AIG names Fitzsimons CFO as Lyons moves into new role
AIG has shaken up its executive team and named Shane Fitzsimons executive vice-president and CFO, where he will replace Mark…
Negative outlook for Colombia and Costa Rica’s insurance industry, says Best
AM Best is maintaining a negative market segment outlook on Colombia’s insurance industry, and has assigned a negative market segment…
Reinsurance protects Allianz from Storm Bernd losses
Although Allianz has lifted its gross estimate from European flood claims by +22% to €1.1bn, reinsurance appears to have limited…
Marubeni Corporation’s Micronesia captive has ratings affirmed by Best
The captive of Marubeni Corporation, a leading Japanese company, has had its ratings affirmed by AM Best. The ratings agency…
Fidelis renews quota share with Berkshire Hathaway for 2022
Bermuda-based Fidelis Insurance has renewed its 20% whole account quota share with Berkshire Hathaway for 2022. The insurer said this…
Insurers face near-term $100bn-plus nat cat loss per year, finds AIR
Insurers face an average annual nat cat loss bill of about $106bn in the short term, compared to $75bn a…
