Articles
Insurance
Following the acquisition of Bermuda-based Endurance, Sompo Japan Nipponkoa Insurance has launched a fully integrated global commercial insurance and reinsurance platform based in Bermuda, which has been named Sompo International. The new corporation will have its own board, led by John Charman as chairman and CEO, reporting to the Sompo CEO Kengo Sakurada. 29 March 2017
Insurance
As UK’s Prime Minister Theresa May signs the letter that will formally begin the UK's departure from the European Union, the insurance industry is expected to accelerate its plans to adapt their business and move operations in order to be able to service their clients within the European Union. 29 March 2017
Alternative Risk Transfer
While alternative capital is here to stay, the industry could well experience a significant reset in rates if cracks in reserves widen and this combines with a big catastrophe loss, says Weston Hicks, the president of Alleghany, who also explains to Intelligent Insurer why his business is ready to benefit from such a scenario. 29 March 2017
Insurance
Former Endurance CEO Ken LeStrange retired as the chairman of US-based Orchid Underwriters' board of directors, the company said. He will be replaced by Steven Carlsen, who was also a founding member of Bermuda-based Endurance Specialty Holding. 28 March 2017
News
Pool Re, a mutual reinsurer that provides terrorism cover for commercial property in the UK, has appointed Andrew Sean Donaldson as deputy head of risk analysis. 28 March 2017
Insurance
Lloyd’s of London suggested that insurers should work with stakeholders to make cities’ infrastructure to catastrophic events more resilient. 27 March 2017
Insurance
Property/casualty insurer Chubb has introduced its online platform for brokers and their small and medium sized (SME) and middle market clients in the UK and Ireland. 27 March 2017
Insurance
New Zealand-based credit and financial risk re/insurer CBL Corporation is set to acquire US insurer Affirmative Direct Insurance Company for $5.7 million. 27 March 2017
Insurance
Broker Willis Towers Watson has completed the acquisition of Russell Investments’ Australian actuarial practice. The transaction was first announced on February 16. 27 March 2017
Insurance
Specialist commercial insurer CNA Hardy, re/insurance broker THB, and cybersecurity specialist Waterfall Security Solutions have entered into a partnership to provide a new cyber security protection package for industrial businesses globally. 27 March 2017
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