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Insurance
Peak Re gets green light to set up Labuan branch in Malaysia
Hong Kong-based Peak Reinsurance Company has been granted approval by the Labuan Financial Services Authority to carry on general reinsurance business in and through the Labuan insurance market.   13 June 2017
Insurance
US commercial insurance prices stagnate
Commercial insurance prices in the US were nearly flat during the first quarter of 2017, according to broker Willis Towers Watson.   13 June 2017
Insurance
Chubb expands terrorism and war capacity by 50%
Property/casualty insurer Chubb has increased its terrorism, political violence and war insurance capacity by 50 percent to meet the needs of large, multinational businesses with growing global exposures.   13 June 2017
Insurance
Validus to raise $250m through share offering
Bermuda-based Validus Holdings priced an underwritten public offering of 10 million depositary shares worth $250 million.   13 June 2017
Insurance
Industry 4.0 has created more complex and harmful cyber exposures
An increased reliance on digital technology due to the competitive environment brought on by so-called ‘Industry 4.0’ has created more complex and harmful exposures to cyber events.   13 June 2017
Insurance
Open-loss modelling “significant as first cat models” says pioneer
A new generation of catastrophe models could be completely transparent to their users – heralding a seismic change in the way risk models are built and used, which could be as significant a change for the industry as when the very first cat models were built in the early 1980s.   9 June 2017
Insurance
Helios Underwriting in £1m Lloyd’s Nottus acquisition
Helios Underwriting said on June 9 that it agreed to acquire Lloyd's limited liability member Nottus No 51 Limited for a consideration of £964,500 in cash.   9 June 2017
Insurance
AIG in $600m Arch share sale
Bermuda-based Arch Capital Group said June 8 that it launched an underwritten public secondary offering of 6,381,410 common shares "by certain selling shareholders affiliated with American International Group."   9 June 2017
Insurance
Colorado hail event costs insurers $1.4bn
Damage from up to softball-sized hail in May in Colorado led to insurance payouts of more than $1.4 billion, according to Aon Benfield's monthly Global Catastrophe Recap report.   9 June 2017
Insurance
Australia's IAG purchases additional A$1bn catastrophe reinsurance cover
General insurer Insurance Australia Group (IAG) has purchased an additional reinsurance protection worth A$1 billion ($750 million) against major disasters.   9 June 2017

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