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Insurance
Everest Re Group has appointed Mike Harnett as vice president, deputy chief underwriting officer for Everest Insurance North America. 9 October 2017
Insurance
Lancashire Holdings said on Oct. 9 that it expects aggregate losses from recent nat cat events in a range of $106 million to $212 million after anticipated recoveries from its outwards reinsurance programme and the impact of outwards and inwards reinstatement premiums. 9 October 2017
Insurance
Pen Underwriting’s innovative escape of water claims process could save industry almost £100m a year
A new escape of water claims process devised and delivered by specialist insurance business Pen Underwriting, in partnership with third-party administrator Davies Group, has the potential to reduce related industry indemnity spend by almost £100 million a year, Pen Underwriting said. 14 October 2019
News
Peak Reinsurance is mulling over a possible flotation in Hong Kong to support the reinsurer’s long-term growth and development, AM Best said in its Sept. 5 Best Week Asia-Pacific edition, citing Fosun International chief financial officer Robin Wang. 6 September 2017
Insurance
Bermuda-based property and casualty re/insurer Sompo International is acquiring Italian agriculture insurance specialty company A&A, according to a Feb. 8 press release. 9 February 2018
Insurance
Bermuda-based specialist insurer Hiscox said on Oct. 2 that it estimates the combined net claims from Hurricane Harvey and Hurricane Irma at approximately $225 million. 2 October 2017
Insurance
Specialist insurer Hiscox is changing its group management structure to build on growth momentum in its retail businesses, according to a Feb. 8 press release. 8 February 2018
Insurance
JLT Re has poached a senior broker from Willis Re to join its London and International Markets (LIM) division. 4 September 2017
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
Insurance
Italian insurer Assicurazioni Generali has launched a new asset management company headquartered in New York City that it claims will have a "disruptive revenue model". 21 September 2018
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