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S&P affirms Sompo ratings

Ratings agency Standard & Poor's (S&P) has affirmed the A+ financial strength and long-term counterparty credit rating of Sompo Holdings' subsidiaries following the acquisition of Endurance

Matthew Neill, 06 October 2016
Syndicate Research downgrades ANV Syndicate

Lloyd's independent research firm Syndicate Research Ltd (SRL) has downgraded its rating of ANV Syndicate 779 to B-^ (Below Average) from B^ (Average) in light of its open year performance and the headwinds to developing a restructured book in the current market

Charlie Thomas, 06 October 2016
Berkshire Hathaway expands to Macau

Berkshire Hathaway Specialty Insurance (BHSI) has received a licence to provide (re)insurance in Macau, the carrier announced today.

Charlie Thomas, 06 October 2016
CCRIF to pay out $975k for Barbados after Matthew

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) tropical cyclone policy expects to pay out $975,000 for losses caused by Hurricane Matthew in Barbados, it announced today

Catrin Shi, 06 October 2016
Endurance ratings reviewed for upgrade by AM Best

Endurance Specialty Insurance Ltd. and New York-traded parent Endurance Specialty Holdings have been placed under review for possible upgrades by AM Best following news that the Bermudian carrier agreed to be acquired by Sompo Holdings

Ted Bunker, 06 October 2016
Solvency II support wanes, Grant Thornton survey shows

Only a quarter of senior executives operating in the UK general, life and health insurance markets believe that operating in accordance with Solvency II regulations is the best way to run their business, according to Grant Thornton UK.

Winifred Okocha, 06 October 2016
CV Starr hires Tulloch, Papadimitriou

CV Starr has brought in Gordon Tulloch as chief underwriting officer for UK property and Jennifer Papadimitriou as a senior underwriter for political risk, The Insurance Insider has learned.

Ted Bunker, 06 October 2016
Greenberg denies knowledge of Gen Re reinsurance payments

Former AIG CEO Maurice ‘Hank' Greenberg has denied he knew of a "side deal" for repayments in the carrier's infamous finite reinsurance deal with Gen Re.

Matthew Neill, 05 October 2016
Matthew bears down on Florida's east coast

Hurricane Matthew could batter the central Florida coast as a category 3 or 4 storm on Friday, according to modelling firm RMS, with sustained winds rising from the 120mph (176kph) forecast by the US National Hurricane Center in Miami.

Ted Bunker, 05 October 2016
M&A activity reignited by attractive Sompo-Endurance deal

After a dearth of deals this year, M&A activity has begun to heat up with Sompo's $6.3bn acquisition of Endurance.

Winifred Okocha, 05 October 2016

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