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Insurance
CCR Re formally split out from parent; agencies assign first ratings
CCR, the French government backed reinsurer, has now formally unbundled its open market reinsurance activities into its new subsidiary CCR Re, which commenced operations on January, 2017.   9 January 2017
Insurance
CBL completes NZ$150m strategic acquisition of French specialist insurer
Credit and financial risk re/insurer CBL Corporation has completed its NZ$150 million ($104.4 million) strategic acquisition of Securities and Financial Solutions (SFS) and its claims management operation IMS Expert Europe (IMS).   9 January 2017
Insurance
Reinsurance market appears to be stabilising despite ongoing pressures
While rates continue to remain low and the sector overcapitalised, the conditions of the global reinsurance market appear to be stabilising, according to AM Best.   9 January 2017
Insurance
Arch penalised by Moody's United Guaranty deal with downgrade
The insurance financial strength (IFS) rating of Arch Capital's principal P&C re/insurance operating subsidiaries has been downgraded to A2 from A1 by Moody’s. The outlook for these ratings is stable.   6 January 2017
Insurance
Covéa secures ‘A’ rating post-restructuring and shift into reinsurance
AM Best has assigned a Financial Strength Rating of A (Excellent) to Covéa Coopérations (France), the holding company of société de groupe d’assurance mutuelle (SGAM) Covéa, a mutual insurance group in France. The rating’s outlook is stable.   6 January 2017
Insurance
Alleged job cuts at Fukoku just the start of impact of AI on re/insurance
The idea that some roles in the re/insurance industry could be replaced by robots or, more specifically, artificial intelligence (AI) systems, appears to have become a reality this week with the allegation that Japanese insurer Fukoku Mutual Life Insurance will replace more than 30 employees with an AI system.   5 January 2017
Insurance
Buyers again achieved better terms in year-end renewals
Pricing stabilisation will remain a major challenge for re/insurers and many buyers managed to improve terms and pricing in the year-end renewals, according to the latest 1st View Renewals Report from Willis Re.   3 January 2017
Insurance
Re/insurers face insurtech challenge in 2017
Traditionally slow at deploying technology, insurers and reinsurers are quickly realising that they need to respond to technological advances and innovate in order to remain relevant to clients, but not all are likely to succeed.   2 January 2017
Insurance
Judging M&A: what an analysis of share prices can show post a deal
Based on historic trends, insurers engaging in M&A are increasingly outperforming their competitors in terms of share price development, according to a report published by Willis Towers Watson, in collaboration with Cass Business School and Mergermarket: Measuring the correlation between acquisitions and share price performance.   30 December 2016
Insurance
Wake-up call: higher cat losses a warning, say reinsurance execs in 2016 look back
The higher levels of catastrophe losses in 2016 could represent something of a wake-up call for the re/insurance industry after a number of years of benign loss activity – especially against a backdrop of a continued soft market in most lines of business, according to a number of senior executives interviewed by Intelligent Insurer.   30 December 2016

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