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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
Markel Corporation has appointed Ashley Dillon as underwriting assurance director for the product line leadership team. 21 February 2017
Alternative Risk Transfer
The Cayman Islands Monetary Authority (CIMA) is streamlining applications for cat bond vehicles. 21 February 2017
Insurance
Trade credit insurer Euler Hermes has appointed Milo Bogaerts as CEO for UK and Ireland, effective from April 1. 21 February 2017
Insurance
London-based Lloyd's insurance broker Kinetic has appointed Ian Ashworth and Kieron Burrows to further develop its portfolio of broker accounts and binding authorities. 21 February 2017
Insurance
Re/insurance broker Miller has further expanded its facultative property team with the appointment of Mark Sherwin. 20 February 2017
Insurance
American International Group’s US casualty business has performed significantly worse than expected by the firm in recent years, resulting in a $3 billion loss in the fourth quarter of 2016 as the company reacted by striking a reinsurance deal and significantly increasing claims loss reserves. 17 February 2017
Insurance
Zurich Insurance Group has integrated two of its commercial insurance units into a single division in the Asia Pacific (APAC) region and appointed division heads. 17 February 2017
Insurance
US-based CNA, a commercial insurance provider, has appointed Douglas Worman to fill the newly-created position of executive vice president and chief underwriting officer, effective from March 7. 17 February 2017
Insurance
American International Group (AIG) reported a net loss of $3.04 billion, up from a negative $1.84 billion in the same period of 2015, impacted by a $5.6 billion prior year adverse reserve development. 15 February 2017
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