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Insurance
In what appears to be a new strategic direction for the company, Brian Duperreault, American International Group's (AIG) new CEO, has said he wants to target acquisitions of companies and reduce the pace of share buybacks. 29 June 2017
Insurance
The Insurance Council of Australia (ICA) has estimated the insured losses from Tropical Cyclone Debbie at A$306 million (approximately $231.3 million) as of April 4, 9:00 AM local time. 4 April 2017
Insurance
The Hanover Insurance Group has appointed Richard Lavey as president of Hanover Agency Markets, succeeding John Roche, who was recently named president and CEO of The Hanover. 8 November 2017
Alternative Risk Transfer
2017 was a record-breaking year for ILS—and Bermuda again led from the front in terms of being both the domicile of choice for the special purpose vehicles issuing ILS and a hub of innovation for new structures and risks. 28 March 2018
Insurance
Losses from Hurricane Florence will be largely retained by property/casualty insurers only “dampening” their third quarter earnings. Only reinsurers and ILS funds with low attachment points may find themselves subject to claims, according to a report by Moody’s, which also predicted no cat bonds would be triggered. 17 September 2018
Insurance
London broker J Safra Sarasin Brokerage (JSSB) has recruited a senior executive from Ed (formerly known as Cooper Gay) who has been tasked with building a new commercial risks business at the firm. 12 January 2017
Insurance
Specialty insurance holding Navigators Group has hired Chubb's James Rhyner to lead its US professional and management liability business. 16 August 2017
Insurance
Specialist insurer Beazley has launched two comprehensive suites of financial lines products in Asia, according to a Nov. 1 statement. 1 November 2017
Insurance
Mutual insurance association The Standard Club has appointed Cesare d’Amico, of d’Amico Societa di Navigazione SpA, as Chairman of its board, according to a Nov. 1 statement. 1 November 2017
Insurance
Bermuda-based specialty property/casualty re/insurer Sompo International Holdings has launched an integrated platform initiative to provide agriculture insurance and reinsurance solutions across the globe, according to an Oct. 31 statement. 1 November 2017
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