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Insurance
Rating agency Standard & Poor's (S&P) has upgraded Zurich Insurance’s outlook to positive following a review of the group’s non-life reserves and internal economic capital model. 3 October 2014
Insurance
Brokers are potentially missing out on key revenue opportunities from ancillary insurance lines such as motor breakdown cover. 2 October 2014
article
Swiss reinsurer SI Re has appointed Patrick Shumacher as chief financial officer (CFO) and member of the executive team. He succeeds Beat Landtwing who has retired after ten years with SI Re. 1 October 2014
article
ACE has expanded its European surety business to Germany with the appointment of Charles Villette as surety underwriting manager. 30 September 2014
Alternative Risk Transfer
Rating agency AM Best has published new draft rating criteria for insurance-linked funds (ILF) and is seeking comments from market participants. 30 September 2014
article
Rating agency AM Best has placed Gulf Reinsurance under review with negative implications. The ratings will be reviewed again by the end of November 2014. 23 September 2014
Alternative Risk Transfer
Standard & Poor’s (S&P) has placed a cat bond with exposure to the area hit by Hurricane Odile on creditwatch with negative implications. 22 September 2014
Insurance
Adam Podlaha, head of Aon Benfield’s catastrophe model development centre, Impact Forecasting, tells Intelligent Insurer how the increased use of open models is paving the way for new perils, while bringing transparency and regulatory benefits to clients. 16 September 2014
News
While the world’s largest, global, cedants are retaining more risk on their own balance sheets and buying less reinsurance, the reverse dynamic is true when it comes to smaller, regional players, believes Andrew Marcell, chief executive of the US operations of Guy Carpenter. 15 September 2014
News
The apparent soft market conditions do not reflect the positive underwriting results of reinsurers, according to Stuart Shipperlee, partner, Litmus Analysis. 15 September 2014
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