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Insurance
Re/insurer XL Catlin has expanded its marine team with the addition of Stephen Clark as vice president, national hull and liabilities practice leader in Chicago, and Alison Rizzi as senior ocean marine underwriter in New York. 4 October 2017
Insurance
The Dublin-based subsidiary of Chaucer, an insurance group underwriting at Lloyd's, is to establish a branch in London to write a range of international specialty insurance and reinsurance business. 5 September 2017
Insurance
The Federal Emergency Management Agency (FEMA) warned over the consequences if the US congress fails to reauthorise the National Flood Insurance Program (NFIP) that will expire on July 31, 2018. 23 July 2018
Insurance
Direct Insurance London Market, the Lloyd’s division of specialist broker Direct Insurance Group, has reached agreement to take on Alwen Hough Johnson’s Latin American facultative business and hire two of its senior executives as it targets growth in that region. 22 August 2017
Insurance
Liberty Specialty Markets (LSM) will form a $27 billion consortium with the Channel Syndicate and Canopius to provide capacity for its new trade finance insurance initiative Toredo. 6 March 2018
Insurance
Parametrics, a specialist form of re/insurance used in catastrophe bonds, could become more prevalent in the commercial sector, enabling risk managers to address limitations in traditional insurance. 12 June 2018
Insurance
Zurich Insurance Group has elected former Swiss Re CEO Michel Liès as chairman of the board of directors for a one-year term. 5 April 2018
Insurance
A report from ratings agency S&P offered some succour on the widely debated topic of another global credit downturn, saying “the next crisis, if any, is unlikely to be as dramatic as in 2008-2009”. 12 March 2019
News
Swiss Re estimates its preliminary combined claims burden from recent large natural catastrophes in the third quarter of 2018 at approximately $1.1 billion, net of retrocession and before tax, dominated by weather-related losses in Japan. 18 October 2018
Insurance
Owen Williams, Zurich Insurance's head of captive services in the UK, has joined XL Catlin as the manager of its newly-established captive centre of excellence. 5 September 2017
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