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Rate increases in the January 2018 renewals were lower than expected after the significant natural catastrophe losses of the third quarter of 2017 but retrocession catastrophe programmes increased by up to 20 percent, according to a JLT Re market report. 26 January 2018
Insurance
Property/casualty insurer Chubb has revealed its preliminary fourth quarter loss estimates from natural catastrophes of approximately $320 million before taxes (or $249 million after tax). 30 November 2017
Insurance
Munich Re-owned ERGO has decided to end discussions concerning the sale of its German life insurance companies with traditional life insurance portfolios. 29 November 2017
Insurance
Bermuda-based Sirius Group has expanded its specialty insurance platform with the addition of Robert Potter and Bob Albanese to its environmental team. 17 July 2017
Insurance
The UK government is extending the terrorism cover offered by Pool Re to include non-damage business losses resulting from acts of terrorism. 22 March 2018
Insurance
Chubb was the top US cyber insurer in 2017, rising past American International Group (AIG) and XL Catlin, according to AM Best. 21 May 2018
Insurance
Specialist broker Alesco Risk Management Services has hired Willis' Martin Hiller as chairman of its UK construction team. 23 April 2018
Insurance
Berkshire Hathaway Specialty Insurance Company (BHSI) has established a new office in London and filled key leadership roles with former AIG, Allied World, Chubb and Marsh executives. 8 February 2017
Insurance
Loss estimates for the HIM Hurricanes (Harvey, Irma & Maria) are beginning to rise, according to investment firm Jefferies. 22 January 2018
Insurance
Broking firm the County Group (County), part of Global Risk Partners (GRP), has acquired a UK insurance broker with more than 70 years of trading in the Stoke on Trent area “bringing significant scale” to County’s North West UK hub. 24 June 2019
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