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Insurance
Insured losses from natural disasters in the first half of 2018 are estimated at $21 billion, 40 percent lower than the 10-year average of $35 billion, according to Aon’s Global Catastrophe Recap: First Half of 2018 report. 25 July 2018
Insurance
RenaissanceRe enjoyed strong growth in the second quarter in both its property book and its casualty book and its profits grew. But it warned that “meaningful uncertainty” remains around the scale of claims stemming from many of the big catastrophes that hit its profits last year. 25 July 2018
Insurance
Howden, the retail broking arm of Hyperion Insurance Group, has entered into a strategic partnership with one of Tanzania’s oldest insurance brokers BR Puri & Company by establishing a newly formed local entity, Howden Puri Insurance Brokers. 25 July 2018
News
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has promoted Gregory King-Underwood to head of the credit, bond and political risk practice of Guy Carpenter International. 25 July 2018
Alternative Risk Transfer
A new single structure for conducting both the fund and insurance element of insurance-linked securities business is being devised in Guernsey. 24 July 2018
Insurance
UK motor insurers have voted for MIB (Motor Insurers’ Bureau) to handle and pay the claims from victims involved in a terrorist event where a vehicle is used to kill or injure. 23 July 2018
Alternative Risk Transfer
Some of the bigger ILS funds are well down the road towards securing ratings—a move that will see them complete their journey from nimble newcomers to occupying a central ground and competing with traditional players on their own turf. This could be a game-changer for the market, as Intelligent Insurer reports. 23 July 2018
Insurance
Cayman Islands-based specialist property and casualty reinsurer Greenlight Capital Re's (Greenlight Re's) chief operating officer (COO) Michael Belfatti is stepping down from his position as of Sept. 1, 2018. 23 July 2018
Insurance
JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group, has expanded its European cyber practice based in London and Stockholm with the appointment of four new members. 23 July 2018
Insurance
Specialty re/insurer Brit has appointed Stephen Quinton to the role of class underwriter, kidnap and ransom (K&R), effective as of Sept. 3. He joins Brit from Travelers Syndicate Management. 23 July 2018
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