News

Insurance

THB swoops for senior aviation broker from Ed in growth strategy

Specialist re/insurance broker THB has hired a senior broker from Ed Broking. Matthew Gould will join THB's aviation team, reporting to division director Tom Thompson.   5 September 2018

Insurance

SCOR rejects takeover offer by Covéa

French mutual insurance company Covéa proposed to acquire a majority stake in SCOR but the proposal was met with unanimous opposition from SCOR's executive committee.   4 September 2018

Insurance

Guy Carp poaches MD from Willis Re to fill strategy role

Guy Carpenter has hired a new head of strategy and client engagement within its international and global specialties divisions, with effect from October.   4 September 2018

Insurance

Sompo International expands global risk control function

Bermuda-based specialty property and casualty re/insurer Sompo International has launched a global risk control services function within its insurance business.   2 October 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

Cost reductions and life boost results at Generali

Italian insurer Generali posted a strong set of results for 2017 including a record operating result, a performance it attributed to its life business, asset and wealth management segment, investment performance and implementing cost reductions ahead of schedule.   15 March 2018

Alternative Risk Transfer

Hiscox unveils first ever cyber ILW for re/insurers

Specialist insurer Hiscox has launched a first ever cyber industry loss warranty (ILW) product to help address the uncertainty around cyber tail risk for re/insurers.   15 March 2018

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

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

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

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