Aon has expanded its global broking and specialties businesses within its commercial risk solutions division with five senior executive promotions

Ernst & Young has appointed Paul H. Phillips III as chief of operations, global compliance and reporting service line leader.

Tokio Marine Kiln UK insurance company, Tokio Marine Kiln Insurance , will be placed into run-off, alongside portfolios of UK property, liability, marine and engineering risks it is currently underwriting

Randall & Quilter Investment Holdings has agreed to purchase the entire issued share capital of Sandell Holdings and its subsidiary, Sandell Re

The International Accounting Standards Board (IASB) has tentatively proposed amendments to its International Financial Reporting Standards (IFRS) in an exposure draft

Toyota Motor Insurance Company (TMIC) has had its “A” ratings for both financial strength and long-term issuer credit affirmed by AM Best

The Guernsey insurance industry has a “high level of observance” of international practices and standards, as according to the International Association of Insurance Supervisors (IAIS)

International General Insurance (IGI) has had its “A-” financial strength rating consolidated by Standard & Poor (S&P) Global Ratings

The National League of Cities Mutual Insurance Company (NLC Mutual) has appointed Jill Eaton as president and CEO

A group of underwriters from Lloyd’s have established a Product Innovation Facility to improve (re)insurance product development efficiency

The Bermuda House of Assembly has passed a bill proposing limited exemptions to economic substance requirements

Guernsey Finance reveals that the island continues to lead the insurance-linked securities (ILS) industry