Articles

Insurance

Carr, Mendocino fire claims top $845m

California’s Carr and Mendocino complex fires’ claims top $845 million and are now counted among the most destructive wildfires in the state's history, according to California’s Insurance Commissioner Dave Jones.   7 September 2018

Alternative Risk Transfer

Duperreault wants to use more ILS to reduce AIG volatility

American International Group (AIG) CEO Brian Duperreault is in the process of reducing volatility of the company’s portfolio and insurance-linked securities (ILS) capabilities acquired through the Validus takeover are expected to help to reach this goal.   6 September 2018

Insurance

Bulk of recent cat losses to be borne by insurers

Recent natural catastrophes are likely to have only limited impact on reinsurers as the bulk of the losses will be borne by primary insurers, according to S&P Global Ratings.   6 September 2018

Insurance

Everest taps former Guy Carp insurtech, innovation leader for global role

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has hired former Guy Carpenter head of innovation and product development Don Mango.   6 September 2018

Insurance

Arch Insurance appoints new head of US property from AIG

Arch Insurance, part of Bermuda-based re/insurer Arch Capital Group, has hired AIG's Valerie Turpin as executive vice president (EVP) and head of US property.   6 September 2018

Insurance

CNA appoints Accenture veteran as new COO succeeding Merten

Chicago-based commercial insurer CNA has appointed Michael Costonis as its new chief operations officer (COO), responsible for leading all information technology, analytics and operations functions across the organisation.   5 September 2018

Insurance

Lockton launches capital markets unit

Broker Lockton has launched a new investment banking and capital markets operation in New York and has appointed Vishal Jhaveri as its CEO.   5 September 2018

Insurance

Markel poaches senior underwriter and risk analyst from Zurich

Specialist insurer Markel Corporation has appointed Jennifer Chang as underwriter and senior risk analyst in its trade credit and political risk operation in New York.   5 September 2018

Insurance

Catalina creates new M&A, reinsurance post to drive US growth

Bermuda-based Catalina Holdings has appointed Parri Spector director of mergers and acquisitions (M&A) and reinsurance transactions.   5 September 2018

Insurance

Fitch downgrades Cigna on $24bn debt raise for Express Scripts acquisition

Fitch Ratings has downgraded the Insurer Financial Strength (IFS) ratings of US health insurer Cigna Corporation’s operating subsidiaries to 'A' (Strong) from 'A+'.   5 September 2018

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