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Insurance
US trade groups move to save Covered Agreement
In a letter to Treasury Secretary Steven Mnuchin, four insurance industry trade bodies in the US including the Reinsurance Association of America have reiterated their strong support for the Covered Agreement that was recently negotiated by the US and EU that resolved significant prudential insurance and reinsurance matters.   21 March 2017
Insurance
Willis launches DACH fac reinsurance hub with Mapfre hires
Willis Towers Watson has launched a new hub to focus on facultative reinsurance business across the DACH region of Germany, Austria, and Switzerland.   4 October 2017
Insurance
S&P downgrades NN Group on Delta Lloyd acquisition
Ratings agency S&P Global Ratings has downgraded Dutch insurer NN Group due to the financial resources used to acquire its competitor Delta Lloyd which are reducing its capital buffers.   11 May 2017
Alternative Risk Transfer
ILS market returns could be hit by further natural catastrophe losses
Natural disasters in the second half of this year could have a serious impact on the returns generated by the insurance-linked securities (ILS) and reinsurance-linked investment markets in 2016, according to a panel of industry figures. Intelligent Insurer reports   25 August 2016
Insurance
Broker USI acquires Wells Fargo’s commercial insurance business
USI Insurance Services (USI) said on June 27 that it has entered into an agreement with Wells Fargo & Company to purchase Wells Fargo Insurance Services USA.   27 June 2017
Insurance
Global reinsurers ask EU for mutual market access with Britain post-Brexit: Report
Global reinsurers have written to the European Commission (EC) to ask it to ensure mutual access between British and European Union reinsurance markets after the UK leaves the bloc due to worries about market disruption, according to extracts from a letter seen by Reuters.   26 June 2017
Insurance
Marsh forms new broker network structure following Bluefin acquisition
Global insurance broking and risk management firm Marsh has created a new practice for broker networks within Jelf and Bluefin’s direct and partnership (D&P) division.   28 September 2017
Insurance
Departure forces Allianz Global Corporate to appoint new global cyber head
Allianz Global Corporate and Specialty (AGCS) has promoted Emy Donavan to lead its cyber insurance business, succeeding Nigel Pearson who has left the company to pursue other opportunities.   14 March 2017
News
Investment returns drive Third Point Re to profit in Q1
Bermuda-based property/casualty reinsurer Third Point Re has reported a profit in the first quarter of 2017 after a loss in the same period a year ago due to significant improvements in investment returns.   5 May 2017
Insurance
ABI makes four Board appointments
The Association of British Insurers (ABI) has made four new Board appointments.   23 May 2016

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