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(Re)insurers need to get smarter with investments: Carmilani
(Re)insurers should respond to the low interest rate environment by being more creative with their balance sheets and generating more return from investments, according to Allied World CEO Scott Carmilani.
26 September 2013
Lloyd’s upgrade would unleash ‘disruptive force’: Pat Ryan
(Re)insurers should respond to the low interest rate environment by being more creative with their balance sheets and generating more return from investments, according to Allied World CEO Scott Carmilani.
26 September 2013
Axis approved for £119mn Lloyd’s syndicate launch
Axis Capital has been given approval in principle to launch a £119mn ($180mn) insurance-focused Lloyd's syndicate that will begin underwriting from 1 January 2014.
26 September 2013
Axis upgraded to A+ by AM Best
Axis Specialty has been rewarded for its track record of "strong" operating performance by having its financial strength ratings upgraded from A to A+ by AM Best
25 September 2013
Reserve cushion lower for US commercial P&C than personal lines: Moody’s
Commercial US P&C insurers will release reserves at a slower pace than personal lines insurers as redundancies for older accident years dwindle, according to ratings agency Moody's.
25 September 2013
CNA gets Fitch upgrade to A
CNA has been given a boost by Fitch with the upgrade of its financial strength ratings from A- to A with a stable outlook.
25 September 2013
Price Forbes profits up 50% despite MGA hit
PFIH Ltd said its pre-tax profit jumped 50 percent last year as rising revenues and lower interest payments helped offset costs associated with an abortive motor market venture
25 September 2013
Willis North America hires new COO
Willis North America has announced that Eric Joost will take up the new position of chief operating officer.
25 September 2013
Lloyd's blesses 1.1 launch of Acappella Syndicate 2014
Former Hiscox plc senior executive David Bruce has received "in principle" approval to launch Acappella Syndicate 2014 on 1 January after the Lloyd's Franchise Board met yesterday (24 September), The Insurance Insider can reveal
25 September 2013
Benmosche apologises for lynching comments
AIG CEO Robert Benmosche has apologised for comments suggesting public criticism of the bonuses paid to the insurer's executives in the aftermath of the 2008 was "just as bad" as racist lynchings
25 September 2013
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