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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
Asta, the Lloyd’s third party managing agent and specialist MGA investor, has announced that Dubai-based Arma Underwriting has received full approval from all regulators and commenced operations in May. 6 June 2017
Insurance
Allstate, Liberty Mutual and Travelers are on top of a list of insurers most exposed to what is expected to be an “above average” 2017 Atlantic hurricane season, CreditSights analysts wrote in a May 31 note. 1 June 2017
Insurance
Commercial and industrial property insurer FM Global has been granted insurance license in Luxembourg where it will set up a new hub to write business across the European Economic Area (EEA) once the UK leaves the European Union. 31 May 2017
Insurance
Bermuda-based property/casualty re/insurer Sompo International is acquiring the renewal rights to Novae’s financial institutions (FI) portfolio which had annual gross written premiums in excess of $25 million. 31 May 2017
Insurance
Analysts have expressed optimism about the outlook for American International Group (AIG) after it implemented steps to improve performance and changed management. 31 May 2017
Insurance
Allianz Global Corporate & Specialty (AGCS), the corporate insurance carrier of Germany's Allianz Group, has appointed Mike Hansen as global head of aviation. 25 May 2017
Insurance
Ratings agency AM Best has removed American International Group (AIG) from ‘under review with negative implications’ and affirmed its Long-Term Issuer Credit Rating (Long-Term ICR) after analysing recent actions taken by the US insurers. 24 May 2017
News
Swiss Re is to form a combined property/casualty (P&C) underwriting hub for the Asia-Pacific region within its reinsurance business unit. 24 May 2017
Insurance
Ironshore, now a Liberty Mutual Company, has appointed Russell Fisher as vice president of political risk and trade credit to underwrite European business lines, based in London. 24 May 2017
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