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AM Best: Jonas an earnings, not a capital event

Ratings agency AM Best said yesterday (27 January) it expected insurers' capital to absorb losses from Winter Storm Jonas, which hit the US east coast earlier this month

Catrin Shi, 28 January 2016
National General acquires Illinois mutual

Acquisitive US personal lines insurer National General has agreed to buy Illinois-based P&C underwriter Standard Mutual Insurance Company

Dan Ascher, 28 January 2016
Generali to replace CEO by mid-February

Generali is aiming to replace departing CEO Mario Greco by mid-February, according to media reports

Catrin Shi, 28 January 2016
AM Best turns negative on AIG

AM Best has put the rating of American International Group (AIG) under review with negative implications after the insurance giant announced a massive reserve-strengthening exercise and a strategic update.

Dan Ascher, 28 January 2016
United increases winter storm aggregate cover

Florida insurer United Insurance Holdings (UPC Insurance) has renewed and expanded its non-windstorm reinsurance cover as it placed a $20mn aggregate programme in January

27 January 2016
Moody’s downgrades AIG P&C operations

Moody's has downgraded American International Group (AIG)'s P&C insurance ratings today (27 January) to A2 from A1, citing persistent adverse loss development, weak underwriting results and ongoing reserving challenges

Catrin Shi, 27 January 2016
GFIA criticises ‘overly complex’ NTNI proposals

The Global Federation of Insurance Associations (GFIA) has said proposals by the International Association of Insurance Supervisors (IAIS) on defining non-traditional non-insurance activities and products (NTNI) are "overly complex"

27 January 2016
Cat bond issuance falls in Q4: GC Securities

The fourth quarter of 2015 saw the lowest catastrophe bond issuance volume for the period since 2009 and the second-lowest since 2005, according to a report from GC Securities.

Fiona Robertson, 27 January 2016
Marsh launches global excess cyber facility

Marsh has launched a global excess cyber facility with up to $50mn of capacity, it announced today (27 January).

Catrin Shi, 27 January 2016
Ace and Chubb profits fall in Q4

Both Ace and Chubb saw profits fall in the final quarter of 2015, in the last time that the carriers will report independently after their merger closed earlier this month

Dan Ascher, 27 January 2016

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