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Bermuda-based specialty re/insurer Lancashire Holdings has decided against paying a special dividend in 2017 and instead to deploy the capital in a hardening market but analysts commented that the company also faces higher retrocession rates, Bernstein analysts wrote in a note. 6 November 2017
Insurance
Specialty and commercial re/insurer Liberty Specialty Markets (LSM), part of part of Liberty Mutual Insurance, appointed Bruce Love as director of assumed reinsurance in its casualty treaty department. 6 November 2017
Insurance
Broker Willis Towers Watson appointed Evariste Yeung as head of property and casualty, North Asia. 6 November 2017
Insurance
The Lloyd’s of London strategy and change director Paolo Vagnone is leaving the corporation after 12 months in the job. 3 November 2017
Insurance
Bermuda-based Arch Capital Group said that Kewsong Lee has resigned from its board of directors because of the expansion of his duties at Carlyle Group following his recent promotion to co-CEO effective January 1, 2018. 3 November 2017
Insurance
American International Group (AIG) has taken an $836m pre-tax reserve charge in commercial lines in the third quarter of 2017 that also resulted in the company increasing full-year loss estimates, surprising analysts who thought the casualty issues at the company had been addressed. 3 November 2017
Insurance
Income from disposals has helped Canada-based property/casualty re/insurer Fairfax Financial Holdings to weather the impact of nat cat events in the third quarter of 2017. 3 November 2017
Insurance
Storm Herwart has caused insured losses of €250 million to German insurers, according to actuarial consultancy firm Meyerthole Siems Kohlruss. 3 November 2017
Insurance
Specialty managing general agent (MGA) Nexus Group said that Charles Penruddocke has joined as non-executive deputy chairman of Nexus CIFS and Equinox Global in a Nov. 2 statement. 3 November 2017
Insurance
Bermuda-based run-off consolidator Enstar Group has acquired Great Lakes Casualty Insurance Company (GLC) from Main Street America, according to a Nov. 2 statement. 3 November 2017
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