News

Insurance

Credit ratings agency AM Best upgrades reinsurer PartnerRe on strength of balance sheet

Global credit ratings agency AM Best has upgraded PartnerRe and its operating subsidiaries to the financial strength rating (FSR) A+ (Superior) from A (Excellent), while the group’s long-term issuer credit ratings (LTICR) has improved to “aa-” from “a+”.   6 August 2019

Insurance

Markel gains Lloyd’s India reinsurance licence

Specialist insurer Markel International has been granted a licence by the Insurance Regulatory and Development Authority of India (IRDAI) to write reinsurance business in the country.   11 June 2018

Insurance

XL Catlin swoops for AXA exec to boost broker management

Re/insurer XL Catlin has appointed Elie Hanna as head of central broker management.   1 March 2018

News

Australian terror reinsurance pool increases private retro participation

Australia’s terrorism insurance scheme administrator, Australian Reinsurance Pool Corporation, has increased the private participation in retrocession reinsurance cover at renewals for 2018.   1 March 2018

Insurance

AXIS Capital outlook revised to negative post Novae acquisition

S&P Global Ratings has revised the outlook for Bermuda-based AXIS Capital Holdings to negative from stable, reflecting its concerns that AXIS' capital redundancy will significantly diminish after the deal acquisition of Novae Group.   10 July 2017

Insurance

XL Catlin poaches AIG executive to head global programmes

XL Catlin has appointed Sonja Ochsenkuehn as head of global insurance programmes. She will be based in New York.   10 July 2017

Insurance

MetLife Japan CEO Shah departure causes leadership reshuffle

Insurer MetLife has appointed new leaders for Japan and the EMEA region following the departure of Sachin Shah, chairman, president and CEO of MetLife Japan.   5 December 2018

Insurance

Protectionist measures harm jurisdictions

Free trade environments for re/insurers are under threat from jurisdictions adopting more protectionist measures—but many such regimes may actually hurt the very economies they aim to protect.   31 October 2017

Insurance

Castel lures Amlin exec

Castel Underwriting Agencies, the club-style managing general agent (MGA) formation platform, has appointed James Nugent as its first chief underwriting officer.   1 July 2015

Insurance

Allianz sells 33% in China unit

Allianz has sold a 33 percent stake in its China unit to Chinese online retailer JD.com, according to a Reuters April 16 report.   17 April 2018

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