Global Economy
A.M. Best, Fitch Place AIG Under Review Over Anticipated Reserve Charge
American International Group won't be reporting its Q4 2016 financials until Feb. 14, but a disclosure about a "material adverse reserve adjustment" from the insurer for its U.S. commercial business ...
The Latest Launches From Hiscox and Brit Ltd.
Hiscox recently started selling a policy designed to give clients added crisis management services. Brit Ltd. unveiled a new Lloyd's consortium for yachts. *** Hiscox has started selling a Security ...
UK Lawmakers to Start Limited Debate of Brexit Bill on Jan. 31
Prime Minister Theresa May's government will push its draft law to trigger the start of the Brexit process through the House of Commons within two weeks in a rush to stick to her March 31 deadline. ...
Valen Analytics Sold to Much-Larger Insurity for Undisclosed Price
Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial ...
Executives On The Move at CNA and Chubb
CNA created a new executive position focused on integrating technology and operations, and hired an Axis Capital veteran to fill the job. Over at Chubb, the insurer hired a former Allied World senior ...
2017 Cat Bond Issuance Could Approach Record Levels: Aon Report
Total catastrophe bond issuance for calendar year 2016 reached $5.8 billion – a decrease from US$6.9 billion in 2015 – principally due to ongoing competitive re/insurance market conditions, ...
W.R. Berkley Suspends London-Based Marine Underwriting
W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward. W/R/B Underwriting, the company's ...
Germany Reportedly Plans Brexit Move Talks With 20 Banks
German regulators will meet more than 20 foreign banks on Monday to spell out requirements for moving some operations to Frankfurt, people familiar with the matter said, as the city accelerates plans ...