News
Insurance
US-based specialty property/casualty insurer ProSight Global has launched its initial public offering (IPO) of approximately 8.8 million shares of common stock on the New York Stock Exchange. 17 July 2019
Insurance
S&P Global Ratings said the less generous than expected minus 0.25 percent Ogden discount rate announced yesterday is ‘just a bump in the road’ for UK motor insurers. 16 July 2019
Insurance
Lloyd’s six bold initiatives receive 'outstanding' support from market participants and stakeholders
Lloyd’s of London has received "widespread backing" from its market participants and stakeholders on its recently-launched strategic plan of transformational initiatives, including simplifying market access and lowering costs, to ensure the 333-year-old marketplace can thrive in an increasingly challenging environment. 12 July 2019
Insurance
Specialty re/insurer Brit has hired Garick Zillgitt from Swiss Re and Justin Magee from Redstone Underwriters to strengthen its casualty portfolio in the US. 10 July 2019
Insurance
Korean Re’s reinsurance subsidiary in Switzerland, which opened on 1 June 2019, has achieved an ‘A’ rating from S&P Global Ratings. 5 July 2019
Insurance
DL Dale & Others' Syndicate 2525, a specialist employers’ and third party liability Lloyd’s insurer managed by Asta Managing Agency, has announced that Tim Butcher, senior class underwriter of international liability business, has decided to retire. 4 July 2019
Insurance
Lloyd’s of London published a modernisation plan in May and the market’s CEO John Neal is now pushing to convince all stakeholders that change must be fast and decisive or they’ll risk losing out. 3 July 2019
Insurance
RT Specialty, a wholesale brokerage unit of Ryan Specialty Group, has hired Hiscox's Matt Bernal as vice president for its property practice group based in San Francisco. 1 July 2019
Alternative Risk Transfer
A recent downswing in interest in investing in the ILS market might be reversed by new developments, according to a new S&P Global Ratings report. 28 June 2019
Insurance
S&P Global Ratings has revised the outlook of Lloyd's of London and its core subsidiaries to stable from negative, following changes made by the specialist re/insurance market to improve its overall underwriting performance. 17 June 2019
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