News
Insurance
Japanese conglomerate SoftBank is expected not to acquire more than a 10 percent share of Swiss Re’s share capital and therefore will not become the anchor shareholder Swiss Re would like to have, CEO Christian Mumenthaler said in an April 4 press conference. 4 April 2018
Insurance
IAT Insurance Group has agreed to acquire IFIC Surety Group which includes International Fidelity Insurance Company and its subsidiary Allegheny Casualty Company. 4 April 2018
Alternative Risk Transfer
Insurers and reinsurers sponsored approximately $3.1 billion in catastrophe bonds in the first quarter of 2018, up 34 percent from the first quarter of 2017, according to data analytics provider PCS. 4 April 2018
Insurance
Property/casualty insurer Chubb reported preliminary first quarter 2018 net loss estimates attributable to natural catastrophes of $380 million pre-tax, or $305 million after tax. 4 April 2018
Insurance
Global insured catastrophe losses are estimated at between $5 billion and $10 billion, well below the historical average of $14 billion, according to Morgan Stanley analysts. 4 April 2018
Insurance
V3 Insurance Partners, a specialty insurance programme administrator, has appointed its chief operating officer Brian Janitschke as president, replacing outgoing president and CEO Susan Rivera. 4 April 2018
Insurance
The Lloyd’s Market Association (LMA) has appointed David Croom-Johnson, managing director of Aegis Managing Agency, to its board. 3 April 2018
Insurance
Castel Specialty, a division of MGA formation platform Castel Underwriting Agencies, has added a global property facultative reinsurance offering to its portfolio while appointing a senior executive from Pen Underwriting. 3 April 2018
Insurance
Specialist insurer Markel International has appointed David Crozier to be president of its Canada business that includes offices in Toronto, Montreal, Calgary and Vancouver. 27 March 2018
Insurance
Berkshire Hathaway Specialty Insurance (BHSI) has opened a new office in Perth to further expand its presence in Australia while appointing new property and casualty lines leaders. 26 March 2018
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