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Insurance
Evacuation orders in California have widened with residents of Calistoga and Geyserville now under mandatory evacuation orders as multiple wildfires exacerbated by hot, dry, and windy conditions have spread across eight counties of California, according to an Oct. 12 report by catastrophe modelling firm AIR Worldwide. 13 October 2017
Insurance
RSA group-owned Oak Underwriting said on Oct. 13 that it has extended its high-net-worth (HNW) offering to include home cyber cover for the first time. 13 October 2017
Insurance
Risk management solutions provider Assurant said July 10 that it finalised a $1.36 billion property catastrophe reinsurance program. 11 July 2017
Alternative Risk Transfer
With the $10 billion threshold for annual ILS issuance finally pierced in 2017, it’s time for the global risk transfer community to make ‘catastrophe bonds phase II’ a reality, according to the quarterly PCS Q4 2017 Catastrophe Bond Report, authored by Tom Johansmeyer, assistant vice president, PCS Strategy and Development. 4 January 2018
Insurance
PartnerRe has issued yet another statement purporting to correct what it calls misleading statements by Exor – this time relating to its potential ratings in the event of a sale to Exor and, specifically, the impact of such a transaction on its preferred shareholders. 25 June 2015
Insurance
US-based CNA, a commercial insurance provider, has appointed Kevin Smith as president and chief operating officer (COO) for CNA Specialty. 10 May 2017
News
In the first half of 2018, Swiss Re’s earnings were driven by underwriting, a shift from the same period a year ago. 6 August 2018
Insurance
American International Group (AIG) expects double-digit rate increases across the property market while the costs of the California wildfires are estimated at around $500 million before taxes. 6 November 2017
Insurance
The business model of hedge fund reinsurers is being put to a hard test in the current soft market while sophisticated clients challenge their business model. 25 October 2016
Insurance
French insurer AXA is acquiring Bermuda-based property/casualty commercial lines re/insurer XL Group for $15.3 billion (€12.4 billion) in cash. 5 March 2018
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