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Insurance
US personal lines insurer Allstate Corporation has estimated catastrophe losses for the month of July 2018 at $262 million, pre-tax and $207 million after-tax. 17 August 2018
Insurance
Australia-based QBE has benefitted from improvements in its North American operations in the first half of 2018 while the European unit’s performance weighed on results. 16 August 2018
Insurance
Legacy acquirer DARAG has appointed James Halley as group chief financial officer, effective Sept. 3, 2018. 16 August 2018
Insurance
Specialist insurer QBE North America, a unit of Australia’s QBE Insurance Group, has agreed to sell its personal insurance business to Safeco Insurance, a Liberty Mutual Company. 16 August 2018
Insurance
Connecticut-based startup Tremor Technologies has launched a risk placement marketplace for reinsurance protection. 16 August 2018
Insurance
Brit Global Specialty USA (BGSU) has affirmed its commitment to the US Yacht market after media reports saying that Brit Global Speciality, Lloyd’s syndicate 2987, ended its yacht insurance business lines. 15 August 2018
News
Reinsurers have embraced third-party capital through instruments like sidecars, collateralized reinsurance, and catastrophe bonds and the retrocession market increasingly depends on this convergence capital, a new report by S&P Global Ratings states. 15 August 2018
Insurance
Monsanto has been ordered to pay $289 million damages to a man who claimed herbicides containing glyphosate had caused his cancer in a court ruling that sets worrying precedent for insurers, according to law firm Clyde & Co. 14 August 2018
Insurance
XL Catlin’s North America construction business has added Jillian Eckert and Laura Travis in Philadelphia to address the construction industry’s excess casualty insurance needs, the company said. 14 August 2018
Insurance
AXIS Capital Holdings has appointed Anne Kelly as global head of ceded reinsurance, effective Sept. 4, 2018. 13 August 2018
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