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Insurance
Generali CFO leaves amidst restructuring
Assicurazioni Generali group chief financial officer (CFO) Luigi Lubelli is leaving the company as the Italian insurer restructures the business.   1 August 2018
Insurance
XL insurance swings to underwriting loss in Q2
XL Group’s insurance segment produced an underwriting loss in the second quarter of 2017 due to higher large loss activity.   1 August 2018
Insurance
The Hanover appoints head of cyber practice from Munich Re
US-based The Hanover Insurance Group has appointed Eric Cernak as the head of its cyber practice.   1 August 2018
Insurance
Investment income drop weighs on Third Point Re in Q2
A significant drop in investment income has pushed down Third Point Re’s earnings in the second quarter of 2018 while the Bermuda-based reinsurer managed to reduce the underwriting loss.   1 August 2018
Alternative Risk Transfer
NFIP places $500m cat bond
The Federal Emergency Management Agency (FEMA) has secured $500 million in reinsurance for its National Flood Insurance Program (NFIP) through capital markets.   1 August 2018
Insurance
Prior year reserve releases boost Arch Q2 results
Favourable development in prior year loss reserves have given Bermuda-based Arch Capital Group’s earnings a boost in the second quarter of 2018.   1 August 2018
Insurance
Primary insurers to bear the brunt of California wildfires
Primary insurers rather than reinsurers will bear the majority of losses incurred so far in the current California wildfires, according to Keefe, Bruyette & Woods (KBW) analysts.   31 July 2018
Insurance
Randall & Quilter unit strikes underwriting partnership with Atlas General
Bermuda-based Randall & Quilter (R&Q) Investment’s wholly owned subsidiary Accredited Surety & Casualty Company (Accredited) has closed a programme underwriting partnership with Atlas General Services Insurance.   31 July 2018
Alternative Risk Transfer
Arcus Syndicate 1856 promotes Gfeller, Delaney
Arcus Syndicate 1856 (Arcus 1856) has promoted Adrian Gfeller to the position of managing director and Gary Delaney to the position of head of operations effective August 1.   31 July 2018
Insurance
Prior year cat losses hit Everest Re in Q2
Bermuda-based Everest Re reported a sharp drop in earnings for the second quarter of 2018 compared to the previous year primarily driven by the 2017 hurricane events – Harvey, Irma and Maria.   31 July 2018

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