Articles
Insurance
Bermuda-based run-off specialist Premia Holdings has acquired an Illinois-based property/casualty insurer that was being managed by the Illinois Department of Insurance after being placed into rehabilitation in 2017. 11 January 2019
Insurance
Property/casualty insurer AmTrust has unveiled its strategic plan for the newly private company, while appointing a new leadership team following the departure of certain key executives. 9 January 2019
Insurance
Marsh & McLennan Companies (MMC) has outlined pricing plans to issue $5 billion of senior debt across six different bonds used to fund its acquisition of JLT Group. 9 January 2019
Insurance
Insurer MetLife has appointed Michel Khalaf to succeed Steven Kandarian as its president and chief executive officer (CEO) on May 1, 2019. 9 January 2019
News
Losses for insurers stemming from natural catastrophes were substantially higher than the long-term average in 2018 with an eventful second half of the year contributing to a high overall loss figure of $160 billion, half of which was insured, according to a report by Munich Re. 9 January 2019
Insurance
Everest Re is seeking a new chief executive following the announcement that its current head, Dominic Addesso, will retire at the end of 2019. 9 January 2019
Alternative Risk Transfer
US insurer Liberty Mutual has secured $150 million of collateralised reinsurance capacity through its Bermuda domiciled segregated account company Limestone Re. 9 January 2019
News
Liberty Mutual Re, part of Liberty Mutual Insurance Group, has appointed Uwe Haug as head of underwriting strategy and business development for its global financial risks reinsurance business. 8 January 2019
Insurance
Swiss Re Corporate Solutions has launched a new parametric water-level insurance coverage called FLOW. 8 January 2019
Insurance
Albert Benchimol, chief executive of AXIS Capital, will serve as the chair of the Association of Bermuda Insurers & Reinsurers (ABIR) for 2019; Marc Grandisson, CEO of Arch Capital joins as deputy chair and Kean Driscoll, CEO of Validus Reinsurance, as second deputy chair. 8 January 2019
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