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Insurance
Arcus Syndicate 1856, part of Barbican Insurance Group, has expanded its team with the appointment of a specialist property treaty underwriter. 15 March 2017
News
Munich Re has revealed it plans to buy back up to €1 billion of its own shares by April 2018, as it struggles to find profitable opportunities in what its chairman, who steps down in April this year, said will remain a challenging environment. 15 March 2017
Insurance
Re/insurers can now accurately model liability exposure probabilistically across their entire portfolios, Lloyd’s has claimed, thanks to a new data-driven methodology the market has developed in partnership with modelling company Arium. 15 March 2017
Insurance
Re/insurer XL Catlin has received regulatory approval from the Monegasque Minister of State to provide insurance policies in the principality of Monaco. 15 March 2017
Insurance
The LMA Wordings Forum has revealed it has drafted a ‘cold zone variant’ of its model exclusion wording, which would make it easier for underwriters to cover construction projects in the nuclear sector, a move prompted by recent growth in the construction of nuclear power stations and a requirement to make wordings more appropriate for the nuclear industry of the future. 14 March 2017
Insurance
The global non-life insurance market has experienced strong growth in recent years, registering a compound annual growth rate (CAGR) of 5.4 percent between 2011 and 2015 to reach a value of $2.03 trillion, according to data from research company MarketLine. 14 March 2017
Insurance
London-based Ascot Underwriting has appointed Ray Antes as executive underwriter with responsibility for its political risk team. 14 March 2017
Insurance
Fitch Ratings has changed its sector outlook for the Italian life insurance market to negative from stable, noting that wider spreads on Italian sovereign debt may weaken insurers' capitalisation and business retention. 14 March 2017
Insurance
More than half (54 percent) of high net worth individuals are concerned that they are underinsured, with many worried they are buying insurance that may be inadequate for their needs, according to new research by Chubb. 14 March 2017
Insurance
The China Insurance Regulatory Commission (CIRC) has introduced system that will require foreign reinsurers to deposit funds with unaffiliated domestic commercial banks in a move that it said will mitigate the credit risk arising from foreign carriers operating in the country. 14 March 2017
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