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Fannie Mae completes $14bn credit risk transfer deals
Insurance
Fannie Mae, the US government-backed financial institution that provides liquidity to the US mortgage markets by buying mortgages from lenders, has completed two new front-end credit insurance risk transfer (CIRT) deals.   12 July 2019
TigerRisk researches future trend for more hurricanes stalling over land
Insurance
As tropical Storm Barry moves towards New Orleans, weather forecasters are predicting that it could become a hurricane and then stall over land, meaning that rain, not wind, will be the main peril.   12 July 2019
Markel to provide liability coverage for professional employer organisations
Insurance
Specialist insurer Markel Corporation has added a stand-alone employment practices liability policy customised for professional employer organisations (PEOs) to its management liability suite of products.   12 July 2019
Insurance
Re/insurance broker Aon has appointed Tim Ronda as president of its US reinsurance solutions business with immediate effect.   12 July 2019
Insurance
Now seems to be a great time to be running an MGA – but are there downsides? And what is the future for the sector? We asked five MGAs some questions around their confidence, concerns and goals—and their opinions on technology in our virtual roundtable.   12 July 2019
Insurance
Specialist re/insurer Hiscox expects to deliver between $150 million and $170 million in profit before tax in its 2019 half year results, despite a “significant” and “continued deterioration” in the insurance market caused by 2018 catastrophe events such as Typhoon Jebi in Japan and Hurricane Michael in Florida.   12 July 2019
Insurance
Lloyd’s of London has received "widespread backing" from its market participants and stakeholders on its recently-launched strategic plan of transformational initiatives, including simplifying market access and lowering costs, to ensure the 333-year-old marketplace can thrive in an increasingly challenging environment.   12 July 2019
Insurance
French reinsurer SCOR SE has entered into a new liquidity contract with Exane, following changes in the regulations relating to liquidity agreements.   12 July 2019
Insurance
The Association of British Insurers (ABI) has appointed Allianz Insurance chief executive Jon Dye as its new chairman, replacing Amanda Blanc who resigned last week.   12 July 2019
Insurance
General insurer (GI) Uinsure has launched a ‘zero questions asked’ quote platform for UK home insurance in partnership with big data ‘supermarket’ insurtech WhenFresh.   12 July 2019

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