Standard & Poor’s Ratings Services has concluded that “Europe’s insurers are allowing themselves to be caught up in the gloom that shrouds equity and capital markets.” In a report entitled – “European Insurance Sector’s Credit Quality Remains Healthy Despite Gloomy …
Standard & Poor’s Ratings Services has published two reports, coinciding with the Reinsurance Rendezvous in Monte Carlo, which examine the reinsurance industry’s progress in implementing risk management techniques, the current pricing levels for reinsurance, and the possible effect on company …
The ACE Group of Companies has announced the appointment of Douglas Reynolds as head of international personal lines and small-to-medium enterprise (SME) business. He will be responsible for expanding ACE’s presence in the personal lines and SME markets, focusing primarily …
Marsh has appointed Nicola James, who recently completed its Graduate Program, as a Consultant in its London-based Strategic Risk Practice. She will work with clients’ senior management teams globally to ensure that risk management is being used as an effective …
New York officials say a construction worker’s rigging license has been suspended and he’s facing administrative charges after a worker plummeted 40 stories to his death at a midtown Manhattan skyscraper. The city Department of Investigation and Buildings Department say …
Lloyd’s announced the appointment of Eric Gao, formerly Director & General Manager of Swiss Re’s Beijing branch, as its new CEO for Lloyd’s Reinsurance Company (China) Ltd. He “will focus on strengthening Lloyd’s existing relationships and developing new ones within …
A special report on the reinsurance industry from A.M. Best indicates that “the global reinsurance sector should remain profitable in 2008.” However, Best added that it “believes results will reflect more accurately market trends as margins are expected to moderate. …
Swiss Re’s bulletin from Monte Carlo stresses that the “(re)insurance industry is facing a more challenging business environment, characterized by continued soft (re)insurance markets, stock market turbulence and an active hurricane season. Elevated inflation in many countries poses an additional …
Bermuda-based Allied World Assurance Company Holdings announced that it will open a branch office in Zug, Switzerland that offers reinsurance products throughout Europe and beyond. The office, located at Lindenstrasse 4, 6340 Zug/Baar, will officially open on October 1, 2008. …
XL Capital announced that it has appointed Jacob D. Rosengarten as Executive Vice President and Chief Enterprise Risk Officer of the XL group of companies. He is currently a Managing Director of Goldman Sachs, and will join XL on September …
