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Insurance
UK-based Allianz Insurance, part of the Allianz Group, has appointed Helen Bryant to the role of director of SME (small and medium-sized businesses) and corporate partnerships. 30 November 2018
Insurance
US insurer WR Berkley has appointed Brad Nieland as president and CEO of Berkley Accident and Health. 30 November 2018
Insurance
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Labuan Reinsurance. 30 November 2018
Insurance
Authorities have ordered more than 10,000 people to flee from “catastrophic” wildfires in north-east Australia while heavy rainfall in the south-east has caused flooding leaving at least two people dead, according to news reports. 29 November 2018
Insurance
Moody’s estimates total insured losses from the Camp and Woolsey wildfires in California for property and casualty (P&C) re/insurers at $10-$15 billion. 29 November 2018
Insurance
Berlin-based Element, a digital property/casualty insurer, has completed its Series A financing round with €23 million in new capital as it prepares to expand internationally next year. 29 November 2018
Insurance
AmTrust Financial Services has completed the merger transaction in which Evergreen Parent acquired the approximately 45 percent of the company’s issued and outstanding common shares that the Karfunkel-Zyskind Family and certain of its affiliates and related parties did not already own or control. 29 November 2018
Insurance
AM Best has raised the net environmental losses for the US property/casualty (P&C) industry by $4 billion to an estimated $46 billion, taking industry losses for asbestos and environmental (A&E) to $146 billion. 29 November 2018
Insurance
UK-based insurance broker Ardonagh Group which includes has reduced its loss in the nine months ending September 2018 compared to the previous year. 29 November 2018
Alternative Risk Transfer
Issuance volumes of cat bonds fell in the 12 months to June 30, 2018, but this is not a true reflection of the market’s inherent robustness as it continues to mature and evolve, according to Aon’s latest ILS report. 29 November 2018
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