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BAM seals collateralized reinsurance agreement with Fidus Re

North America17-04-2018Insurance news, Reinsurance news

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.

Cyclone Friederike insured losses reach €1.63bn

Europe, UK17-04-2018Insurance news, Property cat, Reinsurance news

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.

MGA launches in Hong Kong under former Nexus executive

Asia Pacific16-04-2018Insurance news, Specialty

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.

New AI-powered cyber underwriting firm launches

London16-04-2018Insurance news, Specialty, Technology News

Envelop Risk, a new global specialty cyber insurance analytics and underwriting firm, has been launched in London.

PartnerRe taps Hannover Re EVP for US life business

North America16-04-2018Insurance news, Reinsurance news

Bermuda-based PartnerRe has appointed Hannover Re's Chris Shanahan as executive vice president, corporate development, US life.

AXIS unveils new initiative to tackle cyber risks

London, UK16-04-2018Insurance news, Reinsurance news, Technology News

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.

Insurtech startup Konsileo secures £2.7m to scale up operations

London, UK16-04-2018Insurance news, Technology News

London-based commercial insurance broker Konsileo has raised £2.7 million in Series A funding from Belgravia-based technology investor Committed Capital.

Alternative capital set for further growth in 2018

Global16-04-2018Alternative risk transfer news, Insurance news, Reinsurance news

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 describes Lloyd’s issues as he targets business locally

Europe, North America16-04-2018Insurance news, Specialty

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 appoints France general manager from AIG

Europe16-04-2018Insurance news, Specialty

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed Richard Deguettes as general manager for France.

Showing 41 to 50 of 13310 results

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