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Draycott to replace Hearn as Ed CEO
Insurance
Reinsurance, wholesale and specialty broker Ed has appointed Andrew Draycott as CEO-designate of Ed Broking in London.   10 December 2018
XL Group upgraded by AM Best following AXA takeover
Insurance
AM Best has removed from “under review with developing implications” and upgraded the credit ratings of XL Group.   7 December 2018
Global reinsurance outlook upgraded by AM Best
Alternative Risk Transfer
AM Best has revised its market segment outlook for the global reinsurance industry to stable from negative for 2019.   6 December 2018
Insurance
Richard Milner, formerly president and chief underwriting officer of AXIS Re London & Asia-Pacific has joined VIBE Reinsurance (VIBE Re) as its first CEO.   6 December 2018
Insurance
American International Group (AIG) has appointed Sachin Shah as chief executive officer (CEO) of Asia Pacific, AIG General Insurance.   5 December 2018
Insurance
Zurich Insurance Group is on track to achieve its 2017-2019 financial targets, management said on Dec. 5, 2018.   5 December 2018
Insurance
UK-based RSA Insurance Group is transferring its European insurance business to its new Luxembourg office in preparation for Brexit.   4 December 2018
Insurance
Barbican Insurance Group has appointed Emma Watson as class underwriter for property treaty from CNA Hardy.   4 December 2018
Insurance
AM Best has changed the Financial Strength Rating (FSR) to a Non-Rating Designation of F (In Liquidation) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “f” from “a-” of California-based Merced Property & Casualty Company.   4 December 2018
Insurance
Rating agency AM Best has unveiled its new subsidiary AM Best (EU) Rating Services, based in Amsterdam, the Netherlands.   3 December 2018

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