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Insurance
Specialty insurer Beazley plans to split its specialty lines division into specialty (casualty) and TMB (cyber / management liability), according to Jefferies analysts who welcomed the move given the differing growth profiles and profitability. 31 May 2018
Insurance
Non-life and life insurer Tokio Marine Holdings grew net income attributable to owners of the parent by 26.1 percent to ¥ 228.1 billion yen ($2.01 billion) in the nine months ended December 2016 compared to the same period a year ago. 14 February 2017
Insurance
Bermuda-based Ironshore Specialty Casualty has launched a new oil and gas facility offering liability coverages for on-shore middle market energy classes in the US, with annual revenues between $5 million and $200 million. 14 February 2017
Insurance
US-based IAT Insurance Group has hired Donna McDermott as head of IAT Reinsurance (IAT Re) to succeed senior vice president Jim Miller who plans to retire on March 1, 2019. 19 July 2018
Insurance
Specialty insurer RLI has been impacted by volcanic activity in Hawaii but managed to improve earnings in the second quarter of 2018 nevertheless. 19 July 2018
Insurance
Willis Towers Watson has extended the contract with CEO John Haley for an additional two years in order to facilitate an orderly succession of the chief executive officer position. 19 July 2018
Insurance
Specialist insurer Markel Corporation has appointed Jennifer Chang as underwriter and senior risk analyst in its trade credit and political risk operation in New York. 5 September 2018
Alternative Risk Transfer
The Federal Emergency Management Administration (FEMA) will launch a cat bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through Flood Smart Re, a Bermuda-domiciled insurance vehicle. 18 July 2018
Insurance
Specialist insurer Beazley and Lloyd’s coverholder Risk Cooperative have partnered with blockchain technology company Bitfury to build the first blockchain-based system for crisis insurance and risk management. 2 May 2018
Insurance
Bermuda-based Qatar Reinsurance Company (Qatar Re) said on Oct. 31 that it appointed Manik Sethi as CEO of its Singapore branch. 31 October 2017
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