Articles

Insurance

Bermuda’s ABIR says re/insurers absorbed £30bn of cat losses with ‘flying colours’

The Bermuda market passed the tests of 2017, which took the form of heavy losses triggered by large catastrophe claims, with flying colours, according to the CEO of The Association of Bermuda Insurers and Reinsurers (ABIR), speaking in relation to the results of its annual survey and report.   4 July 2018

Insurance

TMK unveils $100m IP facility with Aon, Lloyd’s syndicates

Specialist insurer Tokio Marine Kiln (TMK) has established a $100 million intellectual property (IP) facility with broker Aon and several other Lloyd’s syndicates.   3 July 2018

Insurance

Liberty launches Italian reinsurance unit with Guy Carpenter hire

Liberty Specialty Markets (LSM) has rebranded its reinsurance division as Liberty Mutual Re and launched a reinsurance operation in Italy for the first time.   3 July 2018

Insurance

Loss-free Florida property flat at June/July renewals

Momentum for rate increases on loss-free reinsurance accounts dissipated during the June/July property catastrophe renewals, and in some cases, pricing declined, according to Willis Re.   2 July 2018

Insurance

DARAG poaches new group CEO from R&Q in expansion move

European run-off insurance company DARAG has appointed Tom Booth as its new group CEO.   2 July 2018

Insurance

XL Group leads $16.5m funding in maritime risk start-up Windward

Windward, an Israel-based maritime risk analytics start-up, has raised $16.5 million in Series C funding led by re/insurer XL Catlin-backed insurtech fund XL Innovate.   2 July 2018

Insurance

Neon launches Nordic-focused marine business in Copenhagen

Specialist Lloyd's insurer Neon has launched Orca Insurance Agency, a Lloyd’s approved coverholder that will underwrite on behalf of Neon Syndicate 2468.   2 July 2018

Insurance

McLarens expands in Asia with new Malaysian operation

McLarens, a global loss adjuster specialising in complex, commercial and niche markets, has expanded its Asia Pacific footprint with the opening of a new office in Kuala Lumpur, Malaysia.   2 July 2018

Insurance

Flood Re to reduce 2019 premium

Flood Re is reducing the premiums it charges to insurers from the start of 2019.   2 July 2018

Insurance

Prudential plans $700m Malaysia IPO

UK-based life insurer Prudential has filed for a potential listing of its Malaysian unit as the insurer explores options to reduce its stake in the business, Bloomberg News reported citing “people with knowledge of the matter.”   2 July 2018

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