Articles

Insurance

JLT Re ropes in Chaucer treaty underwriter in Miami

JLT Re has appointed Ariel Hernandez as senior vice president in Miami. Hernandez joins from the Chaucer Syndicates of The Hanover Insurance Group, where he was a treaty underwriter.   5 March 2018

Insurance

DARAG, New Nordic acquire Danish portfolios in first joint deal

European run-off specialist DARAG and asset manager New Nordic Advisors have acquired two portfolios of Denmark-based Qudos Insurance, the control of which New Nordic acquired in 2017 via a joint cell structure.   14 May 2018

Insurance

FedNat expects $275m loss from hurricane Michael

FedNat Holding Company estimates that its aggregate gross losses as a result of hurricane Michael will be approximately $275 million, the bulk of which will be covered by reinsurance.   16 October 2018

Insurance

AXIS Re taps Thomas Miller COO for global role

AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings, has appointed Ann Haugh as president of its global markets division, based in London, and Rob Smart as the head of Specialty Re.   16 October 2018

Insurance

RFIB swoops for Willis talent for Asian expansion

Lloyd's re/insurance broker RFIB Group has appointed Simon McCrum as managing director of Asia Pacific, based in RFIB’s Singapore office that was launched in October last year.   16 October 2018

Insurance

BGC seeks to disrupt 'stacked' aviation market, launches new brokerage under JLT's Chad

BGC Insurance Group (BGCI), a division of global brokerage firm BGC Partners which owns Ed and Besso, is launching a new specialist global aviation and aerospace re/insurance intermediary under the leadership of JLT's Marcel Chad.   18 June 2019

Alternative Risk Transfer

FEMA grows NFIP flood reinsurance to $2.12bn with new $300m cat bond

The US Federal Emergency Management Agency (FEMA) has secured a $300 million reinsurance placement for the National Flood Insurance Program (NFIP) from the capital markets investors, brings the total flood cover to $2.12 billion.   23 April 2019

Insurance

Underwriting margins fall slightly for North American property/casualty insurers: Fitch

North American property and casualty (P&C) insurers have seen modestly weaker underwriting margins, Fitch Ratings has found.   6 September 2019

Insurance

QBE overhauls traditional claims model using data-driven solution

Re/insurer QBE has created a new data-driven solution to transform its legacy property claims process by automating non-complex claims, improving and speeding up the recovery process.   16 May 2019

Insurance

RenRe closes $1.5bn Tokio Millennium Re acquisition; AM Best removes reinsurer from 'under review'

Bermuda-based RenaissanceRe Holdings (RenRe) has completed the acquisition of Tokio Millennium Re (TMR) following the receipt of all necessary regulatory approvals.   25 March 2019

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