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Lloyd’s commits to honouring claims in no-deal Brexit

Europe, London Market, UK11-10-2018Insurance news, Reinsurance News

In the event that the UK leaves the EU with no transition or implementation period before Lloyd’s transfers the European Economic Area (EEA) business to its Brussels subsidiary, Lloyd’s underwriters will continue to honour their contractual commitments including the payment of valid claims, according to a corporate statement.

Hurricane Michael losses expected at up to $4.5bn

North America11-10-2018Insurance news, Property cat, Reinsurance News

Hurricane Michael made landfall as a Category 4 hurricane along the Florida Panhandle coast yesterday (Oct. 10) and is expected to have caused damage from wind and storm surge in the range of $2 billion to $4.5 billion, according to CoreLogic estimates.

Hiscox appoints CFO for reinsurance, ILS

Bermuda11-10-2018Alternative Risk Transfer News, Insurance news, Reinsurance News, Specialty

Specialist insurer Hiscox has appointed Liz Breeze as the new chief financial officer (CFO) of its reinsurance and alternative capital business Hiscox Re & ILS, based in Bermuda.

Reinsurers on the hook for hurricane Michael losses

North America11-10-2018Insurance news, Property cat, Reinsurance News

Reinsurers are likely to bear the brunt of the losses caused by hurricane Michael, KBW's Meyer Shields suggested in a research note.

Newly merged SSL Endeavour boosts property team with Aon hire

London, UK11-10-2018Insurance news, Reinsurance News

Specialist independent Lloyd’s broker and delegated authority specialist SSL Endeavour Group, which have recently merged under private investment firm JC Flowers, is expanding its property team with new hires from Aon and Bell & Clements.

Brokerslink bolsters broker network in Africa

Africa, MENA11-10-2018Insurance news, Reinsurance News

Brokerslink has expanded its global broker network with the addition of eight new independent brokers from Africa, extending its presence to 21 countries across the continent.

CCRIF to makes first payout to Barbados in 2018/19 policy year

Caribbean, Cayman Islands11-10-2018Insurance news, Property cat, Reinsurance News

CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has made its first payout to Barbados on its excess rainfall policy in the 2018/19 policy year.

Maiden sells US casualty fac business to Sompo

Bermuda, North America10-10-2018Insurance news, Reinsurance News

Bermuda-based Maiden Holdings as agreed to sell its US facultative business including its team of specialists to Japan-based Sompo Group.

Ascot CEO becomes new Lloyd’s Market Association chairman

London Market, UK10-10-2018Insurance news, Reinsurance News

Andrew Brooks, CEO of Ascot Underwriting, has been appointed the next chairman of the Lloyd’s Market Association (LMA) with effect from Jan.1, 2019.

London Market profitability to remain under pressure in 2018: Fitch

London Market, UK10-10-2018Insurance news, Reinsurance News

The profitability of London Market insurers is set to remain under pressure in 2018, according to Fitch Ratings.

Showing 71 to 80 of 14741 results

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