Articles

Insurance

AIG appoints McElroy to lead NA general insurance and Levinson as Lexington CEO

American International Group (AIG) has promoted David McElroy, currently president and CEO of Lexington, to president and CEO of general insurance operations in North America, taking over from Lex Baugh.   5 June 2019

Insurance

United expands catastrophe reinsurance tower to $4bn

Florida-based property and casualty insurance company United Insurance Holdings (UPC) has renewed its catastrophe reinsurance programmes, taking its total limit to $4 billion.   5 June 2019

Insurance

Traditional reinsurance capital to remain strong in 2019: Fitch

US property/casualty (P/C) insurers are well placed to weather the landfall of a significant storm in the 2019 hurricane season despite experiencing elevated catastrophe losses in the recent years, according to Fitch Ratings.   4 June 2019

Insurance

Markel swoops on Chubb for global professional liability executive underwriting officer

Markel Corporation has appointed James Proferes as executive underwriting officer for global professional liability.   4 June 2019

Alternative Risk Transfer

White Mountains buys stake in ILS manager Elementum

Bermuda-based White Mountains Insurance Group has acquired a minority equity stake in Elementum Advisors, an insurance-linked securities (ILS) manager with over $4 billion of assets under management.   4 June 2019

Insurance

Everest bolsters professional liability group with Sompo, Navigators and TMR hires

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has bolstered its professional liability group with three new members who join from Sompo, Navigators and TMR.   4 June 2019

Alternative Risk Transfer

SCOR returns to London market for new $250m catastrophe bond

French reinsurer SCOR has returned to the London market for its latest $250 million catastrophe bond to protect itself against losses from named storms and earthquakes in the US and Canada, and windstorms in Europe.   3 June 2019

Insurance

Universal renews 2019 reinsurance programme with extra $134m limit

Universal Property & Casualty Insurance Company (UPCIC) has expanded the top of its reinsurance tower for a single Florida event to $3.28 billion (an increase of $134 million) as part of Universal Insurance Holdings’ 2019-2020 reinsurance programmes, effective June 1, 2019.   3 June 2019

Alternative Risk Transfer

Model clarity will fuel ILS investor appetite

William Dubinsky, managing director & head of ILS at Willis Towers Watson Securities, takes a look at model clarity and other issues facing the ILS market.   31 May 2019

Insurance

HDI Global Specialty taps delegated authority underwriter from Lloyd’s syndicate Starstone

HDI Global Specialty SE, a new specialty lines insurer created from merging the specialty lines activities of Hannover Re and HDI Global, has appointed Karen Frazer to its London-based US delegated authority underwriting team.   31 May 2019

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