News
Insurance
S&P Global Ratings has placed Switzerland-based Allied World on CreditWatch with negative implications and AM Best has placed it under review with negative implications after the global specialty and property/casualty insurer agreed to a $4.9 billion acquisition by Canada’s Fairfax. 21 December 2016
Insurance
2016 has again been a benign year in terms of large catastrophe losses, but geopolitical developments have added new challenges to the sector. Intelligent Insurer asked executives from re/insurance firms including Swiss Re, Argo, AM Best and Willis Re for their opinions on the most important developments in the re/insurance industry in 2016. 21 December 2016
Insurance
Some of the pressures the re/insurance sector faced in 2016—low interest rates, uncertainties around Brexit and a soft market—are likely to persist in 2017. But some additional drivers are set to affect the performance of the sector, as described by executives from major players such as Markel, Swiss Re and Willis Re. 21 December 2016
Insurance
Bermuda-based holding company James River Group (JRG) has appointed Sarah Doran as its chief financial officer (CFO), effective January 16 next year. 20 December 2016
Insurance
The CEO of Canada-based Fairfax Financial has cited the influence of incoming US president Donald Trump as being a driver for it buying Allied World Assurance Company in a $4.9 billion deal announced December 19. 19 December 2016
Insurance
Bart Hedges, the chief executive officer of Greenlight Capital Re (GLRE), a specialist property/casualty reinsurer based in the Cayman Islands, will step down at the end of March, 2017, after 11 years with the business. 19 December 2016
Insurance
Europe’s insurers are becoming increasingly interested in infrastructure assets as they search for yield in the current low interest rate environment but opportunities are scarce. 19 December 2016
Insurance
Bermuda-based Aspen Insurance Holdings has appointed Richard Thornton to the newly-created position of group chief operating officer (COO). 19 December 2016
Insurance
Pioneer Underwriters, a subsidiary of Minova Insurance Holdings, has set up a new renewable energy underwriting capability in London, and appointed Warren Diogo to head the division. 16 December 2016
Insurance
The launch of the $620 million total return reinsurer KaylaRe has triggered numerous changes at both Enstar, the main backer of the new venture, and StarStone, its global underwriting subsidiary. 16 December 2016
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