News

Insurance

Marsh can cope with debt burden after JLT acquisition: S&P

Following an in-depth business and financial review, S&P Global Ratings believes Marsh&McLennan (MMC) will likely be committed to and able to de-lever back to a range appropriate for the firm’s current rating despite a very significant increase in debt to fund its acquisition of insurance broker JLT.   8 October 2018

Insurance

Lancashire issues Q3 profit warning after marine, cat losses

Lancashire Holdings has issued a profit warning for its third quarter 2018 results due to losses in its marine and catastrophe re/insurance portfolios.   8 October 2018

Insurance

CNA Hardy exits Lloyd’s property treaty/marine hull; senior duo departs

Specialist commercial insurer CNA Hardy has confirmed its plan to exit property treaty, marine hull and construction/erection all risks (CAR/EAR) business on the Lloyd’s platform.   8 October 2018

Insurance

Lockton Capital Markets hires experts for insurtech expansion

Broker Lockton has hired two financial services and technology experts from Citibank and Deutsche Bank for its recently launched capital markets unit.   8 October 2018

Insurance

Swiss Re unveils parametric haze solution in Singapore

Swiss Re’s commercial insurance unit Swiss Re Corporate Solutions has launched a standalone parametric-based haze insurance solution for businesses operating in Singapore.   8 October 2018

Insurance

Willis Towers Watson poaches claims expert from Ageas

Broker Willis Towers Watson has hired Matt McKechnie as a consultant to strengthen its claims consulting business.   8 October 2018

Insurance

AXA XL partners with insurtech Parsyl for marine offering

Re/insurer AXA XL has partnered with Denver, Colorado-based supply chain data platform Parsyl to offer enhanced marine risk prevention services.   3 October 2018

Insurance

Hurricane Florence losses estimated at up to $4.6bn

Industry insured losses resulting from Hurricane Florence’s winds and storm surge will be between $1.7 billion and $4.6 billion, according to estimates by catastrophe risk modelling firm AIR Worldwide.   19 September 2018

Insurance

Florence may hit US as category 5 hurricane

Hurricane Florence is currently a category 4 hurricane and may intensify to a category 5 hurricane in the next 24 hours, according to data provider AIR.   12 September 2018

News

SCOR reshuffles management in P&C reorganisation move

As part of a reorganisation of its Global P&C operations, SCOR has revealed a number of key appointments.   5 September 2018

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