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XL Catlin loses international M&A insurance head

Richard Winborn, head of international M&A insurance for XL Catlin, has left the company after just nine months in the role, The Insurance Insider has learned.

Catrin Shi, 08 December 2017
AIG promotes Sayegh to head of Mena

AIG has promoted Sami Sayegh to head its Middle East and North Africa (Mena) zone, The Insurance Insider can reveal.

Bernard Goyder, 08 December 2017
Opinion: InsurTech inflection point

InsurTech may only be in its "first inning" - as one speaker put it at the InsiderTech conference in New York this week - but already some are suggesting the nascent market is reaching an inflection point.

David Bull, 08 December 2017
CIAB survey shows Q3 decline in P&C rates

Commercial P&C insurance rates decreased by 1.3 percent in the third quarter of 2017, according to a survey by the Council of Insurance Agents and Brokers.

John Hewitt Jones, 08 December 2017
Munich Re-backed InsurTech Nimbla in funding drive

Nimbla, a trade credit insurance start-up, is on the hunt for series A funding.

Bernard Goyder, 08 December 2017
Liberty to redomicile UK insurer to Luxembourg

Liberty Specialty Markets has refined its strategy for retaining access to the European Economic Area after Brexit with a decision to redomicile its UK insurance company to Luxembourg.

Laura Board, 08 December 2017
Benchimol: Industry needs to offer consumers a better deal

The (re)insurance industry needs to be targeting a loss ratio in the 70s and a combined ratio in the mid-90s if it is to stay relevant, according to Axis CEO Albert Benchimol.

Mark Geoghegan, 08 December 2017
Zurich outlook bumped up by AM Best

Zurich group’s A+ financial strength rating outlook was revised to stable from negative by AM Best, which praised the group’s “very strong” balance sheet and “very favourable” business profile.

Dan Ascher, 08 December 2017
United set to triple debt outstanding in $150mn deal

United priced 6.25 percent senior notes to raise $150mn yesterday, more than tripling its total debt outstanding.

Ted Bunker, 08 December 2017
Validus regroups to boost integration and drive growth

Validus has realigned senior management responsibilities in a bid to further integrate and grow its diverse operations.

John Hewitt Jones, 08 December 2017

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