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Iran looks into ILS as reinsurance replacement
Alternative Risk Transfer
Iran is working on the development of a range of new financial products, including insurance-linked securities (ILS) as reinsurance cover has become scarce in the country due to the reintroduction of sanctions, according to an Oct. 2 Reuters report.   4 October 2018
Insurance
CFC Underwriting, a Lloyd's managing general agent (MGA), has announced that it has revamped its existing cyber insurance product to include innovative cover elements to protect policyholders against the emerging threats of the digital age.   3 April 2017
Insurance
Oxbridge Re has reported a net loss in its third quarter 2019 results, although Jay Madhu, president and chief executive officer, praised the reinsurer’s “conservative risk management underwriting focus” for helping the company “remain unaffected by the devastation” caused by Hurricane Dorian, Typhoon Hagibis and the recent California wildfires.   5 November 2019
Insurance
Lloyd’s broker RFIB has appointed Steve Hughes as divisional director, hull and war. He will report to Chris Tansley, managing director of marine international.   7 January 2015
Insurance
The development of spaceplanes and space ports could require a new approach for underwriters, according to a report by Lloyd’s. Under government plans, the UK could have its first space port up and running by 2018.   1 September 2014
Insurance
Swiss Re has reached an agreement with Japanese insurance group MS&AD Insurance Group Holdings (MS&AD) for a further investment of £315 million into ReAssure, Swiss Re's UK closed life book consolidator.   20 December 2018
Insurance
The 16th Singapore International Reinsurance Conference (SIRC) concluded on Friday at the Sands Expo and Convention Centre. This year, the conference attracted a record number of over 1,100 delegates representing over 400 companies and 53 countries from the insurance, reinsurance and broking community.   4 November 2019
Insurance
US insurer Allstate Corporation said its strategy to grow its personal protection market share, including the acquisition of InfoArmo, is working as it reported its 2018 year end results.   8 February 2019
Insurance
Bermuda-based RenaissanceRe Holdings (RenRe) has appointed Cythnia Trudell to serve as an independent director of the company, following the retirement of Edward Zore.   8 February 2019
Insurance
RSA Insurance Group's new European office in Luxembourg will be led by Richard Turner who previously oversaw the company's EU business from the UK, and has relocated to take up the role.   4 September 2018

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