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Insurance
Lloyd’s commits to efficiency; 2017 market subscription cut by 10%
John Nelson and Inga Beale, the chairman and chief executive of Lloyd’s respectively, have confirmed that the market’s 2017 subscription will reduce by 10 percent in a joint year-end statement.   13 December 2016
Insurance
NAIC appoints new CEO; RAA welcomes experience in “complexities of international regulatory”
The National Association of Insurance Commissioners (NAIC) has appointed former Pennsylvania insurance commissioner Michael Consedine as its new chief executive officer (CEO), effective early 2017.   13 December 2016
Insurance
Guy Carpenter moves Asia-Pacific boss to London for newly created global role
Guy Carpenter has promoted James Nash to a newly-created role of president of its international division. He will relocate to London and report to the president and chief executive officer Peter Hearn.   13 December 2016
News
Signs of market bottoming outweighed by pressures; AM Best maintains negative outlook on global reinsurers
Continued market challenges will hinder the potential for positive rating actions and may translate into negative rating pressures in 2017, AM Best said as it is maintaining its negative outlook for the global reinsurance market.   13 December 2016
Insurance
Tokio Solution co-CEO leaves company as it "simplifies" management
Tokio Solution, the third party capital (TPC) arm of Tokio Millennium Re (TMR), has restructured its senior management as part of a wider review of TMR's TPC strategy.   12 December 2016
Insurance
RPC Consulting poaches Willis execs to expand in UK
RPC Consulting, the insurance consultancy arm of law firm RPC, has hired two executives from Willis Towers Watson to expand its consulting business in London.   12 December 2016
Insurance
Brit unveils changes at the top as Cloutier moves aside
Specialty insurer Brit has appointed Matthew Wilson as group chief executive officer (CEO), effective January 2017.   8 December 2016
Insurance
Same people, same problems: Majority of execs cynical on reforms at Lloyd’s
While there is a sense of cautious optimism around the reforms revealed by Lloyd’s this week, a majority of market participants believe they will not be enough to adequately change the market.   7 December 2016
Insurance
Ironshore deal will boost Liberty Mutual in strategic markets, say rating agencies
The rating agencies have started to react to the news that Liberty Mutual will acquire Ironshore – just over a year after Fosun International, China’s biggest conglomerate, acquired the remaining 80 percent stake in the Bermuda-based property/casualty insurer.   6 December 2016
Insurance
Rating agencies positive on Ironshore deal; could resolve financial concerns
The rating agencies have started to react to the news that Liberty Mutual will acquire Ironshore – just over a year after Fosun International, China’s biggest conglomerate, acquired the remaining 80 percent stake in the Bermuda-based property/casualty insurer.   6 December 2016

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