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XL Catlin moves Barbuti to lead global casualty unit

XL Catlin has named James Barbuti as head of its multinational casualty insurance segment.

Ted Bunker, 18 November 2016
White Mountains adds $400mn to buyback programme

White Mountains has expanded its share repurchase plan, with the board granting authorisation for management to buy back an additional 500,000 shares.

Ted Bunker, 18 November 2016
AIG nets $300mn from sale of Seoul property complex

AIG has reported a gain of about $300mn from the sale of a major property in the financial district of Seoul, South Korea.

Ted Bunker, 18 November 2016
West of England Club upgraded to A-

Standard & Poor's (S&P) has raised its financial strength and long-term counterparty credit ratings for the West of England Club from BBB+ to A-, it announced today.

Charlie Thomas, 18 November 2016
FM Global names Ingram as CFO

Kevin Ingram is to succeed Jeffrey Burchill as chief financial officer at FM Global, the carrier announced last week (10 November).

Charlie Thomas, 18 November 2016
Hiscox appoints Bowen as Europe CUO

Global insurer Hiscox has promoted Justin Bowen to chief underwriting officer (CUO) for its European operations.

Charlie Thomas, 18 November 2016
Domestic book drives 84% profit hike at Tokio Marine

Tokio Marine's half-year profits increased by 83.7 percent to 213bn yen ($1.95bn), driven by the performance of its domestic non-life arm.

Charlie Thomas, 18 November 2016
IAG expects A$200mn losses from NZ quake, storms

IAG said it would take net losses of A$200mn ($148mn) from the New Zealand earthquake and recent Australian and trans-Tasman storms, leaving its aggregate reinsurance contracts on the hook to pick up any excess claims.

Fiona Robertson, 18 November 2016
PCS revises down Canada wildfire loss to C$3.98bn

PCS has reduced its estimate of insured losses from the Fort McMurray wildfires to C$3.98bn ($2.96bn), as insurers get a better handle on claims from the event.

Lucy Jones, 18 November 2016
WR Berkley launches cyber business

WR Berkley has formed a new cyber insurance business under the leadership of Tracey Vispoli, an underwriting executive who previously ran a $1.6bn unit for Chubb.

Adam McNestrie, 18 November 2016

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