Articles
Insurance
UK terrorism mutual reinsurer Pool Re will no longer offer its members reinsurance coverage for contingency cover they provide to their insureds because sufficient capacity now exists within the commercial insurance and reinsurance markets to cover contingency losses arising from acts of terrorism. 7 January 2019
Insurance
The US commercial insurance composite rate averaged an increase of 2 percent in the fourth quarter 2018, which matches the composite rate for the entire year of 2018 (up 2 percent), according to analysis by MarketScout, which compiles commercial and personal lines Market Barometers. 7 January 2019
Insurance
Willis Towers Watson has appointed Colin Forrest as regional leader for Europe, Middle East and Africa (EMEA) in the company’s Insurance Consulting and Technology business. He takes over from Frank Schepers who will step into a new role managing large client engagements. 7 January 2019
Alternative Risk Transfer
Freddie Mac, the US government-sponsored enterprise that provides liquidity to the US mortgage markets by buying mortgages from lenders, transferred a new type of risk into the reinsurance markets as part of an ongoing expansion of its risk transfer programme. 4 January 2019
Insurance
WR Berkley Corporation has made three senior appointments – two are internal promotions while it has also hired a senior executive from Chubb. 3 January 2019
Insurance
JLT Re's global property-catastrophe reinsurance index fell 1.2 percent at the January 1 renewals, despite 2018 being one of the costliest years in terms of catastrophe losses. 2 January 2019
Reinsurance
Enstar Group has announced that one of its wholly-owned subsidiaries completed a previously announced transaction to acquire Maiden Reinsurance North America from a subsidiary of Maiden Holdings. 2 January 2019
Alternative Risk Transfer
Reinsurance treaties with aggregate loss triggers are expected to be vulnerable to the November fire losses in California, following previous qualifying catastrophe events in 2018 that would have utilized some or all of their aggregate deductibles, Fitch Ratings said. 20 December 2018
Insurance
California-based TicketGuardian, an insurtech firm providing technology solutions for its wholly-owned insurance subsidiary, FanShield, has raised $8 million Series A funding led by American Family Ventures and IA Capital Group. 20 December 2018
Insurance
Assurant expects to record between $110 million to $150 million pre-tax, of fourth quarter 2018 reportable catastrophe losses in its global housing segment. 20 December 2018
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