Articles

Insurance

Category 1 Hurricane Nate makes landfall in Mississippi

Hurricane Nate came ashore near the mouth of the Mississippi River on Saturday, October 7, according to the National Hurricane Center (NHC). Nate is the fourth hurricane to make landfall in the US in the past two months.   9 October 2017

Insurance

Everest Insurance NA taps Chubb exec as deputy chief underwriting officer

Everest Re Group has appointed Mike Harnett as vice president, deputy chief underwriting officer for Everest Insurance North America.   9 October 2017

News

RGA CEO optimistic about growth opportunities

While reinsurance is facing challenging times in property/casualty (P&C), the environment for life & health reinsurance is looking increasingly attractive.   9 October 2017

Insurance

Lancashire expects up to $212m in nat cat losses

Lancashire Holdings said on Oct. 9 that it expects aggregate losses from recent nat cat events in a range of $106 million to $212 million after anticipated recoveries from its outwards reinsurance programme and the impact of outwards and inwards reinstatement premiums.   9 October 2017

Insurance

Acappella Syndicate appoints war, terrorism and political violence leader

Lloyd’s Acappella Syndicate 2014 has appointed Louise Bessant as divisional head of its war, terrorism and political violence insurance portfolio.   9 October 2017

Insurance

Probitas completes partnership with Saudi Re

Lloyd’s underwriting syndicate Probitas 1492 said on Oct. 9 that it completed a transaction with Saudi Re which removes all of Istmo Re group’s interest in Probitas.   9 October 2017

Insurance

DUAL North America replaces CEO

DUAL North America said on Oct. 6 that Justin Tweedie will be succeeded as CEO by Jon Beckham effective January 1, 2018.   9 October 2017

Insurance

Argo Group poaches Travelers exec as international chief underwriting officer

Bermuda-based Argo Group International Holdings has appointed Steve Eccles as the chief underwriting officer (CUO) for its international business.   6 October 2017

Insurance

Lloyd’s faces 2017 pre-tax loss due to nat cat events: Moody’s

Lloyd’s of London faces a pre-tax loss in 2017 due to the hurricanes that struck North America in the third quarter, according to Moody’s.   5 October 2017

Insurance

GIC Re to raise up to $1.7bn in IPO as it seeks international expansion

State-owned General Insurance Corp of India’s (GIC Re) is expected to raise 113.7 billion rupees ($1.7 billion) in an initial public offering to run from Oct. 11. and Oct. 13, 2017 as it plans to grow internationally.   5 October 2017

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