Many reinsurers ‘increase cat risk exposure’ to exploit 2019 price uptick, finds S&P Global
Most of the top 20 reinsurers have switched strategy to take advantage of the price uptick, seen during the April, June and July 2019 renewals, by increasing their exposure to catastrophe risk, a report from S&P Global has found.
Fairfax appoints Jennifer Allen new group chief financial officer
Canada-based Fairfax Financial Holdings, the property and casualty re/insurance conglomerate which includes OdysseyRe, Allied World and Brit, has appointed Jennifer Allen as new chief financial officer (CFO).
Greenlight Re makes strategic investment in Australian insurtech Handdii
Cayman Islands-based reinsurer Greenlight Capital Re's insurtech unit has made a strategic investment in Australian property insurance claims fulfilment platform Handdii.
Everest adds to risk management casualty unit in US
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has appointed Vahan Paretchan as vice president and East region leader for the risk management casualty division, which provides primary casualty solutions to customers in the large account marketplace.
Liberty’s CEO Long sees Q2 2019 net income drop as cats cause ‘unusual volatility’
Liberty Mutual Insurance saw a considerable drop in its net income in Q2 2019 from the same quarter a year earlier, as chairman and chief executive David Long highlighted “unusual volatility” caused by Typhoon Jebi and higher than expected non-catastrophe loss activity.
Beazley appoints Will Roscoe to lead ‘smart tracker’ special purpose syndicate 5623
Specialist insurer Beazley has appointed Will Roscoe as head of its ‘smart tracker’ special purpose syndicate 5623.
Aviva to review Asia unit as new CEO rethinks strategy amid 'mixed' H1 2019 results
UK's life and general insurer Aviva has said that the company is "considering a range of options" to enhance its Asian business as new CEO Maurice Tulloch looks to re-energise the business with a fresh growth strategy.
New Third Point Re CEO Malloy 'pleased' with Q2 and H1 2019 results as profits improve
Third Point Re's new CEO Daniel Malloy is "pleased" with the company's performance as he highlighted improved underwriting profitability for both the second quarter and first half of 2019.
Randall & Quilter provides legacy reinsurance for Bermuda captive
Randall & Quilter Investment Holdings (R&Q) has issued a loss portfolio transfer reinsurance, covering workers’ compensation, product, auto, and general liability risks, for a Bermuda domiciled captive.
AIG’s Duperreault says ‘strong’ Q2 2019 results supported by ‘foundational changes’ at insurer
Insurer AIG reported “strong” income growth in its Q2 2019 results with its CEO pointing to the company’s 2017 decision to restructure its business into three units - operating under a General Insurance business unit, a Life and Retirement unit, and a standalone technology unit.
