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Insurance
Organisations are facing an increased threat to their operations from fraudulent instruction scams, according to claims data recorded by cyber specialised insurer Beazley. 5 February 2018
Alternative Risk Transfer
The amount of capital dedicated to writing reinsurance will increase to an estimated $427 billion in 2017, compared with $420 billion in 2016, according to AM Best. 5 February 2018
Insurance
Specialty insurer Navigators has appointed Charles Juarbe as head of Latin America and the Caribbean for NavPro as part of its expansion plan for the unit. 19 September 2017
Insurance
Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has appointed Bob Cowdell as its first independent non-executive director to support its expansion and growth plans. 14 May 2018
Insurance
US wholesale distributor of specialty insurance AmWINS Group said on Oct. 16 that it is acquiring 15 insurance programmes from brokerage Willis Towers Watson. 17 October 2017
Insurance
Bermuda-based Everest Re Group has formed a new business segment targeting small, middle and large private/not-for-profit (NFP) companies on a primary and excess basis, offering innovative product and solutions across several industries. 13 November 2017
Insurance
Howden, the retail broking arm of Hyperion Insurance Group, has acquired a majority stake in New Generation Insurance Services (NGIS) in Oman. 13 November 2017
Insurance
Bermuda-based re/insurer Sompo International has hired Alison Wood and Lorene Phillips for its global casualty reinsurance team in London. 13 November 2017
News
Reinsurers have embraced third-party capital through instruments like sidecars, collateralized reinsurance, and catastrophe bonds and the retrocession market increasingly depends on this convergence capital, a new report by S&P Global Ratings states. 15 August 2018
Insurance
The Indian government raised about 98 billion rupees ($1.5 billion) on Oct. 13 by selling some of its shares in the nation’s top reinsurer General Insurance Corp of India (GIC Re), Reuters reported on the same day. 16 October 2017
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