Articles
Alternative Risk Transfer
Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction. 10 December 2018
Alternative Risk Transfer
Markel CATCo Investment Management plans to increase the specific loss reserves held by the company related to the 2017 loss events namely hurricanes Harvey, Irma, Maria (HIM) and the California wildfires that year. 10 December 2018
Insurance
Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991, 3330 and 1110, is joining DTW’s panel of capacity providers, as one of its largest backers, from January 1, 2019. 10 December 2018
Alternative Risk Transfer
Markel Corporation has confirmed that it is fully cooperating with inquiries by US and Bermuda authorities into loss reserves recorded in late 2017 and early 2018 at Markel CATCo Investment Management and its subsidiaries. 7 December 2018
Insurance
Bermuda-based Enstar has completed an investment of $200 million in Evergreen Parent, the entity that has been used to take AmTrust Financial Services private and holds its equity. 7 December 2018
Insurance
As the US wildfire costs exceed $10 billion in 2018 for the second year running, wildfires may no longer be a secondary peril, Steve Bowen, Impact Forecasting director and meteorologist at Aon, has suggested. 7 December 2018
Alternative Risk Transfer
AM Best has revised its market segment outlook for the global reinsurance industry to stable from negative for 2019. 6 December 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group is integrating its Ironshore Bermuda businesses and rebrands it as Liberty Specialty Markets Bermuda. 6 December 2018
Insurance
American International Group (AIG) is expecting natural catastrophes to cost the insurer between $750 and $800 million pre-tax in the fourth quarter of 2018, CEO Brian Duperreault said during a Dec. 5 Goldman Sachs US Financial Services Conference. 6 December 2018
Insurance
Brexit uncertainty, mounting costs and increased competition are exposing British businesses to greater levels of trading risk which by turn is increasing demand for trade credit cover, according to QBE. 5 December 2018
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