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Insurance
A recovery of the US excess and surplus (E&S) lines insurance market is benefitting US property & casualty (P/C) insurance companies, according to a Fitch Ratings report. 14 September 2018
Insurance
Validus Specialty has expanded its product suite with the launch of crisis management insurance solutions in the US, and appointed Jane McCarthy to lead the development of the new portfolio. 14 September 2018
Alternative Risk Transfer
The re/insurance industry should brace itself for losses of between $15 billion and $20 billion, according to the guidance of risk modelling agencies and analysts. 13 September 2018
Insurance
Hurricane Florence has weakened to a Category 2 storm as it approaches landfall in the US – but it is very slow moving and could linger the coastline bringing catastrophic flooding and heavy losses to insurers. 13 September 2018
Insurance
Private equity firm The Carlyle Group will acquire the majority ownership of technology-driven risk solutions provider Sedgwick in a transaction valued at approximately $6.7 billion. 13 September 2018
Alternative Risk Transfer
Hurricane Florence could trigger the risk transfer mechanisms put in place by the National Flood Insurance Program (NFIP) – for the second year in a row. 13 September 2018
Insurance
Property/casualty insurer Travelers Companies has appointed Mojgan Lefebvre as executive vice president and chief information officer. She succeeds Madelyn Lankton, who will retire this month after 36 years with Travelers. 12 September 2018
Insurance
Liberty Mutual has launched a new global transaction solutions (GTS) unit to serve the growing market for mergers & acquisitions (M&A) insurance solutions. 12 September 2018
Insurance
Zurich Insurance has appointed Brandon Fick as new chief underwriting officer for Zurich North America. 12 September 2018
Insurance
Everest Insurance has expanded its Everest Specialty Underwriters (ESU) financial lines group with the addition of three new cyber liability team members. 12 September 2018
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