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Insurance
Netherland-based insurance group Aegon has announced key changes to its management as its chief executive officer (CEO) Central & Eastern Europe and board member Gábor Kepecs is set to retire early next year. 16 December 2016
Insurance
In a market that is ever-more challenging for insurers, the potential for risk accumulation and unexpected correlations has never been higher, according to a new report by AM Best. 16 December 2016
Insurance
Specialist re/insurance broker Miller has appointed Tiziano Migliorino as an executive associate with a broking and business production role in its professional lines capabilities, based in London. 16 December 2016
Insurance
Two of the major rating agencies have reaffirmed the financial strength rating of Asia Capital Re in the aftermath of its parent, ACR Capital Holdings, being acquired by Chinese investment companies Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings. 16 December 2016
Insurance
XL Catlin has made two key appointments in its accident and health insurance teams in Europe. Stefano Chiurlo has been hired to head Italy operations and José Luis Gómez Banovio for Iberia. 15 December 2016
Insurance
The chief executive of Probitas Syndicate 1492 at Lloyd’s has said the syndicate may move to find a buyer for the capacity and shareholding in Probitas provided by Istmo Compañía de Reaseguros (Istmo Re), the Panama reinsurer now under regulatory supervision in its home market. 15 December 2016
Insurance
Broker Willis Towers Watson has promoted Mary O'Connor to lead its client and business development function in the UK, and join the company’s board. 15 December 2016
Alternative Risk Transfer
Sharing data will not inhibit an individual insurer’s business, but rather will promote business across the entire industry, says Tom Johansmeyer of ISO/Verisk Insurance Solutions and Rachel Anne Carter of Carter Insurance Innovations. 15 December 2016
Alternative Risk Transfer
Soft market pressures, a prolonged low interest rate environment, low barriers to ILS capital entering the sector, the digital economy, tepid GDP growth… Hiscox Re’s Bill Lazzaro argues that how we respond to the current challenges in the reinsurance sector will define our future. 15 December 2016
News
Istmo Compañía de Reaseguros (Istmo Re), the Panama reinsurer which backs Probitas Syndicate 1492 at Lloyd’s, has been downgraded to ‘E’ from ‘B’ by AM Best following the intervention of its regulator in Panama. 15 December 2016
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