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The Financial Conduct Authority (FCA) has found significant failings in the control and oversight of appointed representatives by their principal firms in the general insurance market. 25 July 2016
Insurance
XL Catlin has appointed Mike Soper as western regional leader of the company’s broker and client management team, Mark Restrepo as its underwriting director for global risk management and Lizette Junor as underwriting director of multinational casualty programs. 25 July 2016
Insurance
AM Best has downgraded the financial strength rating (FSR) of Russian Re from B+ (Good) to B (Fair) of Russian Reinsurance Company (Russian Re). The outlook for this rating has been revised from to stable from negative. 25 July 2016
Insurance
With interest rates low and government bonds even lower, financial times have been tough for insurers and reinsurers alike. Intelligent Insurer asked five chief financial officers from some of the biggest companies in the industry about the challenges they’re facing. 22 July 2016
Alternative Risk Transfer
Natural catastrophes in the second half of 2016 could have serious impact on the returns made by the insurance-linked securities (ILS) and reinsurance linked investment markets this year, a panel of industry figures has claimed. 22 July 2016
Insurance
Insureon, an online agent for small-business insurance, has formed a managing general agent (MGA), Insureon Underwriting Managers, to operate under the company’s wholesale brokerage subsidiary, Insurance Noodle. 22 July 2016
Alternative Risk Transfer
Cyber re/insurance can be opened up to ILS investors but the underlying risks must be properly understood before they can be modelled, says Sciemus CEO Rick Welsh. 21 July 2016
Insurance
Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) has started a transactional liability unit in North America to help customers face inherent risks caused by M&A transactions. 21 July 2016
Insurance
Gen Re, a property/casualty and life/health reinsurer, and subsidiary of Berkshire Hathaway, has created a critical illness (CI) insurance start-up package for life and health insurance carriers in North America trying to enter the market. 21 July 2016
Insurance
The Middle East is still the largest producer of oil in the world, but it’s also an area that’s starting to look at a more diversified economy. Intelligent Insurer looks beyond the black gold. 20 July 2016
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