News

Insurance

AM Best downgrades Maiden Re following sale of US unit to Enstar

The financial strength ratings of Maiden Re and its US operating subsidiary Maiden Reinsurance North America have been downgraded to B++ from A- by AM Best in response to strategic changes at the company.   15 November 2018

Insurance

Airmic appoints new CEO replacing John Hurrell

Airmic, the UK-based insurance and risk management association, has appointed John Ludlow as the new CEO with effect from June 13.   6 April 2017

Insurance

Barbican hires WR Berkley exec as head of casualty

Barbican Protect, the UK retail arm of Barbican Insurance Group, has appointed Rob Wadey as head of casualty.   3 March 2016

Insurance

VIG merges units to boost bancassurance

Vienna Insurance Group (VIG) is merging two of its Czech group companies and units in Croatia following similar steps in Hungary, Slovakia and Austria.   15 December 2017

Insurance

R&Q completes Cayman novation of liabilities

Randall & Quilter (R&Q), the insurance services and investment company, has completed the novation of liabilities from Cayman-domiciled Golden Rule.   24 December 2015

Insurance

US nat cat prices to increase 10% due to above average losses in 2017

Bernstein analysts expect US nat cat prices to increase by an average of 10 percent and US commercial property to go up by on average 5 percent as a result of insured losses caused by Hurricane Irma, Harvey and Maria.   4 October 2017

Insurance

Buyers and brokers: further rate reductions are unhelpful

There will be less talk of rate reductions in Baden-Baden this week as buyers and brokers have both accepted that further reductions will not help the market, Geoffrey Peach, executive vice president of TransRe Europe and chief executive of TransRe London, told Baden-Baden Today.   24 October 2016

Insurance

ACE appoints MENA MD

ACE has appointed Mojgan Khoshabi as regional managing director for ACE in the Middle East and North Africa (MENA).   8 June 2015

Insurance

Blockchain: moving from hype to reality

The potential of blockchain has been the subject of much debate in the reinsurance world, but it is about to bring concrete benefits to early adopters, says David Edwards of ChainThat.   11 September 2018

Alternative Risk Transfer

Hannover Re expands its ILS activities

Germany’s Hannover Re said on July 12 that it completed three transactions as part of its insurance-linked securities (ILS) activities.   12 July 2017

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