its acquisition by Centerbridge Partners. 23 March 2018
Insurance
A joint investigation by the California Department of Insurance and US Immigration and Customs Enforcement's Homeland Security Investigations has resulted in an alleged $1.9 million scam where the suspects submitted fraudulent life insurance applications to take advance commissions from insurance companies. 23 March 2018
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