News

Insurance

Beale was trolled as she took the helm at Lloyd’s: report

Outgoing Lloyd’s CEO Inga Beale has received sexist and homophobic abuse when she became the first female CEO of Lloyd’s of London, according to The Times.   8 October 2018

Insurance

Tropical storm Michael to turn into hurricane

Tropical storm Michael is expected to become a hurricane and carry strong winds and rain to Cuba, Florida and southern Georgia, according to the National Hurricane Center (NHC).   8 October 2018

Insurance

Marsh can cope with debt burden after JLT acquisition: S&P

Following an in-depth business and financial review, S&P Global Ratings believes Marsh&McLennan (MMC) will likely be committed to and able to de-lever back to a range appropriate for the firm’s current rating despite a very significant increase in debt to fund its acquisition of insurance broker JLT.   8 October 2018

Insurance

Lancashire issues Q3 profit warning after marine, cat losses

Lancashire Holdings has issued a profit warning for its third quarter 2018 results due to losses in its marine and catastrophe re/insurance portfolios.   8 October 2018

Insurance

CNA Hardy exits Lloyd’s property treaty/marine hull; senior duo departs

Specialist commercial insurer CNA Hardy has confirmed its plan to exit property treaty, marine hull and construction/erection all risks (CAR/EAR) business on the Lloyd’s platform.   8 October 2018

Insurance

Lockton Capital Markets hires experts for insurtech expansion

Broker Lockton has hired two financial services and technology experts from Citibank and Deutsche Bank for its recently launched capital markets unit.   8 October 2018

Insurance

Swiss Re unveils parametric haze solution in Singapore

Swiss Re’s commercial insurance unit Swiss Re Corporate Solutions has launched a standalone parametric-based haze insurance solution for businesses operating in Singapore.   8 October 2018

Insurance

Willis Towers Watson poaches claims expert from Ageas

Broker Willis Towers Watson has hired Matt McKechnie as a consultant to strengthen its claims consulting business.   8 October 2018

Insurance

Fitch upgrades Indonesia Re

Fitch Ratings has upgraded Reasuransi Indonesia Utama (Persero)'s (Indonesia Re) international Insurer Financial Strength (IFS) Rating to 'BBB-' (Good) from 'BB+' (Moderately Weak). Fitch Ratings Indonesia has also affirmed the company's National IFS Rating of 'AA (idn)'.   3 October 2018

Insurance

Typhoons put pressure on Tokio Marine, MS&AD, Sompo

The recent run of large natural disasters to hit Japan has put downward pressure on the creditworthiness of the nation's three largest non-life insurance groups, S&P Global Ratings suggested in a briefing.   3 October 2018

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