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JLT Towers Re has appointed former Guy Carpenter head, David Flandro, as global head of strategic advisory. 28 May 2014
Insurance
Xuber, Xchanging’s insurance software business has launched a new software offering in partnership with Moore Stephens Consulting. 28 May 2014
Insurance
The outlook for the Korean life industry remains stable, backed by strong capitalisation and a stable investment mix, despite ongoing profitability challenges, according to rating agency Moody’s. 27 May 2014
Insurance
Belgium-based insurer Ageas will take full ownership of the Portuguese non-life activities of its joint venture with MBCP. 27 May 2014
Insurance
Rating agency AM Best has upgraded the financial strength rating (FSR) of Travelers from A+ to A++, the highest possible rating. 27 May 2014
Insurance
Moody's Investors Service has formed a dedicated global Islamic finance group (IFG) to meet the growing demand for Islamic finance credit ratings and research, as Islamic capital markets, insurance products and banking continue to register double-digit growth rates. 22 May 2014
Insurance
Standard & Poor’s has upgraded the financial strength and counterparty credit ratings of ACE Limited’s core operating insurance companies to AA from AA- citing the company’s strong balance sheet and track record of superior operating performance relative to its peers. 20 May 2014
Insurance
Rating agency AM Best has downgraded the financial strength and issuer credit rating of The Mediterranean & Gulf Insurance & Reinsurance Company (Medgulf Bahrain) and The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company, a Saudi joint stock company, (Medgulf KSA), as a result of material underwriting losses at the Saudi subsidiary. 16 May 2014
Insurance
US property and casualty (PC) insurers suffered losses throughout the first quarter of 2014, driven primarily by higher weather-related losses and elevated non-CAT losses. 16 May 2014
Insurance
United Insurance Holdings has signed a non-binding letter of intent to acquire fellow Floridian property and casualty (P&C) insurer Sunshine State Insurance Company (SSIC). 16 May 2014
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