Articles

Insurance

Greenlight's Einhorn presentation ignites row with Assured Guaranty

Bermuda-based bond insurer Assured Guaranty issued a statement criticising David Einhorn of Greenlight Capital following a short-sale presentation.   24 April 2018

Insurance

RGA appoints new members to the board of directors

Life and health reinsurer Reinsurance Group of America (RGA) has appointed John Gauthier and Hazel McNeilage to its board of directors, increasing the number of members to 11.   24 April 2018

Insurance

Arch partners with Munich Re for mortgage credit assessment

Arch Capital Group unit Arch Credit Risk Services entered into a multi-year agreement with Munich Re to provide mortgage credit assessment and underwriting advisory services related to Munich Re’s involvement in credit risk transfer programmes offered by Fannie Mae and Freddie Mac.   24 April 2018

Insurance

Starr reveals leadership promotions in casualty units

Insurance firm Starr Companies has made several leadership promotions for the New York region and casualty business units.   20 April 2018

Insurance

The Standard partners with insurtech accelerator Plug and Play

Standard Insurance Company has entered into a strategic partnership with Plug and Play Insurtech, a startup accelerator and open innovation platform.   20 April 2018

Insurance

WR Berkley moves BerkleyNet president to oversee certain operations

US insurer WR Berkley has appointed James Gilbert as an executive vice president with oversight responsibility for certain of the company’s operating units.   20 April 2018

Insurance

AIG splits Europe business between UK, Luxembourg ahead of Brexit

American International Group (AIG) is creating two new insurance companies, one in the UK and one in Luxembourg and is splitting the European business among them ahead of the UK leaving the EU.   19 April 2018

Insurance

Allstate faces $361m cat losses in Q1, 2018

US personal lines insurer Allstate Corporation estimated catastrophe losses at $361 million, pre-tax, and $285 million after-tax, for the first quarter 2018.   19 April 2018

Alternative Risk Transfer

Arch secures $375m ILS reinsurance for mortgage risk

Arch Capital Group’s US mortgage insurance operation Arch Mortgage Insurance Company (Arch MI) secured $374,460,000 of indemnity reinsurance from Bellemeade Re 2018-1, a special purpose insurer.   19 April 2018

Insurance

San Francisco M7.0 earthquake would damage more than a million homes

A hypothetical magnitude 7.0 earthquake epicentered in Oakland would damage more than a million homes and less than 10 percent of total residential losses would be insured because of a low residential earthquake insurance take-up in the Bay Area, according to a scenario developed by the US Geological Survey (USGS).   19 April 2018

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