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Corruption probe prompts BTG Pactual Re downgrade

Rating agency AM Best has downgraded the ratings of BTG Pactual Resseguradora (BTG Pactual Re) in relation to an ongoing corruption investigation at its parent company.

Matthew Neill, 05 September 2016
AM Best downgrades Istmo Re with negative outlook

AM Best has downgraded the financial strength rating of Panamanian reinsurer Istmo Compañía de Reaseguros (Istmo Re) from A- to B++.

Matthew Neill, 05 September 2016
Integro acquires hedge fund specialist

Expansive global brokerage Integro has acquired specialist hedge fund risk manager Insurance Revolution for an undisclosed sum.

Matthew Neill, 05 September 2016
Pearce to head heavy industry at Sompo Canopius

Sompo Canopius has hired Spencer Pearce as head of heavy industry, it announced today

Winifred Okocha, 05 September 2016
AIG sells final PICC P&C stake for $190mn

AIG has sold its remaining stake in the People's Insurance Company of China (PICC)'s Hong Kong-listed P&C subsidiary for approximately HK$1.49bn ($192mn)

Matthew Neill, 05 September 2016
Probitas hires Lloyd’s Mexico head for Latam push

Probitas Syndicate 1492 has hired Lloyd's Mexico country manager Gabriel Anguiano to spearhead its growth in Latin America.

05 September 2016
Nelson: Lloyd’s would move business to access single market

Lloyd's chairman John Nelson has said that the insurance market would move business from the City of London into the EU if it is not given guarantees about passporting rights

Charlie Thomas, 05 September 2016
Strong run-off results boost R&Q in H1

Legacy-to-live insurance services provider Randall and Quilter (R&Q) has reported a pre-tax profit of £1.2mn for the six months to 30 June 2016 in a significant turnaround from a £4.5mn loss in H1 2015

Charlie Thomas, 05 September 2016
Chubb enters China marine market

Chubb is expanding its marine offering for importers, exporters and transport operators into China, the company announced on Friday (2 September).

Matthew Neill, 05 September 2016
Hermine insured losses to approach $500mn: KCC

Hurricane Hermine will generate insured losses that are likely to approach only $500mn, according to cat loss estimating and risk management firm Karen Clark & Company.

David Bull, 03 September 2016

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