Articles
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
Insurance
NAGICO Group, one of the largest privately-owned general insurance companies in the Caribbean, renewed a substantial excess of loss treaty with Swiss Re on Jan 1 – and, in a symbolic gesture, signed the deal at sea. 8 January 2019
Insurance
Argo Group US has appointed Gary Grose, Argo Group’s head of marketing and producer management, as the interim head of Colony Specialty, its excess and surplus lines carrier, following the retirement of Ron Vindivich. 8 January 2019
Insurance
CFC, a specialist insurance provider, has launched a new version of its cyber insurance product, introducing coverage for business interruption as well as expanded coverage for a variety of cybercrime activities. 8 January 2019
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