Articles
Alternative Risk Transfer
Bermuda-based Arch Capital Group said on Oct. 25 that its mortgage insurance (MI) business obtained $368 million of indemnity reinsurance from Bellemeade Re 2017-1, a special purpose insurer. 26 October 2017
Alternative Risk Transfer
Hurricane Irma will test the infrastructure and financial wherewithal of some insurers doing business in Florida, particularly newcomers, as Chris Draghi and Michelle Baurkot of AM Best explain. 26 October 2017
Insurance
Bermuda-based AXIS Capital Holdings said on Oct. 25 that the company made a net loss attributable to common shareholders of $468 million in the third quarter of 2017. 26 October 2017
Insurance
French reinsurer SCOR said on Oct. 26 that it posted a net loss of €267 million in the third quarter of 2017 due to the impact of natural catastrophes. 26 October 2017
Insurance
As London takes the first steps towards being able to issue its own ILS deals, Intelligent Insurer assesses the potential of the new ILS framework and discovers that some market participants are bullish about its ability to gain traction quickly. 25 October 2017
Insurance
American International Group (AIG) has appointed former Connecticut insurance commissioner Thomas Leonardi as executive vice president, government affairs, public policy and communications. 25 October 2017
Insurance
Profits at WR Berkley dipped in the third quarter mainly because of catastrophe losses totalling $119 million including $107 million related to Hurricanes Harvey, Irma and Maria, and the earthquakes in Mexico. But the company remained profitable and said it was pleased with its results. 25 October 2017
Insurance
Specialty re/insurer Brit has appointed Courtney Mocio as vice president, cyber and technology at its US unit, Brit Global Specialty USA (BGSU). 25 October 2017
Insurance
Despite significant expected losses in the third quarter from hurricanes Irma, Harvey and Maria and potential rate increases as a result, Lloyd’s is not planning to change the market’s overall exposure to natural catastrophes, Jon Hancock, Lloyd’s performance management director, told Baden-Baden Today. 25 October 2017
Insurance
This year’s Baden-Baden Reinsurance Symposium is more dynamic and busier than the last four as a result of the heavy nat cat losses experienced in the US in the third quarter, David Flandro, global head of analytics for JLT Re, told Baden Baden Today. 25 October 2017
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