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Departing AIG CEO denied 2016 bonus

Peter Hancock, the outgoing CEO of American International Group (AIG), has been denied a bonus for 2016. 20 March 2017

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Willis Re report claims US thunderstorm property risk as high as hurricane risk

According to a new report from Willis Re the risk to US property from thunderstorms is as high as from hurricanes. 20 March 2017

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Ironshore expands M&A team with new hires

Ironshore has announced a string of new appointments in the Americas as it expands its mergers and acquisitions (M&A) capabilities and extends its cover capacity. 17 March 2017

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Fitch: Insurance industry will be transformed by big data

Insurers looking to keep hold and build on market share need to make the best use of ‘big data’, Fitch Ratings has claimed. 17 March 2017

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2016 saw decline in M&A deals, claims Clyde & Co report

2016 saw M&A activity in the global insurance industry fall by 13 percent according to a new report from Clyde & Co. 16 March 2017

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Argo Pro introduces new E&O line

Argo Group International Holdings subsidiary Argo Pro has launched a new Argo PROtect line of products and enhanced errors & omissions (E&O) forms to offer what it described as expanded business opportunities for brokers in the US. 16 March 2017

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Marketline report claims strong growth in non-life market

Recent years have seen strong growth in the global non-life insurance market, registering a compound annual growth rate (CAGR) of 5.4 percent between 2011 and 2015 to reach a value of $2.03 trillion, according to the latest report by research company MarketLine. 16 March 2017

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New casualty risk modelling approach developed by Lloyd’s

Lloyd’s has developed a new data-driven methodology that it claims lets re/insurers accurately model liability exposure probabilistically across their entire portfolios. 15 March 2017

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XL Catlin gains access to Monaco

XL Catlin has been given the regulatory green light to provide insurance policies in the principality of Monaco. 15 March 2017

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Lancashire waits for return of hard market

Alex Maloney, group chief executive of Lancashire, the parent company to Bermuda-based third-party capital management division Kinesis, has claimed that the re/insurance markets remain cyclical, with the industry operating on the very margins of profitability. 15 March 2017

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