Latest Morgan Stanley Headlines
All the headlines from our Morgan Stanley Topic Page, ordered by recency.
Fitch Upgrades Mitsui Sumitomo Insurance to ‘A+’
Feb 14 2019 // Fitch Ratings has upgraded the insurer financial strength (IFS) ratings of Japanese insurer Mitsui Sumitomo Insurance to “A+” (Strong) from “A”. Fitch also affirmed MSI’s issuer default rating...
MS Amlin Launches Comprehensive All-Risks Policy for UK Tech Sector
Feb 14 2019 // MS Amlin, the specialist global re/insurer, has launched a comprehensive all-risks policy designed for the technology sector in the UK, which is called Technology Combined. The product provides companies with cover against...
Japan Insurance Group MS&AD to Raise Stake in Swiss Re’s UK Unit ReAssure
Dec 21 2018 // Japanese insurance group MS&AD Insurance Group Holdings (MS&AD) has agreed to increase its minority stake in ReAssure, Swiss Re’s UK closed life book consolidator, by making an additional cash investment of...
Morgan Stanley: State Farm, Allstate Largest Insurers Exposed to Alaska Quake
Dec 3 2018 // State Farm, Allstate and USAA have the lion’s share of exposure from the magnitude 7.0 earthquake that struck Alaska on Nov. 30, according to a Morgan Stanley Research brief put out on Monday. The epicenter was...
Judge Rules Racial Bias Claim Against Bank Must Go to Private Arbitration
Oct 4 2018 // A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a federal judge ruled on Wednesday. U.S. District Judge John Koeltl in Manhattan...
AXA Wasn’t the Only Party Interested in Acquiring XL
May 4 2018 // According to details revealed in a public filing earlier this week, two parties approached XL Group for potential tie-ups before AXA started to pursue a deal—and seven, in total, were interested before AXA and XL agreed...
Business Moves
Apr 2 2018 // Alliant, Hecht & Hecht Alliant Insurance Services Inc. has acquired Portland, Ore.-based Hecht & Hecht’s property/casualty insurance services. The deal will bring Hecht & Hecth’s P/C insurance...
Texas Agencies TCOR, Legacy, MS&B Merge
Mar 6 2018 // New Braunfels, Texas-based TCOR Management announced a merger with Legacy Insurors Group LLC, and MS&B Bonds and Insurance Services LLC, effective March 1. The operations of these two entities will continue under TCOR...
MS Amlin Creates Bermuda-Based Reinsurance Sidecar, Viribus Re
Jan 8 2018 // MS Amlin, the London-based specialist re/insurer, announced that a Bermuda-domiciled special purpose reinsurer, Viribus Re Ltd., has been created to provide collateralized capacity support for MS Amlin Syndicate...
Beale to Succeed Philipps as CEO of MS Amlin
Jan 4 2018 // MS Amlin announced that Simon Beale, MS Amlin’s chief underwriting officer, will succeed Charles Philipps as CEO on April 1, 2018. With immediate effect Simon Beale will become deputy CEO, James Illingworth will...
Neon Names Heppell from MS Amlin as CFO
Nov 27 2017 // Neon has announced the appointment of Richard Heppell as chief financial officer, effective Nov. 20. Most recently CFO at MS Amlin, Heppell oversaw the complex integration of the Amlin and Mitsui Sumitomo Insurance...
Japan’s MS&AD to Invest $1B in Swiss Re’s UK Unit, ReAssure Jersey One
Oct 6 2017 // Japan’s MS&AD Insurance Group Holdings Inc said on Friday it had agreed with Swiss Re AG to invest 800 million pounds ($1.05 billion) to take a stake of up to 15 percent in UK-based ReAssure Jersey One...
Analysts Expecting a Short-Term Hard Market for Property Risks
Oct 2 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey. In related analysis, a new Morgan Stanley report...
Global Reinsurers Face Exposures to Mexico City Earthquake: Morgan Stanley
Sep 21 2017 // Global reinsurers will likely face exposures from a massive magnitude 7.1 earthquake that struck Mexico City on Sept. 19, Morgan Stanley said in a new research note. This earthquake led to dozens of deaths and the toppling...
Hurricanes to Usher in Short-Term Hard Market for Property Risks: Survey
Sep 18 2017 // Damage left by Hurricanes Irma and Harvey will lead to a hardened property market and pricing correction, at least in the short-term according to a new KPMG survey. In related analysis, a new Morgan Stanley report...
BHSI Opens Dublin Office, Names MS Amlin’s McNamara to Head Operations
Aug 1 2017 // Berkshire Hathaway Specialty Insurance Co. (BHSI), announced it has established a new office in Dublin and appointed Cormac McNamara as Property & Casualty manager, BHSI Ireland. “Cormac will build our local team...
MS Amlin to Re-Domicile its Post-Brexit European Headquarters to Belgium
Jun 28 2017 // MS Amlin, the specialist global re/insurer, plans to re-domicile its European business, Amlin Insurance Societas Europaea (AISE), to Belgium in response to Brexit. MS Amlin said it will keep its global headquarters in...
Petplan Australasia Announces Affiliation with MS Amlin
May 22 2017 // Petplan Australasia announced that MS Amlin Syndicate 2001 of Lloyd’s will become the new underwriter of its pet insurance plans in Australia – a move that is designed to enhance policyholder benefits with broader...
Neon Builds Claims Team by Appointing MS Amlin’s Coley, XL Catlin’s Sterling
May 10 2017 // Neon has completed the build-out of its claims team with the recent appointments of Gavin Coley as technical head of claims and James Sterling as claims manager for professional indemnity & financial...
Lloyd’s Begins Operating in India with MS Amlin as 1st Underwriter
Apr 5 2017 // Lloyd’s, the specialist insurance and reinsurance market, announced it has begun to operate in India with MS Amlin as the first Lloyd’s business to join the branch and begin underwriting. Lloyd’s India...
