If a severe Category 4 hurricane, similar to one that occurred in 1821, were to happen today, it would cause more than $100 billion in property losses – 50 percent more damage than Hurricane Sandy.
Eurobase Insurance Solutions, a software and services provider, has made a number of appointments to its insurance team and group services team.
Ukraine-based insurance company BROKBUSINESS, a strategic partner of Bermudian niche reinsurer Phoenix CRetro, has been awarded a licence from the National Bank of Ukraine to post collateral abroad as part of its retro reinsurance capacity provision.
The influx of alternative capital into the US property catastrophe reinsurance market is not being widely deployed into terrorism risk.
Mitsui Sumitomo Insurance Group (MSIG) at Lloyd’s has posted solid profits for the year ended December 31, 2013.
ACE Group has made a number of key executive appointments in its multinational claims operations to support the recent creation of ACE’s global accounts division.
AIG has unveiled a new leadership team as two senior execs announce plans to retire.
XL has launched a regional underwriting operation in Scottsdale, Arizona to offer brokers and clients in the Western US local, more direct access to its Excess & Surplus (E&S) insurance coverages.
Brit Insurance has established a consortium to offer first loss limits of up to $250 million of first party coverage.
Over the past two years, around $20 billion of new capital has entered into the reinsurance market.