Articles
Insurance
Bermuda-based Sirius International Insurance Group has become a publicly listed company, trading on the Nasdaq, following the completion of its merger agreement with Easterly Acquisition. 6 November 2018
Alternative Risk Transfer
A record-high $1.6 billion of non-life insurance-linked securities (ILS) capacity was issued in Q3, 2018, according to Willis Re. 6 November 2018
Insurance
Pacific Gas & Electric Corporation and its operational subsidiary PG&E Company, the company accused of starting several of California’s record-breaking wildfires in 2017 and 2018, has filed for Chapter 11 bankruptcy protection. 30 January 2019
Insurance
WR Berkley posted positive results for 2018 despite what it called a period of elevated worldwide catastrophes, but it shrank its reinsurance unit stressing that it will “grow where it can achieve its targeted return, while de-emphasizing less attractive opportunities”. 30 January 2019
Insurance
Specialist Lloyd's insurer Neon has expanded its political and credit risk team with hires from Chubb, Gallagher and Euler Hermes, across underwriting and credit analysis, and entry into financial guarantee. 18 January 2018
Insurance
Navigators Management (UK) and Thomas Miller Specialty have entered into exclusive discussions under which Thomas Miller Specialty would acquire Navigators’ fixed-premium protection and indemnity business. 16 January 2018
Insurance
Lloyd’s Market Association (LMA) has appointed a Markel executive as chairman of its Worldwide Property Panel, which leads on a wide range of issues affecting Lloyd’s managing agents and syndicates on behalf of the Lloyd’s market. 16 January 2018
Insurance
Bermuda-based property and casualty re/insurer Sompo International has made leadership changes to its loss control division that includes a new hire from Lockton Companies. 8 March 2018
Insurance
In the absence of clarity as to what a future trade deal will look like between the UK and the EU, affected insurers have accelerated their plans to establish new EU subsidiaries, according to AM Best. 3 August 2018
Insurance
XL Group has made preliminary estimates of natural catastrophe net losses from the recent wildfires in South California of around $45 million, with a further $20 million relating to other cat events. 11 January 2018
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