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Insurance
AIR Worldwide (AIR) has developed a global resilience practice, a structure to support risk reduction and resilience initiatives across the globe. 19 July 2016
Insurance
Fitch Ratings has released a report which details the differences and lack of comparability between its own insurance financial strength (IFS) ratings and those of AM Best – in particular at the 'A-' level. 18 July 2016
Insurance
European mutual insurers have reached a point where they must embrace change or face possible irrelevance in the market, claims AM Best in a new report. 14 July 2016
Insurance
Slice Labs, an insurtech start-up, has partnered with Munich Re in the follow up to the release of its on-demand insurance platform. 13 July 2016
Insurance
AM Best warns that prospects of Africa’s insurance market could be threatened by low commodity prices and political uncertainty. 12 July 2016
Insurance
ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has appointed David Ong as senior underwriter of marine hull and energy for the Middle East and North Africa (MENA), and Lee Zi Yih as marine underwriter for Asia, as part of the expansion of its marine offering. 11 July 2016
Insurance
Aviva’s limited reliance on EU passporting of services and a robust balance sheet has prepared it well for the consequences of the United Kingdom’s exit from the European Union (EU), chief executive officer Mark Wilson said during the insurer’s capital markets day. 7 July 2016
Insurance
Harrington Reinsurance Holdings, together with its subsidiary Harrington Re, has completed a capital raise of approximately $550 million of equity and $50 million of debt, including a $100 million equity investment by a subsidiary of AXIS Capital and an approximately $50 million equity investment by affiliates of The Blackstone Group. 6 July 2016
Insurance
European life insurers will be the first to be impacted by the UK’s decision to withdraw from the EU but all parts of the insurance sector should prepare to adjust their group structure, according to a senior director at rating agency AM Best. 6 July 2016
Insurance
The magnitude of reinsurance rate reductions has slowed but a softening continued in many lines in the June/July 2016 renewal season, according to a report from Willis Re, which adds that stability in the market remains elusive. 1 July 2016
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