Articles
Insurance
Everest Re Group expects to report a charge for net reserve adjustments of approximately $250 million, after tax, for the second quarter of 2018. 20 July 2018
Insurance
Property/casualty insurer Travelers saw catastrophe losses rise by $85 million pre-tax year on year to $488 million in the second quarter of 2018, impacting the results in the quarter. 19 July 2018
Insurance
US personal lines insurer Allstate Corporation has estimated its catastrophe losses for the month of June 2018 at $417 million pre-tax ($329 million after-tax). 19 July 2018
Insurance
US-based IAT Insurance Group has hired Donna McDermott as head of IAT Reinsurance (IAT Re) to succeed senior vice president Jim Miller who plans to retire on March 1, 2019. 19 July 2018
Insurance
Specialty insurer RLI has been impacted by volcanic activity in Hawaii but managed to improve earnings in the second quarter of 2018 nevertheless. 19 July 2018
Insurance
Willis Towers Watson has extended the contract with CEO John Haley for an additional two years in order to facilitate an orderly succession of the chief executive officer position. 19 July 2018
Insurance
American International Group (AIG) has completed its acquisition of Bermuda-based Validus Holdings after receiving regulatory and shareholder approvals. 18 July 2018
Alternative Risk Transfer
The Federal Emergency Management Administration (FEMA) will launch a cat bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through Flood Smart Re, a Bermuda-domiciled insurance vehicle. 18 July 2018
Insurance
American International Group (AIG) could potentially free up between $2 and $5 billion capital through the legacy portfolio transferred to DSA Re, a wholly-owned Bermuda-based reinsurer formed in February, 2018, according to Morgan Stanley research. 18 July 2018
Insurance
Tokio Marine HCC has bolstered its management structure with several promotions within the specialty group that provides insurance products for the sports, entertainment and travel industries. 18 July 2018
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