News

Insurance

Marsh & McLennan controller to depart; successor named

New York-based Marsh & McLennan Companies (MMC) has appointed Stacy Mills as its new vice president and controller. She will also serve as the firm’s chief accounting officer.   18 December 2017

Insurance

S&P warns on Swiss Re ReAssure ratings as parent ponders IPO

S&P Global Ratings has placed the 'A-' ratings of Swiss Re ReAssure (SRRAL) on Credit Watch Negative, following the announcement by its parent Swiss Re Group that it is exploring the possibility of an initial public offering (IPO) of the UK closed-book consolidator ReAssure (not rated).   8 August 2018

Insurance

India's GIC Re files for potential $1bn IPO

State-owned reinsurer General Insurance Corp of India (GIC Re) on Aug. 7 filed for an initial public offering (IPO) to be listed on the Bombay Stock Exchange and the National Stock Exchange of India.   7 August 2017

Insurance

CEO of Towergate owner Ardonagh mulls over IPO

The new UK insurance group The Ardonagh Group which combines Towergate, Autonet, Chase Templeton, Ryan Direct and Price Forbes may be sold or listed on the stock exchange, the CEO reportedly told The Telegraph in an Aug. 6 report.   7 August 2017

Insurance

Chubb appoints UK and Ireland head of professional indemnity

Property and casualty insurer Chubb has promoted Chris Savvas as head of professional indemnity UK and Ireland to further develop its financial lines and PI capabilities.   3 August 2017

Insurance

XL Catlin adds underwriting experts to US excess casualty unit

XL Catlin has appointed Byron Goebel and Eric Buttner as senior underwriters in its excess casualty Dallas team, and Alan Short in Kansas City.   25 January 2017

Insurance

The need for insurtech will be driven by market pressures

Insurtech, a hardening market and some further consolidation will be the main trends of 2020 for the risk transfer industry, according to a comprehensive poll of Intelligent Insurer’s online readers and other key executives from the industry.   24 December 2019

Insurance

Californian wildfires to hit P&C Q4 results: Fitch

Losses from the ongoing California wildfires will likely negatively impact fourth-quarter earnings of companies with material property exposure in the state, Fitch Ratings said.   20 November 2018

Insurance

Brit poaches Aspen underwriter into excess casualty role

Brit has hired Aspen Insurance’s vice president, primary casualty, to the role of senior vice president, excess casualty, its unit for Brit Global Specialty USA.   22 August 2017

Insurance

Reinsurers see M&A as solution for tough markets

Tough market conditions for global reinsurers is forcing them to review their long-term relevance and many are resorting to M&A to build scale, acquire expertise, and diversify, according to S&P Global Ratings.   24 August 2018

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