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AM Best withdraws credit ratings of AEGIS Lloyd’s Syndicate 1225

4 June, 2018 - 10:32
Rating agency AM Best has withdrawn its ratings of Lloyd’s Syndicate 1225, which is managed by AEGIS Managing Agency, at the firm's request.

Liberty creates new London Market claims role

4 June, 2018 - 10:30
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Andrew Pedler to the newly created role of claims manager – client relationships.

McLarens strengths Australian team with three hires

4 June, 2018 - 10:29
McLarens, a global loss adjusting firm specialising in complex and commercial claims, has hired Stuart Crofton from Cunningham Lindsey as head of its property loss adjusting division in Australia.

Federal National agrees to 2018-2019 reinsurance programme

1 June, 2018 - 11:11
Federated National Holding Company has finalised its excess of loss catastrophe reinsurance programme for 2018-2019.

AXIS Re unveils strategic overhaul, market expansion plans

1 June, 2018 - 10:16
AXIS Re, the reinsurance segment of Bermuda-based AXIS Capital Holdings, has revealed a series of strategic changes intended to increase client satisfaction and drive profitable growth.

2017 costliest year on record for UK specialty market: EY

1 June, 2018 - 10:16
Hurricanes Harvey, Irma and Maria - along with the Californian wildfires - all contributed to the costliest year on record for the UK specialty insurance market in 2017, according to EY’s annual specialty results analysis.

SCOR is first reinsurer to sponsor UK cat bond

1 June, 2018 - 10:16
SCOR has become the first reinsurer to use the new UK ILS regime to issue a catastrophe bond.

The Hanover hires alternative markets unit leader from Zurich

1 June, 2018 - 10:16
US-based property/casualty insurer Hanover Insurance Group has appointed Frank Baron as president of alternative markets, a newly formed business unit within the company's domestic specialty group.

Nippon Life acquires 85.1% stake in MassMutual Japan

1 June, 2018 - 10:15
MassMutual International has completed its sale of 85.1 percent of MassMutual Japan - its wholly-owned life insurance and wealth management affiliate - to Osaka-based mutual life insurer Nippon Life.

The Hartford completes Talcott sale

1 June, 2018 - 10:15
The Hartford's run-off life and annuity businesses Talcott Resolution has been acquired by an investor group, and will now operate as an independent stand-alone insurance company headquartered in Windsor, Connecticut, with an office in Woodbury, Minnesota.

Chubb appoints new energy practice leaders

1 June, 2018 - 10:15
Insurer Chubb has strengthened its energy industry practice with two new leadership appointments for the mid and large market segments.

Wilmington Trust adds to insurance collateral solutions team

1 June, 2018 - 09:19
Wilmington Trust has appointed Michael Ramsey as a client development officer for its insurance collateral solutions team, part of the company’s global capital markets division.

Aon appoints new reinsurance solutions CEO

31 May, 2018 - 14:14
Broker Aon has appointed Andrew Marcell as chief executive officer of its reinsurance solutions business.

Envelop Risk bolsters board with former XL Group CEO

31 May, 2018 - 14:14
London-based Envelop Risk, a newly-launched global specialty cyber insurance analytics and underwriting firm, has appointed former chairman and CEO of XL Capital (now XL Group) Brian O’Hara to its board of directors.

Insurtech FitSafe attracts $250k strategic investment

31 May, 2018 - 13:22
Insuretech platform FitSafe has received a $250,000 investment from insurance broker SterlingRisk which acquired a passive, one percent minority equity interest in the firm, valuing the startup at $25 million.

Cyber industry loss warranties aid affirmative and silent cover

31 May, 2018 - 13:14
The global cyber insurance market is a mess right now, argues Tom Johansmeyer of PCS, Verisk Insurance Solutions, while debating potential consequences and solutions.

Universal expands reinsurance tower to $3bn

31 May, 2018 - 12:22
Universal Property & Casualty Insurance Company (UPCIC) has expanded the top of its reinsurance tower for a single Florida event by $350 million to $3.00 billion as part of Universal Insurance Holdings’ 2018-2019 reinsurance programmes, effective June 1, 2018.

Retro: what cyber needs next

31 May, 2018 - 11:30
Tom Johansmeyer of PCS, Verisk Insurance Solutions, takes a look at the potential in cyber risk transfer.

Taking the cyber lead

31 May, 2018 - 11:06
Hiscox recently announced it had expanded into the ILW market with a new cyber ILW product – the first to respond specifically to cyber losses. Devin Page, assistant vice president – underwriting, Hiscox Re, explains how Hiscox developed the new product and how innovation and ILWs may be natural bedfellows.

ILS market reports record Q1 issuance

31 May, 2018 - 10:53
The first quarter of 2018 has seen record levels of growth in the ILS market. Intelligent ILS investigates.

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