News

Insurance

Michael fourth strongest hurricane to hit US mainland

Hurricane Michael killed 45 people in the US, as it became the strongest tropical cyclone on record to strike the Florida Panhandle and the fourth strongest hurricane to make landfall on the US mainland, according to Aon’s Impact Forecasting team’s latest edition of its monthly Global Catastrophe Recap report.   8 November 2018

Insurance

Validus Specialty taps new COO from XL Catlin

Validus Specialty, a subsidiary of Bermuda-based re/insurer Validus Holdings, has appointed Bob Eells as senior vice president and chief operating officer. He joins the company from XL Catlin.   28 June 2018

Insurance

RMS: Hurricane Barry insured losses will not top $500m in US

Insured losses from Hurricane Barry, the second named storm of the 2019 North Atlantic hurricane season, will not top $500 million, global risk modeling and analytics firm RMS has said.   19 July 2019

Insurance

THB reveals leadership transition in European division

Specialist re/insurance broker THB has revealed key leadership changes at its European division based in Amsterdam.   17 July 2018

Alternative Risk Transfer

IAG issues first cat bond, uses new Singapore ILS laws for first time

Insurance Australia Group (IAG) has issued its first catastrophe bond; the deal also the first to be domiciled in Singapore, using its new insurance-linked securities (ILS) laws.   27 February 2019

Insurance

Chinese insurtech ZhongAn strikes technology deal with Sompo Japan

ZhongAn International, a subsidiary of China's first internet-based insurer ZhongAn Online P&C Insurance, has entered into a technology deal with Japanese re/insurer Sompo Japan Nipponkoa.   27 September 2018

Insurance

JLT Re ropes in Chaucer treaty underwriter in Miami

JLT Re has appointed Ariel Hernandez as senior vice president in Miami. Hernandez joins from the Chaucer Syndicates of The Hanover Insurance Group, where he was a treaty underwriter.   5 March 2018

Insurance

Marsh in dispute over Marshmallow trademark

Insurtech startup Marshmallow is fighting broker Marsh’s attempt to block the use of its name, according to a Jan. 18 press release.   18 January 2018

Insurance

AIG appoints deputy CFO from Zurich

American International Group (AIG) has appointed Jonathan Wismer as senior vice president, deputy chief financial officer and chief accounting officer.   6 August 2018

News

Berkshire becomes top 3 reinsurer, surpasses SCOR and Hannover Re

Berkshire Hathaway became the world's third-largest reinsurer in 2017 driven by the $10.2 billion American International Group (AIG) deal, pushing Hannover Re and SCOR to fourth and fifth place, respectively, according to S&P Global Market Intelligence.   29 May 2018

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