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Travelers boosts cat bond cover, reduces traditional reinsurance
Alternative Risk Transfer
US-based property/casualty insurer Travelers has increased its catastrophe bond coverage to take advantage of the favourable pricing environment while reducing traditional reinsurance purchase, Travelers chief financial officer Jay Benet said during the second quarter 2018 conference call.   23 July 2018
Insurance
Broker Marsh said on Aug. 31 that it has appointed David Nayler as leader of its UK financial institutions industry practice.   31 August 2017
Insurance
Trade credit insurer Euler Hermes has appointed Christophe White as head of its UK transactional cover unit.   31 August 2017
Insurance
Africa’s $6.8 billion reinsurance market is expected to recover markedly in 2018 with executives bullish about the prospects for their markets, according to annual research report Africa Reinsurance Pulse 2017.   16 October 2017
Insurance
Insured losses for Hurricane Harvey are estimated at approximately $650 million pre-tax, and Irma estimated from $800 million to $950 million, according to preliminary loss estimates from Chubb.   28 September 2017
Insurance
VIG Re, the Czech Republic-based reinsurer, is opening a branch office in Frankfurt, Germany, to expand its European presence.   28 September 2017
Insurance
The insured property market loss for tropical storm Debbie, the strongest tropical cyclone in the Australian region since Cyclone Quang in 2015, has reached A$1.658 billion ($1.3 billion), according to PERILS.   28 September 2017
Insurance
Castel Underwriting Agencies, the club-style MGA formation platform, has appointed Mark Posner as its chief operating officer.   12 June 2014
Insurance
Jardine Lloyd Thompson (JLT) has reshuffled its senior leadership. The changes were prompted by the retirement of JLT’s UK employee benefits business chief executive but extend into its Asia business where it has recruited a senior executive from Willis.   30 January 2015
Insurance
Randall & Quilter (R&Q) has completed the acquisition of AstraZeneca Insurance Company (AZICO) after receiving all the necessary approvals.   4 July 2017

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