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Company Example A

Overview
Content
Data

Company type

Insurance-Linked Securities (ILS) and Investment Managers

Miscellaneous

Founded
1896

Major offices

Zurich, CH (headquarters)
Nassau, BS

Officers

Smedley MacGuffin (CEO)

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  • Willis Towers Watson has completed its acquisition of the French aviation insurance broker Office d'Assurances Aériennes G de Cugnac (OAAGC)
  • London market carrier Brit has hired Michael Carr as the head of its new US cyber and technology team
  • UK Chancellor of the Exchequer Philip Hammond on Tuesday met insurance CEOs and the head of the Association of British Insurers (ABI) in the first step of a consultation about how the personal injury discount rate should be set.
  • AM Best has comforted insurers after what it called a "drastic" shift in the way personal injury claims are calculated by saying it does not expect to see any rating downgrades on the back of the changes.
  • Aviva has set aside an exceptional charge of £385mn ($478mn) following the decision by the UK government to change the way personal injury compensation is calculated.
  • Scor has reshuffled its leadership responsible for retrocession buying and appointed the former head of its corporate solutions division, Emmanuel Fierens, to the new role of deputy head of underwriting management and retrocession.
  • Fairfax’s latest major insurance acquisition target Allied World reported $42.4mn in fourth quarter profit for 2016, roughly in line with the same period in 2015, as the company absorbed nearly $50mn in catastrophe losses
  • Willis Towers Watson has named Ken Ross as head of its Finex North America business, the management liability specialty group that sits in the firm’s corporate risk and broking segment.
  • Incorporating better risk models and market-based pricing could help make the deeply indebted US National Flood Insurance Program (NFIP) more financially sustainable, an advocacy group backed by some big insurers said today in Washington.
  • Third Point Re's investment management arm, Third Point LLC, has posted a return of 2.6 percent for January, about 80 basis points above the S&P 500'S 1.8 percent performance for the month