Articles

Insurance

Tokio Marine Kiln appoints managing director for Asia

Specialist insurer Tokio Marine Kiln (TMK) has promoted Alex Dugand to regional managing director for Asia, reporting to CEO Charles Franks.   5 April 2018

Insurance

Chubb partners with insurtech Bunker

Chubb is joining forces with insurtech Bunker Technologies to accelerate new insurance product development for a flexible working environment.   5 April 2018

Insurance

Swiss Re CEO: SoftBank not to become an anchor shareholder

Japanese conglomerate SoftBank is expected not to acquire more than a 10 percent share of Swiss Re’s share capital and therefore will not become the anchor shareholder Swiss Re would like to have, CEO Christian Mumenthaler said in an April 4 press conference.   4 April 2018

Insurance

IAT Insurance enters surety market with IFIC acquisition

IAT Insurance Group has agreed to acquire IFIC Surety Group which includes International Fidelity Insurance Company and its subsidiary Allegheny Casualty Company.   4 April 2018

Alternative Risk Transfer

Cat bond issuance jumps to $3.1bn in Q1 ‘18

Insurers and reinsurers sponsored approximately $3.1 billion in catastrophe bonds in the first quarter of 2018, up 34 percent from the first quarter of 2017, according to data analytics provider PCS.   4 April 2018

Insurance

Chubb reports $380m cat hit for Q1 ‘18

Property/casualty insurer Chubb reported preliminary first quarter 2018 net loss estimates attributable to natural catastrophes of $380 million pre-tax, or $305 million after tax.   4 April 2018

Insurance

Global Q1 insured cat losses below average

Global insured catastrophe losses are estimated at between $5 billion and $10 billion, well below the historical average of $14 billion, according to Morgan Stanley analysts.   4 April 2018

Insurance

V3 Insurance replaces founding president/CEO Rivera

V3 Insurance Partners, a specialty insurance programme administrator, has appointed its chief operating officer Brian Janitschke as president, replacing outgoing president and CEO Susan Rivera.   4 April 2018

Insurance

Lloyd’s Market Association makes new board appointments for 2018

The Lloyd’s Market Association (LMA) has appointed David Croom-Johnson, managing director of Aegis Managing Agency, to its board.   3 April 2018

Insurance

Castel launches global property fac reinsurance book with Pen hire

Castel Specialty, a division of MGA formation platform Castel Underwriting Agencies, has added a global property facultative reinsurance offering to its portfolio while appointing a senior executive from Pen Underwriting.   3 April 2018

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