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Insurance
Bermuda-based run-off firm Catalina Holdings said on Oct. 17 that private equity firm Apollo Global Management has signed a definitive agreement to acquire a majority shareholding in the company. 17 October 2017
Insurance
Property/casualty insurer Chubb said on Sept. 11 that it plans to establish its EU headquarters in France. 12 September 2017
Insurance
AXIS Insurance, a part of Bermuda-based holding company AXIS Capital, has hired Christina Tom as vice president, renewable energy underwriter. 12 September 2017
News
Reinsurance broker and consultant JLT Re has appointed Thierry Cuisenier as a partner in its Paris office. 12 September 2017
Alternative Risk Transfer
London’s new ILS framework can make the City the global hub for innovative ILS solutions, according to Guy Carpenter. 12 September 2017
Insurance
Lloyd’s is expected to be among the hardest hit from Hurricane Irma, according to a Sept. 11 Moody’s report. 12 September 2017
Insurance
Combined insured losses for Hurricane Irma for the US and selected islands in the Caribbean will be between $20 billion and $65 billion, according to estimates by AIR Worldwide. 12 September 2017
Insurance
Five seasoned executives from the re/insurance industry discussed technology, talent, reserves and, of course, pricing in the context of potentially costly hurricane losses at the annual S&P Reinsurance Roundtable at the Monte Carlo Rendez-Vous. 11 September 2017
Insurance
The insurtech revolution will have a massive impact on the primary insurance market and has the potential to shrink the business available to reinsurers, Christian Mumenthaler, the chief executive of Swiss Re, told Monte Carlo Today. 10 September 2017
Insurance
Reinsurers forced to increase their reserves in the wake of recent changes to the Ogden formula in the UK—the discount rate used for personal injury claims in the UK—could look to pass these costs on to their cedants by increasing rates on some lines of business, Mark O’Riordan, group reinsurance director at Ecclesiastical, told Monte Carlo Today. 10 September 2017
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