News
Insurance
The new digital player that Allianz is creating in Europe is set to serve as an example of what the existing agent-based units could achieve if they modernize processes, CEO Oliver Bäte said during a Nov. 30 press conference. 30 November 2018
Alternative Risk Transfer
Insurance-linked securities (ILS) issuance volume declined 26 percent year on year to $5.1 billion of new risk capital issued in the second quarter of 2018, according to the latest Bermuda Insurance-Linked Securities (ILS) Market Report. 30 November 2018
Insurance
AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+” from “a-” of Puerto Rico-based Integrand Assurance Company while placing the Credit Ratings (ratings) under review with negative implications. 30 November 2018
Insurance
AM Best has removed from “under review with negative implications” the rating of Sirius Bermuda Insurance Company, Sirius International Insurance Corporation and Sirius America Insurance Company as the Nasdaq listing of the group boosts the independence from its Chinese parent. 30 November 2018
Insurance
Re/insurance broker Miller has hired Laurence Guguen for its credit and political risks team to grow its structured trade and commodity finance capabilities. 30 November 2018
Insurance
UK-based Allianz Insurance, part of the Allianz Group, has appointed Helen Bryant to the role of director of SME (small and medium-sized businesses) and corporate partnerships. 30 November 2018
Insurance
US insurer WR Berkley has appointed Brad Nieland as president and CEO of Berkley Accident and Health. 30 November 2018
Insurance
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Labuan Reinsurance. 30 November 2018
Insurance
RKH Specialty, part of the Hyperion Insurance Group, has appointed Julian Franzman as head of marine cargo, hull and liabilities for Asia Pacific. 29 November 2018
Insurance
AXIS Insurance, the insurance business segment of Bermuda-based AXIS Capital Holdings, is consolidating its global cyber and technology unit under the leadership of Dan Trueman. 29 November 2018
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