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Insurance
Insurance software provider Sapiens International has expanded its footprint in the Nordic region by establishing a new head office in Copenhagen, Denmark and hiring a regional director. 14 December 2016
Insurance
RenaissanceRe’s senior vice president, chief investment officer and treasurer, Todd Fonner is stepping down as of end of March 2017; the company is now assigning his responsibilities to two of its senior executives. 14 December 2016
Insurance
Marsh has reached an agreement to acquire AD Corretora de Seguros, an insurance broker in the state of São Paulo. 14 December 2016
Insurance
Bermuda-based specialty insurer Axis Capital has appointed Conrad Brooks as general counsel, succeeding Richard Gieryn Jr, who is retiring following 14 years at the company. 14 December 2016
Insurance
Italian insurer Generali has promoted Marco Sesana to the position of country manager for Italy and appointed Timothy Ryan as its group chief investment officer (CIO). 13 December 2016
Insurance
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
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 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
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, 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
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