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AM Best cuts Allied World ICR on casualty results
Allied World has seen its issuer credit rating reduced owing to lower profitability in its casualty business.
Christopher Munro
,
16 February 2019
Sirius rating affirmed despite parent’s liquidity issues
AM Best said Sirius will retain its financial strength rating of A due to its independence from CMIG.
Marissa Page
,
16 February 2019
Fairfax executive says firm ‘not interested’ in Protective
President Paul Rivett denied deal rumours and said the firm is “done” with big acquisitions.
Marissa Page
,
15 February 2019
Canopius set to become top-five Lloyd’s business with AmTrust deal
The Barry Zyskind-led insurer will roll some of its stake into Canopius, while partially cashing out.
Adam McNestrie
,
15 February 2019
The stock is telling us the market does not have confidence in AIG’s turnaround
I’m not entirely sure Mr Market is right to bet against AIG this time.
Gavin Davis
,
15 February 2019
Apollo confirms Cloutier as Aspen CEO as deal completes
Aspen CEO Chris O’Kane and chairman Glyn Jones have now stepped down with immediate effect.
Catrin Shi
,
15 February 2019
AmTrust at Lloyd’s confirms four RITC deals with Enstar
Enstar assumes reinsurance reserves of £650mn through the transactions.
Rachel Dalton
,
15 February 2019
FM Global faces £100mn property loss from Ocado warehouse fire
The online food retailer’s insurance claim is expected to grow through business interruption cover.
Gavin Bradshaw
,
15 February 2019
Malaysia pursues foreign ownership cap compliance
A 70 percent foreign shareholding ceiling was brought in in 2009 but never enforced.
Anna Sagar
,
15 February 2019
Brit’s 2018 loss worsens amid poor investment result
Natural catastrophes added 12 percentage points to the insurer’s combined ratio.
John Hewitt Jones
,
15 February 2019
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