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Insurance
Validus Specialty has launched a standalone cyber insurance product, focused on privacy and network protection coverage, to further expand its offering and meet a growing demand.   6 February 2018
Munich Re CFO expects prices, interest rates to boost 2018 results
Insurance
After an unusually tough 2017, Munich Re is facing tailwinds from increasing prices on the back of high catastrophe losses from hurricanes Harvey, Irma and Maria, as well as climbing interest rates.   6 February 2018
Insurance
Re/insurer XL Catlin has promoted Mike MacColl to the position of global practice leader for hull. Previously, MacColl held the role of head of hull for the UK.   6 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
The global reinsurance market remains challenged by various market forces that will continue to shape the landscape over the near term. The recently announced acquisition of Validus Re by AIG is just the latest chapter in the evolution of the traditional reinsurance model, where specialty focused businesses seek shelter as part of a significantly larger globally diversified enterprise.   2 February 2018
Insurance
Validus Holdings made a loss in 2017 but it enjoyed solid growth and, as the company prepares for life owned by AIG, its CEO said it has been able to take advantage of rate increases while reducing its peak US hurricane exposure.   2 February 2018
Insurance
XL Group made a net loss of $560.4 million in 2017 – a big reversal on the $440 million net profit it posted the year before. But its CEO said the company has learned from the 2017 catastrophe experience and is adjusting its portfolio accordingly.   2 February 2018
Insurance
Sompo International Holdings (SIH) has completed the transfer of the Sompo America companies’ business operations and staff into its own Bermuda-based platform.   2 February 2018
Insurance
Western European re/insurers face limited growth prospects and a continued backdrop of low investment returns, yet in the last 12 months, AM Best-rated entities have demonstrated stable credit ratings and upgrades have outnumbered downgrades.   2 February 2018
Insurance
Miller has recruited two senior executives in Singapore to help drive growth in Asia – one from Ironshore and one from Howden.   2 February 2018

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