Articles

Insurance

Euler Hermes reveals management shake-up as group CFO and COO depart

Trade credit insurer Euler Hermes has made three management board changes as its group chief financial officer and chief operating officer are leaving to pursue opportunities outside the company.   13 February 2018

Insurance

XL Catlin appoints China CEO from Guy Carpenter

Re/insurer XL Catlin has appointed Phil Xue as chief executive officer of XL Insurance China.   12 February 2018

Insurance

M&A activity in re/insurance on the rise

The combination of continued competitive pressures, the effects of US tax reform and catastrophe losses in 2017 is leading to speculation of more mergers and acquisitions (M&A) among re/insurers in 2018, especially in the Bermuda market, says Fitch Ratings.   12 February 2018

Insurance

Sirius Group secures $300m credit facility

Bermuda-based Sirius International Insurance Group has entered into a three-year $300 million senior unsecured revolving credit facility through its indirectly wholly-owned subsidiary Sirius International Group.   12 February 2018

Insurance

XL shares jump on takeover news

Shares of Bermuda-based insurer XL Group jumped following news that it is attracting interest from rivals including Allianz of Germany.   8 February 2018

Insurance

XL Catlin appoints CUO international financial lines

Re/insurer XL Catlin has promoted Tim Powell to chief underwriting officer for international financial lines (IFL).   8 February 2018

Insurance

Australia’s Insurance Council Board appoints three directors

The Insurance Council of Australia (ICA) has made three new appointments to its board of directors.   8 February 2018

Alternative Risk Transfer

World Bank issues $1.36bn cat bond

The World Bank has issued its largest ever catastrophe bond covering earthquake, providing the organisation with $1.36 billion of capital markets protection.   7 February 2018

Insurance

Cyber insurance could be credit negative for insurers: Fitch

Cyber insurance brings opportunities for business growth and diversification for some insurers, but could be a credit negative for others given the potential to generate larger future losses, according to Fitch Ratings.   7 February 2018

Insurance

US P&C to post second consecutive underwriting loss in 2017

The US property/casualty (P&C) industry is set to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses, according to AM Best estimates.   7 February 2018

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