News

Insurance

Zurich sells $2bn portfolio to Catalina

Zurich Insurance Group has agreed to sell its pre-2007 UK legacy employers’ liability policies portfolio to Bermuda-based specialist acquirer of legacy insurance portfolios Catalina Holdings.   17 December 2018

Insurance

Munich Re appoints CEO for commercial insurance North America

Munich Reinsurance America has appointed Michael Kerner as CEO for Munich Re Specialty Insurance, a new commercial insurance unit in North America.   17 December 2018

Insurance

GRP promotes Bruce to group MD

Broking firm Global Risk Partners (GRP) has appointed Mike Bruce to the newly created role of group managing director.   17 December 2018

Insurance

Starr Insurance expands aviation to Brazil

Starr Insurance Companies’ Brazilian subsidiary, Starr International Brasil Seguradora, has been granted a local license to offer aviation insurance.   14 December 2018

Insurance

Brazil reinsurance market placed on negative outlook by AM Best

AM Best has placed a negative market segment outlook on Brazil’s reinsurance market, citing persistent macroeconomic and political uncertainty; a declining interest rate environment, which has led to lower investment income; foreign exchange fluctuations; and evolving reinsurance market conditions.   13 December 2018

Insurance

Fires, explosions cause largest commercial claims: AGCS

Fire and explosion incidents cause the largest claims for insurers and the businesses they cover, according to new research from Allianz Global Corporate & Specialty (AGCS).   13 December 2018

Insurance

Foreign reinsurers can now outbid GIC Re for business in India

Foreign reinsurers operating in India will now stand a better chance of winning business in the country after the Insurance Regulatory Authority of India (IRDAI) changed its rules around how domestic insurers buy reinsurance, according to media reports in India.   13 December 2018

Insurance

Insurers gear up to grapple with the impact of climate change

The earth’s climate could be changing faster than first thought – and definitely faster than insurers would like. This presents great challenges to the industry which needs to address them quickly, Intelligent Insurer discovers.   13 December 2018

Insurance

Liberty gains licence for new Luxembourg Brexit unit

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has secured a licence for its European insurance company Liberty Mutual Insurance Europe SE (LMIE) to operate from Luxembourg.   12 December 2018

Insurance

AXA XL restructures E&S casualty leadership

Re/insurer AXA XL has unveiled its new excess & surplus (E&S) casualty product leads in the US, including a senior hire from QBE.   12 December 2018

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