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Insurance
The unrealistic and unnecessarily ambitious timetables set around the implementation of some global regulatory regimes with profound consequences for insurers risk hindering the industry’s ability to support the ambitious economic growth targets agreed last month by G20 finance ministers.   21 March 2014
Insurance
Insurers could face rating downgrades with the renewal of the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA), according to a report by rating agency Standard & Poor’s (S&P).   18 March 2014
Insurance
Four of American International Group (AIG)’s senior executives, including its CEO, Robert Benmosche, have been awarded cash bonuses after they exceeded their targets last year.   14 March 2014
Alternative Risk Transfer
Standard & Poor’s (S&P) is open to rating new risks that could be covered using insurance-linked securities (ILS) but terrorism risk could be a step too far for the rating agency, despite calls from some investors for the ILS market to consider this risk.   12 March 2014
Alternative Risk Transfer
US property/casualty insurer Great American Insurance Group, a subsidiary of financial services firm American Financial Group, is set to use the insurance linked securities (ILS) markets for the first time with a $95 million deal that will offer coverage of named storms, earthquakes, severe thunderstorms and winter storms.   12 March 2014
Insurance
SCOR’s acquisition of Generali US last year combined its rapidly growing status as a truly global and highly rated reinsurer – at a time when many big cedants are rationalising their reinsurance panels – helped the reinsurer post a record profit in 2013 while also enjoying substantial growth.   6 March 2014
Insurance
Improved operating earnings and a positive economy has led to the upgrade of several mortgage insurance companies in the US.   28 February 2014
News
Specialist insurance group BMS Associates has appointed Andrew Bustillo as president and chief executive officer of its US-broking arm, BMS Intermediaries.   21 February 2014
Insurance
Maiden Holdings reported record net income attributable to common shareholders of $87.9 million in 2013, compared with $46.5 million in 2012. The company’s combined ratio also improved to 97.5 percent in 2013, compared with 99.5 percent in 2012.   21 February 2014
Insurance
Brit posted a solid set of results for 2013 achieving a small increase in gross premiums written and a substantial improvement in its profits after what was a year of important hires and strategic moves for the business.   17 February 2014

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