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Guernsey Finance expands in Hong Kong

Guernsey Finance will open a representative office in Hong Kong early next year...

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Aon develops new French flood model

Impact Forecasting, Aon Benfield’s catastrophe model development team, has developed a French Flood scenario model...

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Louisiana court backs LRRA over Direct Action Statute

The Louisiana Supreme Court has refused to hear a case against risk retention group Allied Professionals Insurance Company (APIC), leaving the lower court’s favourable decision intact...

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Martin Senn steps down as CEO at Zurich

Martin Senn, CEO of Zurich Insurance, has stepped down from the role after 10 years at the company...

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AGCS appoints technology PI and cyber underwriter

Richard Spotswood has been appointed as a senior technology professional indemnity and cyber underwriter at Allianz Global Corporate & Specialty (AGCS)...

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ACE expands underwriting team in MENA

ACE Group has appointed, Warda Saeed Habib, Ayat Sobeh and Batool Ali to its underwriting team in the Middle East and North Africa (MENA), as it continues to build its insurance capabilities in the region...

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Xchanging signs contract with Aon

Xchanging has signed a contact with Aon to provide Xuber software, implementation services and ongoing support for its wholesale broking operations platform for the London market...

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Bermuda gains Solvency II equivalence

The European Commission has formally recognised Bermuda as fully equivalent with Solvency II...

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Positive outlook for Zale Indemnity

A.M. Best has revised the outlooks to positive from stable and affirmed the financial strength rating of “B++ (Good)” and the issuer credit ratings of “bbb+ for Zale Indemnity and its wholly owned subsidiary, Zale Life Insurance Company...

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Large rate increases for cyber insurance in Q3

Cyber insurance stood out in Q3 as the only line of insurance with consistent, large rate increases, averaging more then 15 percent in the US, according to Marsh’s latest global insurance market quarterly briefing.

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Nissan captive receives ‘excellent’ rating

Bermuda-based Nissan Global Reinsurance (NGRe) has had its “A- (Excellent)” financial strength and “a-” issuer credit ratings affirmed...

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Novae and Securis Investment launch SPS

Lloyd’s insurer Novae Group and insurance-linked securities (ILS) fund manager Securis Investment Partners have launched a new special purpose syndicate...

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