Articles
Alternative Risk Transfer
Markel CATCo, which has been conducting an internal review into its loss reserves in 2017, has parted company with two of its senior executives with immediate effect after it appears it discovered evidence of an “undisclosed personal relationship” in the course of the investigation. 21 January 2019
Alternative Risk Transfer
AlphaCat Managers, AIG's third-party reinsurance capital management and insurance-linked securities (ILS) unit, has entered into an ILS transaction with Ledger Capital Markets. 18 January 2019
Insurance
Bermuda specialty re/insurer Argo Group International Holdings has estimated preliminary pre-tax losses of $32 million related to 2018 fourth quarter catastrophic events, primarily driven by hurricane Michael and the California wildfires. 18 January 2019
Insurance
Sirius America, a wholly owned subsidiary of Sirius International Insurance Corporation, has entered into a strategic partnership with Franklin Madison Group, an insurance marketing firm serving financial institutions. 18 January 2019
Insurance
The Bermuda Monetary Authority (BMA) has appointed Jeremy Cox as its new executive chair for a three-year term, replacing Gerald Simons who is retiring as chair of the board. 18 January 2019
Insurance
Bermuda-based Maiden Holdings has sold its European automotive group AVS Automotive VersicherungsService to German insurer Allianz. 17 January 2019
Insurance
Bermuda-based Blue Capital Reinsurance Holdings has raised its fourth quarter catastrophe loss estimates to $30.0 million net of reinsurance and reinstatement premiums from $17.0 million as of Dec. 11, 2018. 17 January 2019
Insurance
Bermuda-based AXIS Capital Holdings has hired Chubb's Keith Schlosser as new chief information officer (CIO). 16 January 2019
Insurance
Investors have launched a lawsuit against Markel Corporation over loss reserves at its wholly-owned subsidiary Markel CATCo Investment Management following the disclosure of regulatory probes by the US and Bermuda authorities. 16 January 2019
Insurance
Bermuda-based re/insurer Arch Capital Group has estimated pre-tax losses of $110 million to $130 million related to 2018 fourth quarter catastrophic events, primarily due to Hurricane Michael and the California wildfires. 11 January 2019
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