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Insurance
Average global insurance pricing increased for the first time in the fourth quarter of 2017 since Q1 2013, according to Marsh’s Global Insurance Market Index. It said this was mainly driven largely by global property insurance pricing boosted on the back of large catastrophe losses in the third quarter. 28 February 2018
Insurance
Argo Group’s acquisition of Ariel Re in February 2017 helped drive solid growth in the business, which posted impressive increases in gross written premiums and profits in the second quarter of 2017. 8 August 2017
Insurance
Re/insurer XL Catlin has expanded its marine team with the addition of Stephen Clark as vice president, national hull and liabilities practice leader in Chicago, and Alison Rizzi as senior ocean marine underwriter in New York. 4 October 2017
Insurance
A managing general agent (MGA) specialising in UK employer insurance has opened its doors for business in London. 20 March 2015
News
Peak Reinsurance is mulling over a possible flotation in Hong Kong to support the reinsurer’s long-term growth and development, AM Best said in its Sept. 5 Best Week Asia-Pacific edition, citing Fosun International chief financial officer Robin Wang. 6 September 2017
News
Munich Re has reported a loss in its property/casualty reinsurance unit of €476 million due to high levels of natural catastrophes. 15 March 2018
Insurance
Dublin-based UnipolRe plans to expand its telematics operations in Europe to Germany, France and the UK, CEO Marc Sordoni told Intelligent Insurer. 17 May 2017
Insurance
The Dublin-based subsidiary of Chaucer, an insurance group underwriting at Lloyd's, is to establish a branch in London to write a range of international specialty insurance and reinsurance business. 5 September 2017
Alternative Risk Transfer
Peak Re has completed the renewal of its Lion Rock Re II sidecar. The success of this transaction, and its predecessor the year before, is a taste of things to come, says Peak Re’s Lawrence Cheng. 27 February 2020
Insurance
The US congress has passed a short-term extension to the National Flood Insurance Program (NFIP) until July 31. 26 March 2018
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