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A report by Willis suggested higher rates on catastrophe business could trigger cedants to explore alterative options. Will a lack of capacity in the retro market drive demand for industry loss warranties? Intelligent Insurer investigates. 5 April 2012
Alternative Risk Transfer
Brazilian reinsurer Terra Brasis Resseguros has renewed a cat bond that provides it with protection against certain types of property-catastrophe risk in Latin America on an indemnity basis. 6 March 2018
Insurance
Coverys Syndicate 1975 has received approval from Lloyd’s to begin underwriting business with effect from Jan. 1, 2018. 19 December 2017
Insurance
Bermuda-based specialty re/insurer Argo Group International Holdings has extended the contract with its executive vice president and chief financial officer Jay Bullock until April 25, 2023. 30 April 2019
Alternative Risk Transfer
The African Risk Capacity (ARC) agency has launched the first ever African catastrophe insurance pool. The deal is underpinned by $55 million of index-based reinsurance capacity from the international weather risk markets secured by Willis. 15 May 2014
Insurance
Growth includes entering the surety market in Australia. 26 November 2019
Insurance
Bermuda-based Validus Holdings priced an underwritten public offering of 10 million depositary shares worth $250 million. 13 June 2017
Insurance
AXA XL Risk Consulting has partnered with Expert System, a specialist in the use of artificial intelligence (AI), to help its underwriters make better decisions to when assessing property risk engineering risks. 10 January 2019
Insurance
The London Market Group (LMG) has appointed Andrew Horton, CEO of Beazley as its new chair with effect from May 4, 2018. 9 April 2018
Insurance
The Ethiopian Airlines crash on the 10 March 2019, and the subsequent worldwide grounding of the Boeing 737 Max fleet, “could cost aviation insurers over $1bn combined”, the broker AJ Gallagher has estimated. 16 July 2019
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