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S&P lifts Mapfre Re financial strength rating
The reinsurance business’ financial strength and issuer credit ratings rise to A+ as the ratings agency also upgrades group debt.
Anna Sagar
,
19 November 2019
Moody’s cuts 2020 European insurance outlook to negative
Low interest rates and macroeconomic uncertainty threaten profitability and solvency ratios.
Anna Sagar
,
19 November 2019
Sompo International CEO Frudd moves aside
Mikio Okumura takes the CEO job, while Frudd will retain responsibility for overseas M&A and be a special adviser to the group CEO.
Anna Sagar
,
19 November 2019
UK & Ireland general manager Welsh leaves Hannover Re
The executive focused on casualty classes, including motor, liability and professional indemnity.
Catrin Shi
,
19 November 2019
Hudson Structure's Millette joins CyberCube board on $35mn fundraise
The ILS firm led the fundraising round at the data and analytics business.
Anna Sagar
,
19 November 2019
Japanese insurers’ cat burden eases in H1
Mitsui Sumitomo estimated its Hagibis hit at $2bn while Sompo said it had recovered almost $1bn from reinsurers this year.
Fiona Robertson
,
19 November 2019
Probitas secures capital backing for 20% pre-emption
Smaller Lloyd's businesses have come under scrutiny following a spate of run-offs.
Adam McNestrie
,
19 November 2019
Everest Insurance targets London growth as international rates rise 7%
International CEO Vandendael predicts staff numbers in London and Dublin will rise by about a quarter in 2020.
Laura Board
,
19 November 2019
Mario Greco says he has tamed the large-loss monster at Zurich
Any carrier troubled in recent months by large losses, be they property or casualty, will have noted Zurich CEO Mario Greco’s claim last week that his company has neutralised the threat.
Laura Board
,
19 November 2019
Lloyd’s ILS growth plans will be hampered without tax rule changes
The Corporation said it would lobby regulators and tax authorities to deliver an effective structure.
Lucy Jones
,
19 November 2019
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