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Insurance
AXIS makes Berkley hire and key promotion in US Programs
AXIS Capital Holdings has made two appointments within the US Programs, property and casualty team of its AXIS Insurance business unit.   12 October 2017
Insurance
TransRe shrinks business to protect underwriting quality
Alleghany Corporation’s TransRe is shrinking its business despite rate improvements in the property/casualty (P&C) market to protect underwriting quality.   22 February 2018
Insurance
Audit review service launched to tackle new UK data regulations GDPR
EC3 Consultants, a business support organisation targeting the insurance industry, has launched a General Data Protection Regulations (GDPR) review and audit service to support insurance companies, brokers and MGAs grappling with the new data requirements.   4 July 2017
Alternative Risk Transfer
Cayman Islands speed up cat bond issuance
The Cayman Islands Monetary Authority (CIMA) is streamlining applications for cat bond vehicles.   21 February 2017
Insurance
Euler Hermes UK and Ireland CEO resigns; successor named
Trade credit insurer Euler Hermes has appointed Milo Bogaerts as CEO for UK and Ireland, effective from April 1.   21 February 2017
Insurance
US tax cuts hit insurers in Q4 but offer long-term gains
A number of US insurers have released estimates of what impact new US tax laws will have on their businesses with most anticipating immediate one-off charges but a longer-term positive effect on profits.   9 January 2018
Insurance
RGA's innovation unit acquires LOGiQ3 Group
RGAx, the innovation and digital business unit of Reinsurance Group of America, will acquire Toronto-based LOGiQ3 Group, a company that provides technology, consulting, and outsourcing solutions to the North American life insurance and reinsurance industry.   9 January 2018
Insurance
Willis Re attempts to add ‘silent cyber’ to risk model
Willis Re has upgraded its cyber risk portfolio modelling tool PRISM-Re to now include what it has termed silent cyber – cyber losses arising from insurance policies not specifically designed to cover cyber risk.   9 January 2018
Insurance
Travelers expects $62m hit from UK Ogden rate slash
US property/casualty insurer Travelers has estimated the impact of UK’s personal injury Ogden discount rate at $62 million.   20 March 2017
Insurance
US thunderstorm property losses as high as from hurricanes
The risk to US property from thunderstorms is as high as from hurricanes, according to a Willis Re report.   20 March 2017

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