Articles
Insurance
Bermuda-based RenaissanceRe Holdings (RenRe) estimates losses from third quarter 2018 catastrophe events will have a net negative impact of approximately $155 million on its third quarter 2018 results of operations. 18 October 2018
Alternative Risk Transfer
The risk transfer landscape is being transformed by consolidation and the idea that bigger and more diversity is better—particularly if access to alternative capital is involved. But, just like in real life, some recent marriages—especially those rushed into for the wrong reasons—may well end in divorce. Intelligent Insurer reports. 18 October 2018
Insurance
Re/insurer AXA XL has received authorisation from the Central Bank of Ireland (CBI) to move its principal EU insurance company, XL Insurance Company (XLICSE), from the UK to Dublin in response to Brexit uncertainty. 17 October 2018
Alternative Risk Transfer
By the end 2018 the market for insurance-linked securities (ILS) is expected to reach a total volume of close to $100 billion, according to Hannover Re. 17 October 2018
Insurance
Cayman Islands-based specialist property/casualty reinsurer Greenlight Capital Re has invested in digital insurance platform Click2Sure. 17 October 2018
Insurance
A jury verdict has awarded property/casualty re/insurer Fairfax Financial Holdings damages of $10.9 million against Exis Capital Management and related Exis companies, Adam Sender and Andrew Heller, according to a corporate statement. 17 October 2018
Insurance
US motor insurer Progressive is expecting a loss of up to $120 million from hurricane Michael. 17 October 2018
Insurance
Global insurers are calling for a delay and improvements in the introduction of the International Financial Reporting Standard 17 (IFRS 17). 17 October 2018
Insurance
Global specialty insurer StarStone Group has appointed John Hendrickson as its new group chief executive officer. 17 October 2018
Insurance
Insurance service provider Davies Group has acquired the claims business of Ardonagh-owned Direct Group while signing a long-term claims management deal with the UK-based insurance intermediary. 16 October 2018
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