Articles
Alternative Risk Transfer
Senior executives met to discuss how the industry can rise to the challenge of accelerating change at the Intelligent Insurer and Allianz roundtable at SIRC 2019 in Singapore. 2 January 2020
Insurance
Profits dipped at IAG Group in the first six months of its reporting cycle to December 31, 2016, but its CEO said that commercial pricing in Australia and New Zealand has passed the bottom of the cycle. 22 February 2017
Insurance
Markel Global Insurance, a division of specialty insurer Markel Corporation, has hired John Ferguson as a director of the New York-based US excess casualty team. 21 July 2017
Insurance
James River has withdrawn its coverage of Uber because changes in its business model and regulatory changes in California in particular made the account unprofitable. But other insurers are stepping in – and technology may hold the key to making such business profitable for insurers long term. 22 January 2020
Insurance
Fitch Ratings has reduced the outlook for Cayman Islands-based XL Group subsidiary XL (XLIT) and its property/casualty re/insurance subsidiaries to negative after “a meaningful deterioration in capitalization” following third-quarter nat cat losses. 30 October 2017
Alternative Risk Transfer
Bermuda-based Markel CATCo Investment Management (Markel CATCo) said on Oct. 30 that it raised over $1.8 billion for its private fund as a result of additional investments from both existing and new investors. 30 October 2017
Insurance
Re/insurer XL Group has appointed Abbe Goldstein to succeed David Radulski as director of investor relations, following Radulski’s retirement in March. 3 January 2017
Insurance
New products based on technology and data are increasingly being brought to market, while claims processes are being sped up through technologies such as blockchain, freeing up capabilities for new services, according to panellists at an Intelligent Insurer roundtable sponsored by S&P Global Ratings at October’s Baden-Baden Reinsurance Meeting. 10 December 2017
Insurance
Bermuda-based RenaissanceRe Holdings reported a net loss attributable to shareholders of $3.5 million for the fourth quarter of 2017 but claims “strong execution at the January 1 renewals”. 1 February 2018
Insurance
Trust Insurance Management WLL, a subsidiary of Trust Re, a reinsurer based in the Kingdom of Bahrain, has been approved as a Lloyd’s Coverholder. 15 April 2016
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