Industry News
Ex-Chubb Exec to Help Build XL Catlin’s North America M&A Insurance Business
XL Catlin hired a former Chubb executive and another expert who will be charged with helping to build up its M&A insurance business in North America. Ex-Chubb exec Michael McGowan and Joseph Laws ...
RenRe Treasurer and Chief Investment Officer Fonner to Depart in March
RenaissanceRe Holdings said that its chief investment officer and treasurer will be leaving the Bermuda-based reinsurer in the 2017 first quarter. Two people will take over his responsibilities. Todd ...Heading into 2017, Commercial Lines Keeps its A.M. Best ‘Negative Outlook’
The commercial lines segment won't be able to shake the negative outlook A.M. Best assigned it anytime soon. The ratings agency said it will keep that assessment the same heading into 2017, because ...
American Family’s Mutual Holding Company Conversion on Track for Early 2017
Policyholders of American Family Mutual Insurance Co. (AFMIC) have voted to approve the company's plan to convert its corporate structure to a mutual holding company. Madison, Wis.-based American ...
Lloyd’s Urges ‘Underwriting Discipline’ in Wake of 2016 Member Losses
Underwriters at Lloyd's of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd's to cut its subscription ...
Beechwood Re Reportedly Exploring Sale After Platinum Woes
The Beechwood group of reinsurance companies is in talks to sell most or all of itself after a backlash from some clients due to its relationship with troubled hedge fund manager Platinum Partners, ...
Tokio Millennium Re Restructures Third Party Capital Markets Facilitation Arm
A division of Tokio Millennium Re focused on third party capital markets facilitation is changing its management structure in a bid to boost efficiency. The changes are coming to Tokio Solution ...
Execs On The Move at Chubb, XL Catlin, CNA and More
Chubb appointed a 25-year insurance veteran to lead Commercial Insurance operations in the Northeast and Mid-Atlantic regions. XL Catlin made key leadership appointments for its Reinsurance ...