News
Insurance
American International Group (AIG) is taking over Validus in order to diversify the business into reinsurance and to add a Lloyd’s syndicate, management suggested in a Jan. 22 conference call discussing the deal. 22 January 2018
Insurance
American International Group (AIG) CEO Brian Duperreault makes his first major move to reshape AIG and position it for profitable growth. 22 January 2018
Alternative Risk Transfer
American International Group (AIG) has entered into a definitive agreement to acquire all outstanding common shares of Bermuda-based Validus Holdings. 22 January 2018
Insurance
A wide swath of rating movements for North American property/casualty (P/C) insurers due to capital pressure is unlikely, S&P Global Ratings has surmised having completed a stress test on the sector. 10 January 2018
Insurance
Ethos Specialty Insurance Services, the US managing general agency and a subsidiary of Ascot Group, has appointed Michael Carr as head of property. 9 January 2018
Insurance
Zurich has entered into an agreement with Singapore’s newest life insurance company to acquire its Zurich Life Singapore business portfolio. 8 January 2018
Insurance
Specialty re/insurer MS Amlin has established a new Bermuda-domiciled special purpose reinsurer and raised some $55 million from third party investors to back the venture. 8 January 2018
Insurance
It’s time for insurers to wake up to the reality of their role in protecting companies from the fallout from cyber attacks, says Dan Trueman, the global head of cyber at AXIS Insurance. 5 January 2018
Alternative Risk Transfer
With the $10 billion threshold for annual ILS issuance finally pierced in 2017, it’s time for the global risk transfer community to make ‘catastrophe bonds phase II’ a reality, according to the quarterly PCS Q4 2017 Catastrophe Bond Report, authored by Tom Johansmeyer, assistant vice president, PCS Strategy and Development. 4 January 2018
Alternative Risk Transfer
Specialist Lloyd's insurer Neon has unveiled the first insurance-linked securities (ILS) vehicle to be formed in the UK and completed a $72 million collateralised quota share reinsurance transaction that will underwrite a portion of its syndicate’s business. 3 January 2018
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