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Insurance
Property/casualty insurer Ironshore International has appointed Jörg Eickstädt as head of direct and facultative property. 7 July 2016
News
Researchers quizzed cedants on which reinsurers they rate the highest, based on a variety of criteria. The following tables show the most highly regarded reinsurers in Latin America on this basis. 27 October 2015
Insurance
KIRS Group, the holding company being created to combine Autonet, Chase Templeton, Direct Group, Price Forbes and Towergate, is launching a secured bond offering for an aggregate principal amount of £800 million, alongside committing to enter into a £90 million super senior revolving credit facility. 25 May 2017
Insurance
The number of companies writing flood insurance in Florida has doubled from 10 to 20 firms in the past year, mainly thanks to the use of new technology to better predict and price flood risk, according to a report by Lisa Miller & Associates. 20 July 2017
Insurance
Global economic losses from natural disasters for 1H 2017 were estimated at $53 billion – 56 percent lower than the 10-year average of $122 billion and 39 percent lower than the 17-year average of $87 billion, according to Aon catastrophe report. 20 July 2017
Insurance
While many re/insurers see cyber risk as an opportunity to grow in the current soft market, Swiss Re’s CEO Christian Mumenthaler suggested that the excitement may be inappropriate and that governments need to prepare for extreme events. 12 September 2017
News
Third Point Re recorded a net profit of $27.6 million for its 2016 full year results, an improvement from a loss of $87.4 million in 2015, despite a widening underwriting loss. 24 February 2017
Insurance
US-based Fifth Third Insurance Agency has signed an agreement to acquire RG McGraw Insurance Agency that specialises in property/casualty insurance and risk management analysis for personal lines and commercial lines. 1 March 2017
Insurance
Due to the decision of the Lord Chancellor to cut the personal injury discount rate, Aviva expects to take a charge to its 2016 IFRS profit after tax of approximately £385 million. 28 February 2017
Insurance
Universal Insurance Holdings said on Oct. 10 that the bulk of the expected losses from Hurricane Irma will be picked up by reinsurance while noted that it is protected from a potential market hardening. 11 October 2017
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