Articles
Insurance
Australia’s QBE Insurance Group is introducing a drone insurance policy in response to the rapidly expanding drone market, according to a Jan. 16 press release. 16 January 2018
Insurance
Recent natural catastrophes are likely to have only limited impact on reinsurers as the bulk of the losses will be borne by primary insurers, according to S&P Global Ratings. 6 September 2018
News
Aggregate net income of the reinsurance sector increased nearly 75 percent year on year to $14.5 billion in the first half of 2018, according to Willis Towers Watson. 6 September 2018
Insurance
St. Maarten has joined CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), purchasing coverage for tropical cyclones, earthquakes and excess rainfall. 6 September 2018
Insurance
Specialist managing general agent (MGA) Manchester Underwriting Management has appointed Dan Cooper as claims manager. 20 October 2017
Insurance
Fourth fifths (80 percent) of carriers expect to increase MGA capacity in 2019, according to a survey of more than 100 insurers and MGAs conducted by global law firm Clyde & Co. 1 July 2019
Insurance
Applying blockchain to the global re/insurance market could deliver operational cost savings of 10 percent to 25 percent or $20 billion to $50 billion each year, according to a report by blockchain solutions provider R3 and ChainThat. 7 March 2018
Insurance
US-based property/casualty (P&C) insurer Chubb has appointed Judy Gonsalves as vice president of Chubb Group and division president of Bermuda, responsible for the commercial P&C insurance business on the island. 18 October 2018
Insurance
Bermuda-based Sirius International Insurance Group has entered into equity subscription agreements with affiliated funds of Gallatin Point Capital, The Carlyle Group, Centerbridge Partners, and Bain Capital Credit. 31 August 2018
Insurance
Bermuda-based PartnerRe has appointed Brian Dowd to succeed John Elkann as chairman of the company’s board of directors alongside several other leadership changes. 31 August 2018
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