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Insurance
Neon names head of marine
Neon has appointed Angus Wilson as head of marine, effective September 30.   10 October 2016
Insurance
A quarter of reinsurers face operating loss if Matthew is 1-in-50-year event
Hurricane Matthew will represent a real test of reinsurers’ exposures and resilience as it has the potential to erode some of the global reinsurance sector's excess capital, according to a report by S&P Global Market Intelligence.   7 October 2016
Insurance
Blue Marble to test viability of microinsurance in Africa
Blue Marble Microinsurance, a body of eight companies aimed at creating a market for microinsurance, has made its first venture in Zimbabwe, with the aim of providing drought protection to smallholder maize farmers.   7 October 2016
Insurance
Typhoon Chaba strikes southern coast of South Korea
After battering Japan’s Okinawa Prefecture with high winds and heavy rain on October 3, Typhoon Chaba moved north and east to Jeju Island and the southern coast of South Korea, according to catastrophe modeling firm AIR Worldwide.   6 October 2016
Insurance
Asia Capital Re’s financial strength in question following China deal
The financial strength ratings (FSR) of Asia Capital Re have been placed under review with developing implications by AM Best and on CreditWatch with negative implications by S&P Global Ratings.   6 October 2016
Insurance
M&A: Search for scale to drive activity
In the current challenging soft market and low interest rate environment, large re/insurance companies are in an advantageous position as they can better absorb the pressure and find alternative income sources. Search for scale is therefore likely to drive M&A activity in the coming years, Intelligent Insurer reports.   6 October 2016
Insurance
AIG EVP steps down; successor is named
American International Group (AIG) has appointed Peter Solmssen as executive vice president (EVP) and general counsel, effective October 18.   6 October 2016
Insurance
Willis Re appoints managing director for its specialty analytics service
Willis Re has appointed Printhan Sothinathan as managing director, head of Willis Re Specialty Analytics, effective January 2017.   5 October 2016
Insurance
Channel Insurance Brokers adds director to board
Channel Insurance Brokers (CIB), part of the PIB Insurance Group, has appointed Tony De Sousa to its board of directors, effectively immediately.   5 October 2016
Insurance
Hamilton sells its Lloyd’s insurance broker
Hamilton UK Holdings, a subsidiary of Hamilton Insurance Group, has completed the sale of Lloyd’s insurance broker Kinetic Insurance Brokers to Torlea Group, a London-based holdings company.   5 October 2016

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