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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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  • The largest UK motor reinsurance broker Capsicum Re has warned that reinsurers will feel the major impact of spiralling personal injury compensation costs after the UK government unexpectedly pushed the discount rate into negative territory.
  • Allianz Global Corporate & Specialty (AGCS) is looking to reduce its existing global headcount by up to 10 percent via a programme of voluntary redundancies, The Insurance Insider can reveal
  • Activist investor Carl Icahn's representative on AIG's board of directors Samuel Merksamer has quit the billionaire's firm and is weighing setting up his own hedge fund, according to reports.
  • Directors of American International Group reportedly are considering punishing or even ousting the insurance giant’s CEO Peter Hancock following dismal fourth-quarter results that sent its shares tumbling by almost 10 percent.
  • Reinsurers will be hit hardest by the UK government's surprisingly steep reduction in the rate shaved off lump-sum personal injury payments, with reserves and underwriting profitability set to come under unexpected pressure
  • Berkshire Hathaway reported a near twofold rise in its insurance underwriting income in the fourth quarter, with earnings going up from $306mn to $548mn
  • Asta has entered a financing agreement for the development of Middle East specialist managing general agent (MGA) Arma Underwriting Limited
  • Fourth quarter operating earnings at AmTrust plummeted 42 percent year-on-year to $66.3mn after it took a $65mn charge to strengthen reserves in its specialty programme segment
  • Skuld grew by 11 percent at renewal, bringing its mutual protection and indemnity (P&I) gross tonnage to 88.5 million
  • MS Amlin has acquired Phoenix Underwriters, a Hong Kong-based managing general agency (MGA) that specialises in insuring yachts