All Editorial articles – Page 49
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New president for Aegon Americas
Mark Mullin, a 22-year veteran of Aegon, was formerly executive vice president for Aegon USA
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Three Japanese insurers to merge
New largest non-life insurer in Japan to be formed by Mitsui Sumitomo, Aioi Insurance and Nissay Dowa
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PartnerRe expects $2.1bn of renewal business
Figure relates to non-life business – 60-65% is thought to have been renewed
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Hannover Re buys life portfolio from Scottish Re
$1.2 bn per annum portfolio makes Hannover Re fifth-biggest individual life reinsurer in the US.
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Validus raises Ike estimates by 40%
Hurricane now estimate to have cost the company $235m instead of $165m
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Bids for AIA expected within weeks
AIG expects bids for American International Assurance towards the end of February, according to report
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Arch Capital Group expands underwriting platform
Arch Re Europe launched; Lloyd's managing agent and syndicate planned
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Catlin to form US casualty fac reinsurance unit
New product will be distributed exclusively through reinsurance intermediaries
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Transatlantic Re downgraded
S&P: concerns over AIG’s stake and inability to meet performance expectations
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State Farm terminates contract with Satyam
Insurer ends outsourcing contract with troubled Indian software services company.
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Obama sworn in as President
"We must pick ourselves up, dust ourselves off, and begin again the work of remaking America," he says in inauguration address.
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Citadel in run-off deal with Arthur J Gallagher
Run-off specialist ‘ecstatic’ after creating a run-off sector for the reinsurance intermediary market
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Garand to be sentenced on 4 March
Former Gen Re chief underwriter, found guilty of fraud last year, thought unlikely to receive heavier sentence than CEO
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Fanele nears Madagascar
CAT 1 hurricane wind speeds of 41 m/s reported. Threatens Mozambique also.
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Chaucer makes senior management changes
John Fowle, Andrew Voke and Kim Barber are among underwriter promotions at syndicate
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AIG Chief Investment Officer to step down, says report
Win Neuger will have a narrower role at AIG, according to the Wall Street Journal.
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SCOR gains Labuan life retakaful licence
Approval could mean 20 new takaful clients within one year
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Atlas Partners boosts M&A team
Senior appointments reflect expansion in insurance industry