Articles
Insurance
Bermuda-based re/insurer Arch Capital Group has estimated pre-tax losses of $110 million to $130 million related to 2018 fourth quarter catastrophic events, primarily due to Hurricane Michael and the California wildfires. 11 January 2019
Insurance
Specialty insurer Beazley has partnered with Hong Kong-based coverholder Pegasus Underwriting (PUL) to expand its financial lines offering in Asia. 11 January 2019
Alternative Risk Transfer
Pacific Investment Management Company (PIMCO), the asset management company owned by Allianz, has recruited Rick Pagnani, the former chief executive of Everest Re’s sidecar Mt. Logan Re, as head of its ILS business. 11 January 2019
Insurance
Stonybrook Capital, the investment bank focused on the insurance industry, has strengthened its executive team with two hires, one from JLT Capital Markets, and one promotion. 11 January 2019
Insurance
Bermuda-based run-off specialist Premia Holdings has acquired an Illinois-based property/casualty insurer that was being managed by the Illinois Department of Insurance after being placed into rehabilitation in 2017. 11 January 2019
Insurance
UK broker Brightside Group has launched a new manging general agent (MGA) to write motor insurance backed by capacity provided by Randall and Quilter Investment Holdings. 10 January 2019
Insurance
A group of Europe’s largest reinsurers, the Insurance Europe Reinsurance Advisory Board (RAB), has published an overview of the benefits of insurers’ use of internal models, essentially making the case for their use. 10 January 2019
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
Specialty re/insurer MS Amlin has increased its protection and indemnity (P&I) capacity for 2019. 10 January 2019
Insurance
Broker Willis Towers Watson has appointed Simon Weaver as new head of Australasia, replacing Andrew Boal who has resigned after 27 years at the company. 10 January 2019
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