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Insurance
Storm Herwart has caused insured losses of €250 million to German insurers, according to actuarial consultancy firm Meyerthole Siems Kohlruss. 3 November 2017
Alternative Risk Transfer
Arch Capital Group’s US mortgage insurance operation Arch Mortgage Insurance Company (Arch MI) secured $374,460,000 of indemnity reinsurance from Bellemeade Re 2018-1, a special purpose insurer. 19 April 2018
Insurance
Specialist commercial insurer CNA Hardy has gained authorisation to set up operations in Labuan, Malaysia, expanding its presence in Asia. 18 April 2018
Insurance
Specialty property/casualty insurer AmTrust Financial Services has expanded its board of directors to eight with the addition of former KPMG partner Mark Serock. 22 March 2018
Insurance
Lloyd’s, the specialist insurance and reinsurance market, has appointed Dawnmarie Black as US Northeast regional director. 21 March 2018
Insurance
London-based reinsurance, wholesale and specialty broker Ed is to be acquired by BGC Partners, a global brokerage and financial technology company. 29 October 2018
Insurance
Commercial insurance prices in the US increased by nearly 3 percent year on year in the second quarter of 2018, according to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). 11 September 2018
Insurance
Health insurers Aetna and Humana said that they have ended their merger agreement after a US federal court ruled against the deal, saying it would stifle competition in the Medicare Advantage programme. 14 February 2017
Insurance
Barbican Insurance Group has appointed Graeme King to lead its cyber division as the business group leader, and Richard Spotswood as cyber underwriting manager. 14 February 2017
Alternative Risk Transfer
The reinsurance market’s ‘new normal’ has become a reality, with the cyclical nature of rates likely gone for good, according to Kathleen Reardon, chief executive officer of Hamilton Re. 10 September 2018
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