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Insurance
AM Best has removed New Zealand’s Tower Insurance from under review with negative implications after a capital raise and a settlement agreement with Peak Re. 12 March 2018
Insurance
The Nature Conservancy and the state government of Quintana Roo in Mexico have created a “Coastal Zone Management Trust” which will finance the first-ever parametric insurance policy covering a coral reef and the beach sand against the impact of hurricanes. 12 March 2018
Insurance
Randall & Quilter Investment Holdings (R&Q) has issued adverse development reinsurance covering medical professional liability and general liability risks providing $70 million of coverage to a US domiciled Risk Retention Group (RRG). 12 March 2018
Insurance
The insurance industry in the midst of a customer-led revolution – and the players best equipped to adjust and put customers at the heart of what they do will be the ones that will prosper, Mario Greco, group chief executive of Zurich Insurance, wrote in his foreword in the insurer’s annual report for 2017. 9 March 2018
Insurance
Bermuda-based PartnerRe has revealed that it will exit the upstream energy insurance market having signed a deal to transfer its book of business to Ark Syndicate Management. 9 March 2018
Insurance
The sale of specialty re/insurer Canopius by Sompo Japan Nipponkoa Insurance to a private equity consortium led by Centerbridge Partners has been completed. 9 March 2018
Insurance
German insurer Allianz has appointed Iván de la Sota to its board of management as chief business transformation officer. 9 March 2018
Insurance
The total financial cost, including business interruption, of Storm Emma, which affected a large area of Europe during the second half of February, could reach hundreds of millions dollars – though the figure will very likely be higher, with a high volume of filed insurance claims reported. 9 March 2018
Insurance
ASSA Compañía Tenedora is the ninth member joining Blue Marble, a consortium of insurers and reinsurers focused on providing insurance to the 2 billion people around the world facing financial protection gaps. 8 March 2018
Insurance
The insured property market losses from extratropical cyclone Zeus, which primarily affected France on 6 and 7 March 2017, has reached €272 million, according to Zurich-based catastrophe insurance data provider PERILS. 6 March 2018
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