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Insurance
Insured catastrophe losses in 2015 were below average, according to a new report by Guy Carpenter, despite the year being one of the strongest El Niño periods on record. 22 March 2016
Alternative Risk Transfer
Artex Risk Solutions, the Bermuda-based global insurance management firm, has acquired the captive management and insurance linked securities (ILS) administration business of fellow insurance manager Kane. 22 March 2016
News
Oxbridge Re, the Cayman Islands-based reinsurance holding company, posted a net income of $4.6 million in 2015, up from $4 million in 2014. 18 March 2016
Technology
Next Insurance, a new insurance technology company, which plans to launch the go-to solution for how small businesses find and obtain insurance online, has announced a $13 million seed investment led by investors Zeev Ventures, TLV Partners and Ribbit Capital. 14 March 2016
News
JLT Re (North America) has appointed Jason Choi as senior vice president (SVP) in San Francisco, California. 11 March 2016
Insurance
Reinsurance Group of America (RGA), the life and health-related reinsurance group, has promoted Todd Larson to the role of senior executive vice president and chief financial officer (CFO), effective May 1, 2016. 8 March 2016
Insurance
Re/insurer HCI Group posted a profit of $65.9 million in 2015, up from $62.7 million in 2014. 4 March 2016
Alternative Risk Transfer
XL Catlin has completed a $300 million catastrophe bond protecting itself against a mixture of windstorm and earthquake risk in the US, Canada and Europe. It is the first time the company has used this form of protection since XL Group acquired Catlin. 3 March 2016
News
Pool Re, the mutual reinsurer that provides terrorism cover for commercial property in the UK, has renewed the reinsurance cover purchased in 2015 for a further three years. 3 March 2016
Alternative Risk Transfer
The London Market Group, the body formed to modernise the risk-transfer sector in London, has welcomed a consultation document released by the UK’s HM Treasury covering the key aspects of how a regulatory framework allowing the issuance of Insurance Linked Securities (ILS) would work. 1 March 2016
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