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The Insurance Regulatory and Development Authority of India (IRDAI) has formed a reinsurance expert committee to review the current regulatory framework for the market. 9 May 2017
Insurance
Swiss Re Corporate Solutions has provided the risk capacity for a so-called Solar Revenue Put, a credit enhancement that guarantees up to 95 percent of a solar project’s expected energy output, which has also been described as a new type of insurtech potentially worth billions. 15 November 2018
Insurance
Bermuda-based specialist global insurer Hiscox has appointed Louise Dennett to the newly-created role of director of finance change. 13 February 2017
Insurance
Bermuda-based insurer White Mountains has appointed Reid Campbell to become its chief financial officer (CFO). He succeeds David Foy who will remain an advisor to senior management through the end of 2017. 3 May 2017
Insurance
Insured catastrophe losses in the third quarter of 2017 could exceed $100 billion and become the costliest in history, according to an Oct. 3 Morgan Stanley research note. 4 October 2017
Insurance
Willis Towers Watson has made a series of senior appointments to newly-created roles in its North America corporate risk and broking (CRB) business. 4 October 2017
Insurance
Aspen Insurance has closed its Bermuda-based US property insurance unit following high natural catastrophe losses in 2017 that included the recent wildfires in California. 19 February 2018
Insurance
New York-based Marsh & McLennan Companies (MMC) has appointed Stacy Mills as its new vice president and controller. She will also serve as the firm’s chief accounting officer. 18 December 2017
Insurance
Re/insurer XL Catlin has expanded its inland marine field operations with the addition of Russell Crooks and Maria Klein in San Francisco and Baltimore, respectively. 22 June 2017
Insurance
Specialty re/insurer Brit experienced an overall rate reduction of 1.3 percent in 2017, following a 3.3 percent reduction in 2016. 16 February 2018
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