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AGCS: new risks incoming for D&O in 2021

The COVID-19 pandemic has created a highly volatile and uncertain environment for businesses resulting in a litany of new or heightened risks for D&O, according to a new report by Allianz Global Corporate & Specialty

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CNOOC’s captive rating affirmed

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of ICM Assurance (ICMA), based in Barbados

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Steve Quinn joins Robus

Robus, insurance management, fiduciary and financial advisory group, has appointed Steve Quinn as chairman

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Aon extends CelsiusPro as demand grows from clients

Aon has extended its long-term collaboration with parametric technology expert CelsiusPro, as client demand for parametric products continues to grow rapidly

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BMS Group hire David Overton

BMS Group, the independent specialist reinsurance broker, have appointed David Overton as a director in BMS Latin America and Caribbean’s financial lines division, effective immediately

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Zaid Alami joins Generali GC&C

Generali Global Corporate and Commercial (GC&C) appointed Zaid Alami as head of financial lines underwriting Asia

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Ocorian completes acquisition of Newgate Compliance

Ocorian, a financial services group and provider of fund services, corporate services, capital markets and private client services, has completed the acquisition of Newgate Compliance

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Generali global corporate and commercial obtains ISO 9001:2015 certification

Generali’s property and casualty (P&C) unit global corporate and commercial (GC&C) obtains the ISO 9001:2015 certification for the design and implementation of risk engineering and loss prevention (RE&LP) services at global level

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Zurich and Farmers Exchanges agree to acquire MetLife’s US P&C

Zurich Insurance Group subsidiary Farmers Group has agreed to acquire MetLife’s property and casualty (P&C) business in the US together with the Farmers Exchanges for $3.94 billion

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Telefónica’s captive reinsurer ratings affirmed

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Nova Casiopea Re S.A. (NCRe), based in Luxembourg

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Beach & Associates rebrands as Acrisure Re and Acrisure London Wholesale

Beach & Associates, Acrisure’s global reinsurance brokerage, will become Acrisure Re and Acrisure London Wholesale, as part of Acrisure, its parent company, rebrand

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New Jersey Supreme Court upholds ruling for J&J tax refund

The New Jersey Supreme Court has upheld an appeals court ruling that Johnson & Johnson are due a $56 million tax refund

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