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Insurance
Swathes of rating changes unlikely for North American P/C insurers
A wide swath of rating movements for North American property/casualty (P/C) insurers due to capital pressure is unlikely, S&P Global Ratings has surmised having completed a stress test on the sector.   10 January 2018
Insurance
PE firm Blackstone unveils insurance unit and its CEO
Blackstone Insurance Solutions, a new business launched by private equity group Blackstone, has hired the former president of New York Life’s Investments Group as its chief executive.   10 January 2018
Insurance
Hiscox appoints new US CUO following departure
Specialist insurer Hiscox has appointed Eric Micheals as chief underwriting officer in the US. He replaces Nicole Goodwin, who is retiring.   10 January 2018
Insurance
US tax cuts hit insurers in Q4 but offer long-term gains
A number of US insurers have released estimates of what impact new US tax laws will have on their businesses with most anticipating immediate one-off charges but a longer-term positive effect on profits.   9 January 2018
Insurance
Ethos hires head of property from Liberty International
Ethos Specialty Insurance Services, the US managing general agency and a subsidiary of Ascot Group, has appointed Michael Carr as head of property.   9 January 2018
Insurance
Willis Re attempts to add ‘silent cyber’ to risk model
Willis Re has upgraded its cyber risk portfolio modelling tool PRISM-Re to now include what it has termed silent cyber – cyber losses arising from insurance policies not specifically designed to cover cyber risk.   9 January 2018
Insurance
Australian insurer Ensurance secures regulatory approval in UK
Australian construction insurer Ensurance has gained regulatory approval to operate as a MGA and also made a series of high-profile appointments, the company has revealed in a market update.   8 January 2018
Insurance
Standard Club appoints new head of New York office
Mutual insurance association The Standard Club has appointed Leanne O’Loughlin president/regional director of Charles Taylor P&I Management (Americas), succeeding LeRoy Lambert, who has assumed the role of general counsel.   8 January 2018
Insurance
Pioneer targets Latin America with new office and hires
Pioneer Underwriters has launched a new business in Latin America. It has opened a regional hub in Mexico City and appointed four senior insurance professionals as senior vice presidents.   8 January 2018
Insurance
AI company targeting P/C raises $11.5m from PE firm
CLARA Analytics, an artificial intelligence (AI) and data science company focused on the property/casualty and disability insurance industries, has raised $11.5 million of Series A funding round led by Oak HC/FT, a private equity fund that invests in healthcare information & services and financial services technology.   5 January 2018

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