Articles

Insurance

Aon: Tropical storm Dorian projected to become hurricane

Tropical storm Dorian is expected to become a hurricane with warnings in place for St. Lucia, according to the Aon cat report.   27 August 2019

Insurance

SSL Endeavour appoints group non exec chair Palmer-Brown and CFO Crossland as it finalises ‘significant’ aviation M&A

Specialist independent Lloyd’s broker SSL Endeavour has unveiled two “important” senior executive hires for the group on the same day it confirmed it was finalising the acquisition of Worldlink Holdings, a North American aviation brokerage and MGA.   21 August 2019

Insurance

Saudi Re enjoys big increase in profits in first half of year

Saudi Reinsurance Company (Saudi Re) enjoyed a big increase in its profits in the first half of the year.   19 August 2019

Insurance

Re/insurers struggling with California wildfire risk despite rate hikes: S&P

The market for re/insuring California wildfire risk remain in disarray with no consensus on what constitutes adequate rates and little comfort with the risk despite substantial updates to wildfire risk models.   19 August 2019

Insurance

S&P praises improved underwriting discipline of Asia Capital Re

Asia Capital Re has improved its underwriting discipline and is in good shape to achieve stable growth over the next two years, according to rating agency S&P Global Ratings (S&P), which has affirmed the reinsurer’s financial strength rating at ‘A-’, and maintained its outlook for the Singapore-headquartered reinsurer at ‘Stable’.   19 August 2019

Insurance

Aon appoints Magee as UK chairman of its reinsurance business

Broker Aon has appointed a new UK chairman of its reinsurance business.   19 August 2019

Insurance

Risk Strategies hires former IMA, Aon exec to lead professional liability group

US insurance brokerage and risk management firm has appointed Darren Black to lead its national professional liability practice group.   14 August 2019

Insurance

Concord Specialty boosts reps and warranty practice with new hire

Concord Specialty Risk, a transactional risk insurance and loss mitigation specialist which is a series of RSG Underwriting Managers, has appointed Ilan Peress as vice president, representations and warranty insurance underwriter.   13 August 2019

Insurance

Maiden posts $15.4m loss in second quarter 2019; CEO Metz remains poised for recovery

Bermuda-based re/insurer Maiden Holdings' losses almost tripled in the second quarter of 2019 compared to a year ago despite numerous strategic measures to strengthen its capital position and speed up recovery.   13 August 2019

Insurance

Aon advises HSBC Bermuda on £7bn longevity swap with Prudential

Re/insurance broker Aon has advised HSBC Bermuda on a recently completed £7 billion longevity swap, involving the HSBC Bank (UK) Pension Scheme and Prudential Insurance Company of America (PICA), said to be the second largest ever deal of its type.   13 August 2019

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