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Insurance
XL Catlin appoints global property chief underwriting officer
Re/insurer XL Catlin has promoted Tim McMahon to the position of global chief underwriting officer (CUO) for property insurance with effect from May 1.   20 March 2017
Insurance
Travelers expects $62m hit from UK Ogden rate slash
US property/casualty insurer Travelers has estimated the impact of UK’s personal injury Ogden discount rate at $62 million.   20 March 2017
Insurance
US thunderstorm property losses as high as from hurricanes
The risk to US property from thunderstorms is as high as from hurricanes, according to a Willis Re report.   20 March 2017
Insurance
Warren Buffett’s Berkshire Hathaway should buy AIG, analysts suggest
Berkshire Hathaway should buy insurance giant AIG, which has recorded a $3 billion loss for the fourth quarter of 2016, prompting the CEO to resign, analysts at Keefe, Bruyette & Woods (KBW) suggested in a March 10 research note.   13 March 2017
Insurance
Travelers buys UK broker Simply Business for $490m
US property/casualty insurer Travelers is acquiring UK-based small and medium-sized enterprises (SME) insurance broker Simply Business from previous owner Aquiline Capital Partners for approximately $490 million.   13 March 2017
Insurance
CII launches initiative to develop UAE insurance industry
The Chartered Insurance Institute (CII) has partnered with the insurance authority of United Arab Emirates to establish an education programme in Abu Dhabi to boost professionalism in the UAE insurance sector.   13 March 2017
Insurance
Chubb partners with Wizz Air
Property/casualty insurer Chubb has signed a partnership agreement with low-cost airline Wizz Air to provide the airline’s customers with travel and flight cancellation insurance cover.   13 March 2017
Insurance
Sompo Canopius expands mining cover capacity via Lloyd’s consortium
Sompo Canopius, a specialty re/insurance subsidiary of Sompo Japan Nipponkoa Holdings, has secured additional capacity for its mining cover from Travelers Syndicate 5000 at Lloyd’s.   7 March 2017
Insurance
Verisk Analytics acquires Healix Risk for P&C business
Verisk Analytics, a provider of property/casualty (P&C) insurance risk information, has acquired UK-based Healix Risk Rating, a subsidiary of Healix International Holdings.   17 February 2017
Insurance
Arch Insurance hires vice president in US
Arch Insurance, a member of Arch Capital Group, has appointed Greg Johnson in the US as vice president of business development for travel.   14 February 2017

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