News
Insurance
Bermuda-based Sirius International Insurance Group has entered into a three-year $300 million senior unsecured revolving credit facility through its indirectly wholly-owned subsidiary Sirius International Group. 12 February 2018
Insurance
American International Group (AIG) reported a net loss of $6.66 billion for the fourth quarter of 2017, compared to a net loss of $3.04 billion in the prior-year quarter. 9 February 2018
Insurance
Shares of Bermuda-based insurer XL Group jumped following news that it is attracting interest from rivals including Allianz of Germany. 8 February 2018
Insurance
French reinsurer SCOR improved risk-adjusted pricing by 3 percent at the January 2018 renewals compared to 2017. 8 February 2018
Insurance
A record-breaking catastrophe year 2017 has allowed Beazley to increase reinsurance prices by 3 percent in non-US business and 8 percent in US business at January 2018 renewals. 8 February 2018
Insurance
The Insurance Council of Australia (ICA) has made three new appointments to its board of directors. 8 February 2018
Insurance
Cyber insurance brings opportunities for business growth and diversification for some insurers, but could be a credit negative for others given the potential to generate larger future losses, according to Fitch Ratings. 7 February 2018
Insurance
Re/insurer QBE is realigning its operating model to take a more customer-centric approach. The move has resulted in several people moves, and creation of two new portfolios in its Australian and New Zealand operations. 7 February 2018
Insurance
Hannover Re has expanded the premium volume in traditional property/casualty (P&C) reinsurance by 12.7 percent, according to a Feb. 7 press release. 7 February 2018
Insurance
Assured Guaranty has entered into a $13.5 billion reinsurance agreement with Syncora Guarantee (SGI), the wholly-owned New York financial guarantee insurance subsidiary of Bermuda-based Syncora Holdings. 6 February 2018
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