News
Alternative Risk Transfer
Allianz Global Corporate & Specialty (AGCS) has appointed Paul Schiavone as global head of its alternative risk transfer (ART) business, taking over from Bill Guffey who is leaving after 15 years to pursue opportunities outside the company. 20 November 2017
Insurance
Aspen Insurance has closed its Bermuda-based US property insurance unit following high natural catastrophe losses in 2017 that included the recent wildfires in California. 19 February 2018
Alternative Risk Transfer
US-based property/casualty insurer Travelers has increased its catastrophe bond coverage to take advantage of the favourable pricing environment while reducing traditional reinsurance purchase, Travelers chief financial officer Jay Benet said during the second quarter 2018 conference call. 23 July 2018
Insurance
Qatar’s second largest insurer, The Qatar General Insurance & Reinsurance Company (QGIR), will distribute a 20 percent share bonus following a successful year which saw the company increase its net profit to QR 2.1 billion in 2013 compared with QR 175.5 Million in 2012. 17 March 2014
Insurance
As UK’s Prime Minister Theresa May signs the letter that will formally begin the UK's departure from the European Union, the insurance industry is expected to accelerate its plans to adapt their business and move operations in order to be able to service their clients within the European Union. 29 March 2017
Insurance
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
French insurance group AXA is acquiring the remaining 50 percent stake in AXA Tianping Property & Casualty Insurance Company that it does not already own, for a total consideration of ¥4.6 billion (€584 million). 27 November 2018
Insurance
Lloyd's of London has appointed The Zygos Partnership, an executive search firm specialising in finding chairmen, to assist in finding a successor to John Nelson, its current chairman. 13 June 2016
Insurance
Advent Solutions, the holding company for Advent Solutions Management, has appointed Charles Earle as non-executive chairman. 16 November 2015
Alternative Risk Transfer
Forecasters are predicting a higher likelihood of an above-normal hurricane season for 2017, and they increased the predicted number of named storms and major hurricanes, according to the National Oceanic and Atmospheric Administration (NOAA). 11 August 2017
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