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Insurance
American International Group (AIG) has appointed Seraina Macia as executive vice president and chief executive officer (CEO) of a new planned subsidiary that aims to transform the way that AIG delivers and underwrites commercial insurance. 13 July 2017
News
The financial strength ratings of Africa Re have been placed under review with negative implications by AM Best, which has cited concerns over the permanence of its capital structure. 13 July 2017
Insurance
US-based multi-line regional property/casualty insurer Kingstone Companies said on July 10 that its unit Kingstone Insurance Company (KICO) reached a reinsurance deal with increased coverage, improved terms, and a further reduction in exposure-adjusted reinsurance costs. 12 July 2017
Insurance
S&P Global Ratings has lowered the ratings on Switzerland-based Allied World which has been acquired by Canada-based Fairfax. 11 July 2017
Insurance
S&P Global Ratings has revised the outlook for Bermuda-based AXIS Capital Holdings to negative from stable, reflecting its concerns that AXIS' capital redundancy will significantly diminish after the deal acquisition of Novae Group. 10 July 2017
Insurance
Ensurance said July 10 that its newly-created managing general agency has entered into a partnership agreement with Swiss Re Corporate Solutions and XL Catlin, and received Lloyd's coverholder status for its UK operations. 10 July 2017
Insurance
Norway's Protector Forsikring, the insurer on the London Grenfell tower block that has been devastated by fire killing at least 80 people, has raised its expected gross claims from the tragedy to £50 million in its second quarter results report. 10 July 2017
Insurance
Broker Willis Towers Watson has expanded its insurance broking capabilities in India by acquiring a 49 percent stake in Almondz Insurance Brokers. 10 July 2017
Insurance
S&P Global Ratings said on July 7 that it reduced its outlook for UK-based life insurer Legal & General’s (L&G’s) subsidiaries as the group’s spending is outpacing retained earnings. 10 July 2017
Insurance
Fitch Ratings said July 7 that it has placed Gibraltar-based Elite Insurance Company’s Insurer Financial Strength (IFS) rating of 'BBB-' on Rating Watch Negative (RWN). 10 July 2017
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