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Insurance
Broker Willis Towers Watson (WTW) has completed the acquisition of OAAGC's team and book of business following a week-long negotiation with the French aviation brokerage firm. 2 March 2017
Insurance
Bahrain regulated reinsurer Arab Insurance Group (Arig) has received a license from Dubai Financial Services Authority to operate its wholly owned new reinsurance subsidiary Arig Insurance Management (AIM) which will mainly focus on facultative specialty lines with underwriting authority from Arig. 2 March 2017
Insurance
Ratings agency AM Best said it will monitor the situation after Bermuda-based Maiden Holdings delayed the filing of the company’s 2016 annual report by up to 15 days. 2 March 2017
Insurance
US-based property/casualty insurer Liberty Mutual Holding Company reported attributable net income of $1.01 billion for 2016, an increase of $492 million versus the same period in 2015. 2 March 2017
Insurance
Bermuda-based XL Group has said that it expects the UK’s Ogden rate change decision to cost the re/insurer around $75 million. 1 March 2017
Insurance
Enstar Group enjoyed a profitable 2016 and also solid growth. But it also warned that if pricing in many lines of business continues to deteriorate, its underwriting margins may suffer and it may need to write less premium in certain lines of business. 28 February 2017
Insurance
American International Group (AIG) has appointed Rose Marie Glazer as vice president, deputy general counsel and corporate secretary. She succeeds Jeffrey Welikson, who is retiring. 28 February 2017
News
JLT Re, the reinsurance arm of Jardine Lloyd Thompson Group, managed solid growth in 2016, partly boosted by two acquisitions, and improved profits as it overcame continued declines in pricing across most classes of business. 28 February 2017
Insurance
StarStone, which was formerly known as Torus and which is now owned by Bermuda-based Enstar, has almost doubled its profits in 2016 despite what it described as challenging circumstances. 28 February 2017
Insurance
Deanna Mulligan, the CEO of Guardian Life Insurance Company of America, has stepped down from the board of directors of Arch Capital Group. 27 February 2017
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