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Executive Search Under Way as Lancaster Chief Financial Officer Plans 2020 Retirement: Lancashire Holdings Ltd. said Elaine Whelan will retire as chief financial officer of Lancashire Group and from other roles in 2020 as the group unveiled a ...
Date: May 24, 2019    
Following Financial Crisis, Mortgage Market Stability Draws Underwriters: Underwriters and brokers see the mortgage market as a growth opportunity due to strong economic fundamentals and improving mortgage market governance in the ...
Date: May 24, 2019    
Generali Sells UK Life Runoff Business to Reinsurance Group of America: Assicurazioni Generali S.p.A. said it agreed to sell the life runoff portfolio of its U.K. Branch to a subsidiary of Reinsurance Group of America Inc. The ...
Date: May 24, 2019    
GIC Re’s Fiscal Year Net Profit Decreases 31%: GIC Re posted a 31% decline in net profit for the fiscal year ended March 31, mainly due to an increase in tax provisions on account of a change in the law, ...
Date: May 24, 2019    
Scor Acquires Insurance-Linked Securities Fund Manager Coriolis: Scor S.E.’s portfolio management company agreed to acquire 100% of the capital of a fund manager in the insurance-linked securities market. The reinsurer’s ...
Date: May 23, 2019    
Former Lloyd’s CFO Joins Runoff Specialist Armour Group: Armour Group Ltd. appointed John Parry, the former Lloyd’s chief financial officer, as its group CFO. Parry will join the Bermuda-based runoff specialist in ...
Date: May 22, 2019    
Swiss Re SONAR Report Warns of ‘Slow-Burner’ Emerging Risks: The insurance and reinsurance sector is facing new and “slow-burner” risks ranging from the effects on public health of climate change to the growth of new ...
Date: May 22, 2019    
Fairfax Announces ‘Sudden Death’ of Chief Financial Officer: Fairfax Financial Holdings Ltd. said David Bonham, the group’s chief financial officer, has died. Bohnam, who was also a vice president of the company, “died ...
Date: May 21, 2019    
AIG Chief: Strategic Revamp in 2018 Signals Progress: American International Group Inc. is turning its general insurance segment around and continues to see growth in its life and retirement segment, said the ...
Date: May 21, 2019    
Update: Voce Capital Abandons Argo Proxy Fight, Citing Regulatory Setbacks: (Adds comment from Argo Group.) An institutional shareholder of Argo Group International Holdings Ltd. abandoned an effort to elect its proposed independent ...
Date: May 21, 2019    
AM Best’s Adams: China, Other Expanding Markets Drive Growth for Life Re Sector: Michael Adams, senior financial analyst, AM Best, said business from Chinese insurers, fueled by an expanding middle class, is helping insurers find growth ...
Date: May 21, 2019    
Brit Names London Market Veteran to Head Reinsurance Buying: Global specialty insurer and reinsurer Brit Ltd. has appointed James Drew, a veteran of more than 20 years in the Lloyd’s and the London market, to oversee its ...
Date: May 21, 2019    
Joint Administrator for Insolvent Beechwood Re Applies to New York Bankruptcy Court for US Representation: A joint official liquidator for insolvent life reinsurer Beechwood Re has applied to a federal bankruptcy court in New York for standing as a foreign ...
Date: May 20, 2019    
UK Broker Group, Reinsurer Pool Re Release Terror Guide: Pointing to what it described as the changing nature of the terrorist threat, the British Insurance Brokers’ Association has announced a guide to terrorism ...
Date: May 17, 2019    
Aon Makes Organizational Changes to Global Reinsurance Clients Team: Aon plc is making organizational changes within its global reinsurance clients team, including the creation of a new executive team, as the broker increases ...
Date: May 17, 2019    
AM Best Affirms Credit Ratings of Vietnam National Reinsurance Corporation: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of Vietnam National Reinsurance Corporation ...
Date: May 17, 2019    
AM Best Affirms Credit Ratings of Third Point Reinsurance Ltd. and Its Subsidiaries; Revises Outlooks to Negative: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings ...
Date: May 16, 2019    
Aon, Guy Carpenter Enter Blockchain Reinsurance Placement Partnership: The reinsurance units of brokers Aon plc and Marsh & McLennan Cos. announced a joint effort with The Institutes RiskStream Collaborative in an effort “to bring ...
Date: May 16, 2019    
Hartford Gains Approval for Navigators Acquisition: Hartford Financial Services Group Inc. said it received all the necessary regulatory approvals to close its acquisition of specialty underwriter Navigators ...
Date: May 16, 2019    
PartnerRe Rebounds to First-Quarter Profit; Specialty Lines Hit on Prior-Year Development: PartnerRe Ltd. reversed its prior first-quarter net loss as investment income rebounded and catastrophe experience proved favorable. First-quarter net ...
Date: May 16, 2019    
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