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Insurance
XL Catlin appoints global property chief underwriting officer
Re/insurer XL Catlin has promoted Tim McMahon to the position of global chief underwriting officer (CUO) for property insurance with effect from May 1.   20 March 2017
Insurance
Travelers expects $62m hit from UK Ogden rate slash
US property/casualty insurer Travelers has estimated the impact of UK’s personal injury Ogden discount rate at $62 million.   20 March 2017
Insurance
US thunderstorm property losses as high as from hurricanes
The risk to US property from thunderstorms is as high as from hurricanes, according to a Willis Re report.   20 March 2017
Insurance
KKR and CDPQ in $4.3bn USI Insurance takeover deal
Private equity firm KKR and Canada-based Caisse de dépôt et placement du Québec (CDPQ) are set to acquire US insurance brokerage and consulting firm USI Insurance Services.   17 March 2017
Insurance
Strong M&A in 2017 driven by UK asset sales and demand in APAC
Insurance assets for sale in the UK due to Solvency II and demand for acquisitions in Asia Pacific (APAC) are set to drive M&A activity in 2017, according to accounting and advisory firm KPMG.   17 March 2017
Insurance
NAIC questions EU-US reinsurance covered agreement, considers renegotiation
The US state insurance regulator National Association of Insurance Commissioners (NAIC) is asking for clarifications on the negotiated covered agreement between the EU and the US which removes collateral and local presence requirements for reinsurers from the opposite side of the Atlantic, and suggested that the agreement might have to be renegotiated.   17 March 2017
Insurance
Munich Re invests in technology to generate growth
Munich Re is investing in technology and actively preparing and searching for growth opportunities to revert the current shrinking process.   17 March 2017
Insurance
Beazley hires XL Catlin exec as head of specialty lines for LatAm
Specialist insurer Beazley has appointed Najib Bousakr to spearhead the growth of its specialty lines business in Latin America.   17 March 2017
Insurance
Ironshore boosts Americas M&A cover capacity to $150m; hires team
Bermuda-based Ironshore has expanded its mergers and acquisitions (M&A) capabilities with a team of new hires in the Americas and extended cover capacity.   17 March 2017
Insurance
ICA appoints Suncorp insurance CEO as president and new execs to board
The Insurance Council of Australia (ICA) has appointed Suncorp's insurance CEO Anthony Day as its president and chairman of the board.   17 March 2017

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