Broker Alesco Risk Management Services and Africa Re have launched a $3.5 billion reinsurance facility designed to cover all international upstream energy insurance programmes written from Equatorial Guinea.
Specialty re/insurer Chaucer has appointed Dr Zuo Huiqiang, the deputy general manager of China Re P&C, as a non-executive director of Chaucer Syndicates, the group’s Lloyd’s managing agency.
Arch Insurance International has invested in Archipelago Risk Services (Archipelago), a personal lines managing general agency backed with underwriting capacity from Arch Insurance (UK).
Accredited Surety & Casualty Company, the Florida-headquartered US insurer owned by Randall & Quilter Investment Holdings, has had its group rating upgraded by AM Best from VII to VIII.
The December 2018 Sydney hailstorms will cost the industry some A$633 million, according to PERILS in its second loss estimate for the catastrophe.
In its 2019 outlook, Munich Re has unveiled a group profit target of around €2.5bn, saying the reinsurer is “on track” to achieve this.
SCOR has made five appointments including CEO posts, as part of a senior reshuffle that will start coming into effective from 1 April 2019.
Global business insurer Allianz Global Corporate & Specialty (AGCS) has rejigged board level roles and senior leadership responsibilities.
Markel said it is “incredibly optimistic” about the future of its insurance linked securities (ILS) business despite ongoing investigations into recorded loss reserves at CATCo and its subsidiaries.
Specialty international re/insurer group Chaucer has partnered with marine insurtech firm Concirrus to enhance its underwriting and add value for clients.