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Insurance
RLI, a specialty insurer serving property/casualty and surety markets, has appointed Betsy McLaughlin as vice president and chief claim counsel, succeeding Brian Casey, who is set to retire on March 31. 22 March 2017
Insurance
ICAT Syndicate 4242 of Lloyd’s of London has issued its first catastrophe bond Buffalo Re Series 2017-1 that will offer indemnity reinsurance coverage for storms and earthquakes occurring in the US. 20 March 2017
Insurance
The number of completed mergers and acquisitions (M&A) in the global insurance industry fell to 387 in 2016, 13 percent down from the 444 transactions recorded in 2015, according to a new report. 16 March 2017
Insurance
US-based property/casualty insurer Liberty Mutual Holding Company reported attributable net income of $1.01 billion for 2016, an increase of $492 million versus the same period in 2015. 2 March 2017
Insurance
Specialty insurer Brit has launched a new US-based cyber and technology team with the appointment of Michael Carr as senior vice president to lead the offering. 1 March 2017
Insurance
The British Insurance Brokers' Association (BIBA) has appointed Litmus as consultants to provide technical support on issues relating to broker use of credit ratings and insurer solvency. 1 March 2017
Insurance
Insurance broker NFP has acquired US-based McLaughlin & Smoak (M&S) employee benefits broker to expand its benefits footprint in the Southeast region. 22 February 2017
Insurance
Marine protection and indemnity (P&I) insurers have strengthened their balance sheets in the past 12 months and benefited from low loss experience, leading S&P Global Ratings to take positive rating actions, including upgrading three insurers. 21 February 2017
Insurance
AM Best believes the Saudi insurance market has turned the corner following a period of underwriting volatility. 16 February 2017
Insurance
Specialty insurer Brit has appointed former Axis Capital executive Tim Chesson as senior vice president, programmes in the US. 6 February 2017
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