Articles

Alternative Risk Transfer

Peak Re unveils first Asian reinsurance sidecar

Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction.   10 December 2018

Alternative Risk Transfer

Markel CATCo raises loss reserves for 2017 cat events

Markel CATCo Investment Management plans to increase the specific loss reserves held by the company related to the 2017 loss events namely hurricanes Harvey, Irma, Maria (HIM) and the California wildfires that year.   10 December 2018

Insurance

New legislation reduces no-deal Brexit risks: Fitch

Interim solutions and contingency planning with respect to insurance claims are reducing some significant risks a "no-deal" Brexit would present to the European insurance sector, Fitch Ratings says in a new report.   10 December 2018

Insurance

Berkshire Hathaway exits Hong Kong EC terrorism pool

Berkshire Hathaway Specialty Insurance Company (BHSI) has withdrawn from the Hong Kong employees’ compensation (EC) terrorism pool for policies starting or renewing on or after Dec. 1, 2018.   10 December 2018

Insurance

Coverys provides capacity for DTW Syndicate 1991

Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991, 3330 and 1110, is joining DTW’s panel of capacity providers, as one of its largest backers, from January 1, 2019.   10 December 2018

Insurance

Gallagher snaps up brokerage firms in UK, New Zealand

Arthur J Gallagher has snapped up two insurance brokerage firms to expand its footprint in the UK and New Zealand.   10 December 2018

Insurance

Tokio Marine hires Chubb property underwriter in Singapore

Specialist and corporate insurer Tokio Marine Kiln (TMK) has hired a property underwriting manager from Chubb for its Singapore team.   10 December 2018

Insurance

AIG chief data officer joins AI insurtech Planck Re

American International Group's (AIG's) chief data officer Leandro DalleMule has joined insurtech startup Planck Resolution as general manager, North America.   10 December 2018

Insurance

Zurich tackles commercial operations in North America

Zurich Insurance Group wants to improve the performance of its commercial insurance business in North America in order to lower the combined ratio of its overall operations in the region.   5 December 2018

Insurance

Zurich on track for 2019 targets

Zurich Insurance Group is on track to achieve its 2017-2019 financial targets, management said on Dec. 5, 2018.   5 December 2018

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