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Belisle/Fredricks leave Markel CATCo after “undisclosed personal relationship” uncovered

Bermuda, North America21-01-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

Markel CATCo, which has been conducting an internal review into its loss reserves in 2017, has parted company with two of its senior executives with immediate effect after it appears it discovered evidence of an “undisclosed personal relationship” in the course of the investigation.

AlphaCat strikes new ILS deal with Ledger Capital Markets

Bermuda, North America18-01-2019Alternative Risk Transfer News, Insurance news, Reinsurance News

AlphaCat Managers, AIG's third-party reinsurance capital management and insurance-linked securities (ILS) unit, has entered into an ILS transaction with Ledger Capital Markets.

Argo pegs Q4 2018 cat loss at $32m

Bermuda, North America18-01-2019Insurance news, Property cat, Reinsurance News

Bermuda specialty re/insurer Argo Group International Holdings has estimated preliminary pre-tax losses of $32 million related to 2018 fourth quarter catastrophic events, primarily driven by hurricane Michael and the California wildfires.

BMA unveils executive board changes

Bermuda18-01-2019Insurance news, Reinsurance News

The Bermuda Monetary Authority (BMA) has appointed Jeremy Cox as its new executive chair for a three-year term, replacing Gerald Simons who is retiring as chair of the board.

Guy Carpenter restructures, reshuffles leadership post JLT deal

Europe, London, North America, UK17-01-2019Insurance news, Reinsurance News

Reinsurance broker Guy Carpenter & Company has unveiled a new global capital solutions group and several key leadership appointments, which will become effective after the closing of the JLT acquisition by its parent Marsh & McLennan Companies (MMC).

Liberty Mutual Re hires XL Catlin exec for international casualty role

Europe, Global17-01-2019Casualty, Insurance news, Reinsurance News

Liberty Mutual Re, the reinsurance unit of Liberty Mutual Insurance Group, has appointed Vincent Gilardi as senior underwriter for international casualty.

Maiden sells auto group to Allianz, strikes reinsurance deal

Bermuda, Europe17-01-2019Insurance news, Reinsurance News

Bermuda-based Maiden Holdings has sold its European automotive group AVS Automotive VersicherungsService to German insurer Allianz.

AM Best warns of increased Brexit uncertainty for UK insurers

Europe, London Market, UK17-01-2019Insurance news, Reinsurance News

AM Best has warned that uncertainty as to the UK’s future trading relationship with the EU has increased following the vote in the House of Commons on Jan. 15, 2019, rejecting the deal terms agreed with the EU by Prime Minister Theresa May’s government.

Blue Capital Reinsurance revises Q4 cat losses upwards

Bermuda17-01-2019Insurance news, Property cat, Reinsurance News

Bermuda-based Blue Capital Reinsurance Holdings has raised its fourth quarter catastrophe loss estimates to $30.0 million net of reinsurance and reinstatement premiums from $17.0 million as of Dec. 11, 2018.

Portalatin becomes vice chairman of Marsh & McLennan

17-01-2019Insurance news, Reinsurance News

Julio Portalatin has been appointed vice chairman of Marsh & McLennan Companies (MMC).

Showing 1 to 10 of 7184 results

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