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Willis Re: Market could ‘bump along the bottom’ for years
Although rate softening slowed at the mid-year renewals, abundant capacity and an absence of cats could see the reinsurance market bump along the bottom of the cycle for years, according to Willis Re.
01 July 2016
Freddie Mac mortgage (re)insurance transfer hits $5bn
A trio of new (re)insurance policies structured and placed by Aon Risk Solutions and Aon Benfield have taken total credit risk transfer by US mortgage guarantor Freddie Mac to $5bn.
David Bull
,
01 July 2016
RLI offers new excess cyber cover
US specialty insurer RLI has launched a new cyber liability cover through its executive products group.
01 July 2016
Admiral promotes Zeitman to president
E&S writer Admiral Insurance has named Scott Barraclough as its new president, with his predecessor, Steven Zeitman, moving into the chairman position.
01 July 2016
The Hanover launches Bermuda E&S vehicle
The Hanover's new Bermuda subsidiary has been assigned an A rating by AM Best as the US insurer uses the vehicle to support its expansion in the E&S space.
01 July 2016
Russia creates state reinsurer amid competition concerns
The Russian parliament has passed legislation that will allow the creation of a state reinsurer, which will be known as National Reinsurance Company (NRC)
30 June 2016
Chubb rebrands Ace New Zealand operation
Ace Insurance in New Zealand will change its name to Chubb Insurance New Zealand from 1 July, the firm announced today (30 June).
30 June 2016
Scor Global P&C reshuffles US management
Scor Global P&C has promoted John Jenkins to P&C treaty reinsurance chief underwriting officer (CUO) for the Americas, according to an internal memo.
30 June 2016
Esure denies takeover offers
UK-listed motor carrier Esure has denied receiving potential offers for a portion of the company.
30 June 2016
Lloyd’s says 4% of GWP put at risk by Brexit
Lloyd's has identified that 4 percent of its global gross written premium (GWP) is likely to be affected by the UK's withdrawal from the EU single market
30 June 2016
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