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Insurance
Bermuda-based Maiden Holdings has said that its 2016 results were substantially down on the previous year after it was hit by a $120 million reserve charge. 1 March 2017
Insurance
The shift in the personal injury rate is a clear negative for the short-term earnings and capitalisation of UK insurers, particularly those with large motor portfolios, AM Best said in a statement. 1 March 2017
Insurance
The British Insurance Brokers' Association (BIBA) has appointed Litmus as consultants to provide technical support on issues relating to broker use of credit ratings and insurer solvency. 1 March 2017
Insurance
Enstar Group enjoyed a profitable 2016 and also solid growth. But it also warned that if pricing in many lines of business continues to deteriorate, its underwriting margins may suffer and it may need to write less premium in certain lines of business. 28 February 2017
Insurance
Bermuda legacy specialist Enstar Group has appointed Jie Liu to its board of directors. 28 February 2017
News
JLT Re, the reinsurance arm of Jardine Lloyd Thompson Group, managed solid growth in 2016, partly boosted by two acquisitions, and improved profits as it overcame continued declines in pricing across most classes of business. 28 February 2017
Alternative Risk Transfer
The ILS market is continuing to grow and evolve, says Willis Capital Markets & Advisory. 23 February 2017
Insurance
Bermuda-based XL Group has appointed global corporate controller Stephen Robb as the new chief financial officer (CFO), succeeding Peter Porrino, who is set to retire in May 2017. 23 February 2017
Insurance
France’s reinsurer SCOR is searching for opportunities to deploy its excess capital which is set to grow further through the ongoing merger of its units and is unlikely to be squeezed by a qualification of SCOR as a systemically important financial institution. 22 February 2017
Insurance
Marine protection and indemnity (P&I) insurers have strengthened their balance sheets in the past 12 months and benefited from low loss experience, leading S&P Global Ratings to take positive rating actions, including upgrading three insurers. 21 February 2017
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