Articles
Insurance
Texas-based US Risk Insurance Group, a specialty lines underwriting manager and property/casualty wholesale broker, has acquired IMS London American Brokerage and Underwriting Services. 10 July 2017
Insurance
UK insurer Liverpool Victoria Friendly Society (LV=) has confirmed in a statement that it has recently received approaches from a number of parties regarding possible strategic transactions relating to its general insurance operations. 15 May 2017
Reinsurance
ANALYSIS: Greenlight Re boss heralds new chapter despite more losses and criticism of business model
Losses at Greenlight Capital Re burgeoned in the second quarter of 2016 amid wider criticism of hedge fund reinsurers’ business models. But the company believes that it has now taken appropriate action to leave its problems behind. 3 August 2016
Insurance
Bermuda-based re/insurer Validus Holdings has appointed Troy Fornof as vice president of underwriting and marketing, contract division, at Western World Insurance Company. 29 August 2017
Insurance
US insured losses associated with wind and coastal flooding from Hurricane Nate will not exceed $500 million, according to RMS. 16 October 2017
Alternative Risk Transfer
Re/insurer XL Catlin has announced that it is extending its structured risk solutions underwriting capabilities to the US with the addition of Aiden Joo as senior underwriter in New York. 5 June 2017
Insurance
Bermuda-based Everest Re said on Oct. 12 that it expects to incur pre-tax catastrophe losses, net of reinsurance and reinstatement premiums of $1.2 billion in the third quarter. 13 October 2017
Insurance
Bermuda-based re/insurer AXIS Capital Holdings said on Oct. 12 that it expects the total net financial impact from third quarter 2017 catastrophe losses at $578 million. 13 October 2017
Insurance
XL Group’s reported preliminary third-quarter catastrophe loss estimate of $1.48 billion alleviates recent investor concerns about an outsized loss from XL and any concerns about capital raise needs, according to an Oct. 11 Morgan Stanley analyst note. 13 October 2017
Insurance
A new disaster aid package includes a provision to forgive $16 billion in debt held by the National Flood Insurance Program (NFIP), but lobby group SmarterSafer warns that the bill fails to incorporate critical reforms that put the programme on a sustainable path. 13 October 2017
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