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ILS woes could trigger hardening in retro markets
Alternative Risk Transfer
A combination of losses in 2018, capital still trapped in relation to 2017 events and a lack of new capacity entering the market, will likely lead to a hardening of the pricing of ILS deals and higher prices in the retro market in 2019.   10 January 2019
Insurance
Bermuda-based Enstar Group has signed an agreement with an Australian subsidiary of Zurich Insurance Group to reinsure its New South Wales Motor Vehicle Compulsory Third Party (CTP) insurance business.   23 February 2018
UK small businesses face 65,000 cyber-attacks per day
Insurance
UK small businesses are being targeted with an average of 65,000 attempted cyber-attacks every day and at least one small business in the UK is successfully hacked every 19 seconds, according to a Hiscox report.   18 October 2018
Insurance
THB UK Risk Solutions, the UK broking operation of the specialist insurance and reinsurance broker THB, has appointed two new motor fleet brokers.   4 May 2018
Insurance
Insurance broker Lockton has expanded its employee benefits, risk management, and insurance capabilities with the appointment of three new executives to its Florida operations, effective November 3.   20 October 2016
Insurance
Insurance broker Lockton has expanded its London-based real estate and construction practice with the hire of Justin Warents as business development executive.   20 February 2017
Insurance
Tropical storm Michael is expected to become a hurricane and carry strong winds and rain to Cuba, Florida and southern Georgia, according to the National Hurricane Center (NHC).   8 October 2018
Insurance
Insurance group Ageas has hired a new chief financial officer (CFO) for its UK business from Aspen Insurance Group.   19 February 2019
Alternative Risk Transfer
Bermuda-based mortgage insurance provider Essent Group has closed a $424.4 million reinsurance transaction and related mortgage insurance-linked notes offering.   26 March 2018
Insurance
A lack of risk models covering some key perils in large parts of Europe is holding back the development of the insurance-linked securities (ILS) market in the continent, Marco Sordoni, head of reinsurance buying for Italian insurer UnipolSai Assicurazioni, told Monte Carlo Today.   9 September 2019

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