XL Catlin’s P&C Underwriting Capital Management operation has appointed Anne Middleton to manage its ceded reinsurance placements globally. In her new role, Middleton, who is based in Londo, will be responsible for overseeing and negotiating the terms, structure and pricing …
OneBeacon Insurance Group Ltd., the specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people familiar with the matter said. The Bermuda-based company recently began working with Credit Suisse Group AG to solicit offers from rival …
Aon Global Risk Consulting, in collaboration with TNO, a research agency, has launched the Aon Loss Estimating Risk Tool (ALERT), a new modelling tool for oil, gas and petrochemical clients. The new tool is able to model the potential financial …
The hunt for Malaysia Airlines Flight 370 was called off Tuesday after almost three years of fruitless toil. The Boeing Co. 777 aircraft disappeared on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on …
Aon announced it has completed its acquisition of Admix, the São Paulo, Brazil-based health and benefits brokerage and solutions firm. Financial terms were not disclosed. “Admix’s brokerage and operational platform combined with Aon’s world-class actuarial, brokerage, and consulting capabilities creates …
Insurer Legal & General Group Plc plans to disclose how much more its chief executive earns than rank-and-file employees, becoming one of the first big U.K. companies to respond to growing concern about wage inequality with greater openness about pay. …
Allied World Assurance Co. Holdings AG announced that Kym Beazleigh has been appointed vice president, Professional Liability, Australia, based in Sydney. He will report to Ed Moresco, senior vice president, Professional Liability. Beazleigh joins Allied World from Zurich Australia Insurance …
China’s cabinet issued measures on Tuesday to further open the world’s second-largest economy to foreign investment, including easing limits on investment in banks and other financial institutions. China will lower restrictions on foreign investment in banking, securities, investment management, futures, …
Lloyd’s of London will make an announcement on its new European subsidiary by the middle of April at the latest, its Chairman John Nelson said on Tuesday, as it prepares for Britain’s exit from the European Union. The world’s largest …
Overall, just 26 percent ($54 billion) of overall economic losses caused by natural disasters worldwide during 2016 were covered by insurance as a higher percentage of damage occurred in areas with a lower insurance penetration. However, the public and private …
