News
Insurance
Re/insurers can capitalise on a growing capital efficiency gap caused by the impact of climate change if they can educate buyers and develop products able to solve some of these challenges, according to Greg Lowe, global head of resilience and sustainability at Aon, in a new report called ‘Weather volatility and chronic climate risk: a growing capital efficiency gap.’ 13 December 2018
Insurance
Haven Holdings, a specialist runoff insurer based in Puerto Rico, has appointed Gordon Rowell as the chief operating officer of Time Insurance Company, a business it recently acquired from Interfinancial, a subsidiary of Assurant. 13 December 2018
Insurance
MarketScout, the electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has expanded its private client solutions team with the addition of Eduardo Crema as a production underwriter. 13 December 2018
Insurance
The US Department of the Treasury and the Office of the US Trade Representative intend to sign a bilateral agreement between the US and the UK on prudential measures regarding insurance and reinsurance (US-UK Covered Agreement) as the UK leaves the EU. 12 December 2018
Insurance
Bermuda-based Enstar Group, Germany’s Allianz and investment firm Hillhouse have made equity investment commitments in aggregate of $470 million as part of a joint venture to Enhanzed Reinsurance, a Bermuda-based Class 4 and Class E reinsurer. 12 December 2018
Insurance
Bermuda-based re/insurer AXIS Capital Holdings has extended the contract of president and CEO Albert Benchimol until Dec. 31, 2023. 12 December 2018
Insurance
Re/insurer AXA XL has unveiled its new excess & surplus (E&S) casualty product leads in the US, including a senior hire from QBE. 12 December 2018
Insurance
Tropical cyclone Owen is forecast to move towards the Queensland coast in Australia and may reach category 3 intensity by Thursday morning, December 13, according the country’s Bureau of Meteorology. 12 December 2018
Insurance
Private equity firm Odysseus Alternative Ventures (OAV) has partnered with the APICIL Group, a French social protection provider, to create Insurtech Capital I. with a commitment of €10m. 12 December 2018
Insurance
New England Asset Management (NEAM) has appointed Rui Wang as an enterprise capital return & risk management professional in London. 12 December 2018
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