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Global reinsurers face further rate declines in 2017, driven by an abundance of reinsurance capacity and many years of modest insured losses, according to a June 23 S&P report titled, "Déjà Vu All Over Again: Global Reinsurers Awake To Another Year Of Declining Rates." 23 June 2017
Insurance
Moody's Investors Service has changed the outlook for the UK life insurance industry to stable from negative on the expectation of a moderate and manageable impact from Brexit. 20 June 2017
Insurance
CopperPoint Insurance Companies, a provider of workers compensation coverage, has named Mark Joos as its new chief financial officer. 14 June 2017
Insurance
French insurer AXA is in the process of acquiring a reinsurance license in India, Intelligent Insurer understands. 12 June 2017
Insurance
A surge in M&A and share buybacks could sweep Europe's insurance sector in 2017 with firms now considering both these options as a way to use surplus capital, according to a report by Moody's Investors Service. 12 June 2017
Insurance
Rating agency AM Best has appointed John Bromfield as independent non-executive director to the board of its Europe, Middle East and Africa (EMEA) region subsidiary, AM Best Europe Rating Services (AMBERS). 7 June 2017
Insurance
Specialty re/insurer Sompo Canopius has hired Will Clark to head a new trade credit insurance team. 7 June 2017
Insurance
S&P Global Ratings said June 6 that it revised its rating outlook on global multiline insurer American International Group (AIG) to negative from stable. 7 June 2017
Insurance
Broker Willis Towers Watson has appointed Taro Ogai as head of investments for Asia Pacific, based in Tokyo. 7 June 2017
Insurance
Insurance intermediary KIRS Group priced its offering of £400 million in aggregate principal amount of 8.375 percent Senior Secured Notes due 2023 and $520 million in aggregate principal amount of 8.625 percent Senior Secured Notes due 2023. 7 June 2017
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