Aon: Storms Across North America, Europe Top November Catastrophe Losses
: Storms across the United States and Europe and brushfires in Australia led the list of November catastrophe events, said Broker Aon Ltd.
“At least three early season winter storms swept across most of the United States duri...
Date: December 6, 2019
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Centricus Launches Joint Venture to Acquire Run-Off Life Business in Europe
: Equity firm Centricus has launched a joint venture with life run-off specialist European Insurance Consolidation Group to acquire, reinsure and manage closed books in Europe.
“The combination of Centricus’ expertise and cap...
Date: December 6, 2019
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AM Best Affirms Credit Ratings of Halyk Insurance Company of Halyk Bank of Kazakhstan, JSC
: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Halyk Insurance Company of Halyk Bank of Kazakhstan, JSC (Halyk Insurance) (Kazakhstan). The outlook of these...
Date: December 6, 2019
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Phoenix CEO: Acquisition of Swiss Re’s ReAssure Group Confirms It as Europe’s Largest Life and Pension Consolidator
: Swiss Re Group Ltd. plans to sell its life insurance and pension legacy business, ReAssure Group plc, to Phoenix Group Holdings plc for £3.25 billion (US$4.26 billion) in a deal that will give Swiss Re and fellow ReAssure sta...
Date: December 6, 2019
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AM Best Affirms Credit Ratings of Jubilee General Insurance Company Limited
: AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Jubilee General Insurance Company Limited (Jubilee) (Pakistan). The outlook of these Credit Ratings (ratings)...
Date: December 6, 2019
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AM Best Affirms Credit Ratings of StarStone Insurance Bermuda Limited and its Subsidiaries
: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of StarStone Insurance Bermuda Limited (StarStone) (Bermuda) and its subsidiaries, StarStone Insurance SE (L...
Date: December 6, 2019
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AM Best Affirms Credit Ratings of Legal & General Group Plc and Legal and General Assurance Society Limited
: AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of the non-operating holding company, Legal & General Group Plc (L&G) (United Kingdom). Concurrently, AM Best has affirmed the Financial Strength ...
Date: December 6, 2019
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AM Best Affirms Credit Ratings of Sigurd Rück AG
: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Sigurd Rück AG (Sigurd) (Switzerland). The outlook of these Credit Ratings (ratings) remains stable.
The...
Date: December 6, 2019
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Best’s Market Segment Report: AM Best Maintains Global Reinsurance Market Outlook at Stable
: AM Best has maintained a market segment outlook of stable on the global reinsurance industry for 2020, citing a stabilized pricing environment—albeit at levels below long-term adequacy—the continuing alignment between traditi...
Date: December 6, 2019
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AM BestTV: Roles of Brokers, Underwriters Are ‘Blurring,’ Says AM Best Senior Director
: In this AMBestTV episode, Catherine Thomas, senior director of analytics, AM Best, said the roles of brokers and underwriters are blurring in the London market as participants look to improve efficiency and drive down costs. ...
Date: December 5, 2019
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Axa Names CEO of Axa Next and Group Chief Innovation Officer
: Axa has named Delphine Maisonneuve, current chief executive officer of Axa Brazil, to succeed Guillaume Borie as CEO of Axa Next and group chief innovation officer.
Maisonneuve will transition to her new role on Jan. 1. Bor...
Date: December 5, 2019
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AM Best Affirms Credit Ratings of The Bahrain National Insurance Company BSC (c)
: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of The Bahrain National Insurance Company BSC (c) (BNI) (Bahrain). The outlook of these Credit Ratings (ratings...
Date: December 5, 2019
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AM Best Analyst: Rated Captives in Cayman, Bermuda Outperform US Commercial Market
: AM Best rated captives domiciled in Cayman, Bermuda and Barbados consistently post operating and combined ratios 20 points lower than the U.S. commercial insurance market, said Susan Molineux, director, AM Best.
View the v...
Date: December 4, 2019
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Hiscox, Brit Lead New Lloyd’s Space Consortium
: Lloyd’s said it launched a space insurance policy for the emerging private spaceflight industry, backed by a consortium of Lloyd’s syndicates led by Hiscox and Brit.
The policy is designed for “a rapidly growing new space s...
Date: December 4, 2019
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Munich Re, Beazley End Cyber Joint Venture Vector
: Vector, a cyber joint venture between Munich Reinsurance Co. and Beazley plc, is no longer writing new business as of the start of next year, the parent companies said.
“We can confirm that Vector is no longer writing new b...
Date: December 4, 2019
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Chubb Names Head of Industry Practices for UK & Ireland
: Chubb has named Louise Joyce to succeed Karen Strong as head of industry practices for the United Kingdom and Ireland.
Joyce, previously life sciences manager for UK&I, will transition into her new role immediately and rep...
Date: December 4, 2019
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Marmalade Names Underwriting Director
: Marmalade has named Gary Thompson as underwriting director.
Thompson has more than 30 years experience in the industry. He joins the broker from Markerstudy,where he was head of schemes. He previously held roles at NIG, Gr...
Date: December 3, 2019
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Liberty Mutual Surety Names Head of Surety, France
: Liberty Mutual Surety has named Stéphane Lizeray as head of the surety department, France.
Lizeray will transition into his new role immediately. Before joining Liberty, Lizeray was senior surety underwriter for Zurich in i...
Date: December 3, 2019
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AM Best Assigns Issue Credit Ratings to Chubb INA Holdings Inc.’s Senior Unsecured Notes
: AM Best has assigned the Long-Term Issue Credit Rating (Long-Term IR) of “a+” to Chubb INA Holdings Inc.’s (Chubb) (Delaware) recently announced EUR 700 million 0.300% senior unsecured notes due 2024 and EUR 700 million 0.875...
Date: December 3, 2019
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Qlaims CEO: New MGA Hopes to Disrupt the UK Industry With Claims Technology
: New managing general agent Qlaims Insurance, which offers loss-recovery insurance for commercial products in the United Kingdom, hopes to disrupt the U.K. industry, according to its chief executive officer.
“In the same way...
Date: December 3, 2019
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