Articles

Insurance

California wildfire property reconstruction may cost $8.6bn

Within the perimeters of the Camp Fire in Northern California and the Woolsey Fire in Southern California 23,044 homes with a total reconstruction cost value (RCV) of approximately $8.6 billion are at high or extreme risk of wildfire damage, according to CoreLogic estimates.   19 November 2018

Insurance

US P&C to post second consecutive underwriting loss in 2017

The US property/casualty (P&C) industry is set to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses, according to AM Best estimates.   7 February 2018

Insurance

JLT poaches senior AIG executive as global aviation head

Jardine Lloyd Thompson Group (JLT) has hired AIG's former aerospace and marine leader Joe Trotti to become the broker’s global practice head of aviation, and join its new global specialty leadership team.   7 February 2018

Insurance

Chaucer takeover by China Re receives approval

The European Commission has approved the acquisition of Chaucer by China Reinsurance Group Corporation on December 18.   19 December 2018

Insurance

Canopius poaches AXA exec for credit and political risk unit

Specialty re/insurer Canopius has appointed Rebecca Marsden as credit and political risk underwriter.   29 March 2018

Insurance

Brit Global Specialty taps cyber, technology leader from Beazley

Specialty re/insurer Brit has hired Beazley's Jeff Norton as senior vice president, cyber & technology for Brit Global Specialty USA (BGSU).   8 November 2018

Insurance

Gallagher bolsters UK construction practice

Broker Gallagher has strengthened its UK construction division within the speciality business with the appointment of Julie Scott.   9 August 2018

Insurance

Swiss Re close to 25% stake sale to SoftBank

Swiss Re is reportedly close to sealing a deal which will see Japanese conglomerate SoftBank acquiring a 25 percent stake in the reinsurer, according to a March 28 Bloomberg News report citing "people familiar with the matter".   29 March 2018

Insurance

Hurricane Michael insured losses reach $5bn

The total estimated insured losses from hurricane Michael have reached $5.02 billion, according to the Florida Office of Insurance Regulation.   16 January 2019

Insurance

Aon invests in insurtech CoverWallet, unveils commercial partnership for SMEs

Re/insurance broker Aon has entered into a commercial partnership with insurtech start-up CoverWallet, an online platform helping small businesses to understand, buy and manage insurance, in Australia.   31 May 2019

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