Articles
Insurance
Fitch Ratings has reduced the outlook for Cayman Islands-based XL Group subsidiary XL (XLIT) and its property/casualty re/insurance subsidiaries to negative after “a meaningful deterioration in capitalization” following third-quarter nat cat losses. 30 October 2017
Insurance
Aon said on Oct. 30 that it has acquired has acquired UK’s independent insurance broking firm Henderson Insurance Broking Group. 30 October 2017
Insurance
Eight senior figures gathered at a roundtable discussion covering the forces driving change in and shaping the London Market in the context of how insurers and reinsurers are responding. The discussion, held in partnership with DXC, covered topics including Brexit, premium shrinkage and competition from other domiciles, talent and diversity. 30 October 2017
Insurance
Broker Willis Towers Watson said on Oct. 26 that the European Commission (EC) in October 2017 initiated investigation proceedings in respect of a suspected infringement of EU competition rules involving several broking firms, including the company’s principal UK broking subsidiary and one of its parent entities. 27 October 2017
Insurance
Independent specialty managing general agent (MGA) Nexus Group said in a statement that it has acquired specialist trade credit broker Credit Risk Solutions (CRS). 27 October 2017
Insurance
As London takes the first steps towards being able to issue its own ILS deals, Intelligent Insurer assesses the potential of the new ILS framework and discovers that some market participants are bullish about its ability to gain traction quickly. 25 October 2017
Insurance
Specialty re/insurer Brit has appointed Courtney Mocio as vice president, cyber and technology at its US unit, Brit Global Specialty USA (BGSU). 25 October 2017
Insurance
Recent nat cat losses are an excellent opportunity for reinsurers to demonstrate their resilience, responsiveness and ability to pay claims, according to Ian Wicks, chairman of non-marine reinsurance, and Robert Wildbore, director, reinsurance, at Ed. 25 October 2017
Insurance
Bermuda-based AXIS Capital Holdings has appointed Steve Arora as the new chief executive officer of AXIS Re. 24 October 2017
Insurance
Qatar Insurance Company (QIC) enjoyed solid growth in the first nine months of the year but its profits were hit by high catastrophe losses, the soft market and changes to the Ogden rate in the UK. 24 October 2017
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