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Insurance
The inability of the reinsurance sector to materially raise rates after 2017's major catastrophe losses shows that the traditional catastrophe reinsurance business model is "permanently" impaired, which, along with other factors, should drive sustained consolidation, according to KBW analysts. 25 May 2018
Alternative Risk Transfer
Mid-year catastrophe reinsurance renewal rate increases are lagging January 1 hikes, notwithstanding mid-year's higher prevalence of loss-impacted accounts and hurricane Irma's continuing modest loss "creep," according to KBW. 25 May 2018
Insurance
JLT Re has appointed Alain Bizet as senior vice president (SVP) in Miami to join the broker’s property treaty team. 25 May 2018
Insurance
US-based Insightin Health, a digital health company that provides an artificial intelligence-driven (AI-driven) customer relationship management system for health plans, announced the launch of its platform and the closing of a $2 million seed stage financing round. 25 May 2018
Insurance
Bermuda-based PartnerRe posted a first-quarter 2018 net loss attributable to common shareholder of $120 million after a net income of $38 million for the same period of 2017 25 May 2018
Alternative Risk Transfer
TigerRisk Capital Markets & Advisory (TCMA), the insurance-focused investment banking subsidiary of TigerRisk Partners has created Panthera Re to facilitate access to third-party capital investors for insurance and reinsurance clients. 24 May 2018
Insurance
General Electric (GE) is working with investment bankers to find ways to shed its insurance business, Reuters reported on May 22 citing “people familiar with the matter”. 24 May 2018
Insurance
Bermuda-based financial guaranty insurance provider Assured Guaranty filed an adversary complaint against the Commonwealth of Puerto Rico, the financial oversight and management board for Puerto Rico (Oversight Board), Puerto Rico governor Ricardo Rosselló Nevares and others. 24 May 2018
Insurance
Specialist insurer QBE North America has launched a policy offering coverages for construction projects as part of its inland marine product expansion. 24 May 2018
Insurance
Farmers Group has appointed current chief claims officer Keith Daly as the new president of personal lines effective June 11. 24 May 2018
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