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Insurance
Australia’s insurer Suncorp has reported natural hazards of A$395 million ($313.9 million) between July and December 2016, which is A$65 million above the allowance for the period, driven primarily by the Victorian hail storm. 15 February 2018
News
Reinsurance broker JLT Re has hired Zurich executive Erica Davis as senior vice president in New York. She will lead the cyber and errors & omissions (E&O) practice. 15 February 2018
Insurance
Specialty re/insurer Brit has completed the fourth annual renewal and expansion of its Bermuda domiciled special purpose insurer Versutus, the company said in a Feb. 14 press release. 14 February 2018
Insurance
Independent Lloyd's broker AFL has further expanded its wholesale property team with the appointment of re/insurance executives from JLT Re and Alston Gayler. 14 February 2018
Insurance
Softbank’s communication and technology expertise and network of hi-tech investments would give Swiss Re a competitive advantage as the re/insurance sector adapts to transformational technologies that will over time test its business model, according to Moody’s. 12 February 2018
Insurance
ArgoGlobal has led the first Lloyd’s market consortium for motor treaty business, according to a Feb. 12 press release. 12 February 2018
Insurance
Re/insurer XL Catlin has appointed Phil Xue as chief executive officer of XL Insurance China. 12 February 2018
Insurance
Rongfeng Holding Group and a related party plan to acquire a majority stake in National Bank Of Greece's insurance unit Ethniki Hellenic General Insurance, according to a Reuters Feb. 12 report. 12 February 2018
Insurance
Claims management firm Cunningham Lindsey has appointed Claes Frick as chief executive officer for Sweden. 12 February 2018
Insurance
The combination of continued competitive pressures, the effects of US tax reform and catastrophe losses in 2017 is leading to speculation of more mergers and acquisitions (M&A) among re/insurers in 2018, especially in the Bermuda market, says Fitch Ratings. 12 February 2018
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