News
Insurance
UK insurer Aviva has appointed Maurice Tulloch as an executive director of the company and a member of the board. 22 June 2017
Insurance
In his first speech as Lloyd’s new chairman, Bruce Carnegie-Brown said the insurance industry must do more to change and innovate or run the risk of being disrupted by external players. 16 June 2017
Insurance
The maritime industry saw the number of total shipping losses decline by 16 percent year-on-year in 2016 to 85 cases, according to the Safety and Shipping Review 2017 by Allianz. 15 June 2017
Insurance
Specialty re/insurer Sompo Canopius has hired Will Clark to head a new trade credit insurance team. 7 June 2017
Insurance
S&P Global Ratings said June 6 that it revised its rating outlook on global multiline insurer American International Group (AIG) to negative from stable. 7 June 2017
Insurance
Broker Willis Towers Watson has appointed Taro Ogai as head of investments for Asia Pacific, based in Tokyo. 7 June 2017
Insurance
Insurance intermediary KIRS Group priced its offering of £400 million in aggregate principal amount of 8.375 percent Senior Secured Notes due 2023 and $520 million in aggregate principal amount of 8.625 percent Senior Secured Notes due 2023. 7 June 2017
Insurance
Bermuda-based Arch Capital Group said June 6 that it expects its 2017 second quarter pre-tax underwriting income to be adversely impacted by approximately $38 million relative to the quarterly run rate level of profitability associated with its property facultative reinsurance operations. 7 June 2017
Insurance
Insurers exposed to UK liability business face big hikes in their reinsurance pricing and continued uncertainty as a result of recent changes made to the personal injury discount rate in the UK despite many having already reported sizable one-off reserve charges in recent result, according to AM Best. 5 June 2017
Insurance
The Association of British Insurers (ABI) has become embroiled in a row with British Airways (BA) over who should foot what could be a hefty bill relating to compensation resulting from the airline’s recent computer systems outage, which affected 75,000 passengers. 5 June 2017
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