New York-based Mutual insurer of US municipal bonds Build America Mutual (BAM) is expanding its claims-paying resources by $100 million through a collateralized reinsurance agreement with Fidus Re, a special-purpose insurer created solely to provide collateralized reinsurance protection to BAM.
The re/insurance industry loss from extratropical cyclone Friederike (also called David) has reached €1.63 billion, according to Zurich-based catastrophe insurance data provider PERILS.
London-based insurance broker HWI International Group is launching a new managing general agent (MGA) in Hong Kong to begin underwriting on July 1, 2018.
Envelop Risk, a new global specialty cyber insurance analytics and underwriting firm, has been launched in London.
Bermuda-based PartnerRe has appointed Hannover Re's Chris Shanahan as executive vice president, corporate development, US life.
Re/insurer AXIS Capital Holdings has launched a cyber centre of excellence to provide products and solutions for mitigating cyber threats associated with companies’ tangible and intangible assets.
London-based commercial insurance broker Konsileo has raised £2.7 million in Series A funding from Belgravia-based technology investor Committed Capital.
Alternative capital rose by $8 billion to $89 billion in 2017 and is expected to grow further in 2018 after a strong first quarter, according to Aon Benfield’s April 2018 Reinsurance Market Outlook.
Navigators CEO Stanley Galanski has described how London has become an increasingly challenging market and explained why he believes that targeting local markets directly in continental Europe is the way to go.
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed Richard Deguettes as general manager for France.