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Alternative Risk Transfer
Forecasters are predicting a higher likelihood of an above-normal hurricane season for 2017, and they increased the predicted number of named storms and major hurricanes, according to the National Oceanic and Atmospheric Administration (NOAA). 11 August 2017
Insurance
Alesco Risk Management Services, a specialist insurance and risk management broker, is expanded its energy division with the appointment of Bob Choppen, formerly deputy managing director of energy at Willis Towers Watson. 11 August 2017
Insurance
Insurance broker Lockton has named Robert Connolly as the new chairman of its US Northeast operations, succeeding Michael Calabrese who will serve as vice chairman. 21 June 2017
Insurance
Specialist commercial re/insurer International General Insurance Holdings (IGI) has introduced a legal expenses insurance product and hired former Markel, Brit expert to develop the business line. 21 June 2017
Insurance
Commercial insurer Markel reported a comprehensive income to shareholders of $1.2 billion for 2017 compared to $667.0 million in 2016. 7 February 2018
Insurance
Bluefin Underwriting, the managing general agent (MGA) arm of Bluefin, has boosted its presence in the North East with the appointment of a new broker development manager Ian Chapman to cover the Yorkshire and North East of England region. 27 February 2017
Insurance
Bermuda-based specialist insurer Hiscox has seen its pre-tax profit halve in the first six months of 2017 as foreign exchange rates impacted results. 31 July 2017
Alternative Risk Transfer
The fourth quarter of 2017 saw considerable loss activity across all insurance-linked securities (ILS) investments with a preliminary estimate of $630 million in cat bond principal losses including hurricane, earthquake, and wildfire activity, according to a Willis Towers Watson Securities report. 29 January 2018
Insurance
US insurer WR Berkley Corporation has split its specialty segment to create two new independent operating units - Berkley entertainment and sports, and Berkley environmental. 8 June 2017
Insurance
Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has opened a new office in Manchester to strengthen its presence in the UK regional market. 8 June 2017
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