News

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

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

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

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

Insurance

Swiss Re appoints UK/Ireland corporate solutions head from Zurich

Swiss Re’s unit corporate solutions has appointed Jake Algar as head UK & Ireland, effective May 1, 2018 as the company expand the business.   1 May 2018

News

IAG again expands cat coverage by A$1bn at ‘flat’ renewal rates

Insurance Australia Group (IAG), which buys one of the biggest catastrophe reinsurance programmes in the world, has again increased the size of its programme to buy some A$9 billion ($6.3 billion) of coverage for 2019 - A$1 billion more than the year before.   3 January 2019

Insurance

Aspen’s Postlewhite receives £852K on departure

Former Aspen Insurance CEO Stephen Postlewhite has been awarded £852,256 as part of his termination package.   14 May 2018

Insurance

AIG’s Duperreault highlights 2018 loss reduction and forecasts growth

Efforts to rectify issues in AIG’s core underwriting capabilities appear to be paying off as losses reduce year on year in its 2018 results, with Brian Duperreault, AIG’s president and chief executive officer, predicting the firm will “accelerate our progress in 2019”.   14 February 2019

Insurance

Tokio Marine specialty unit reveals new CEO replacing Williams

Specialist insurer Tokio Marine HCC has appointed Susan Rivera as its next chief executive officer effective Sept. 1, replacing current CEO Christopher Williams.   27 July 2018

Insurance

Argo enjoys strong growth in 2018 despite challenging market

Bermuda specialty re/insurer Argo Group enjoyed strong growth and better profits in 2018 by “optimising its portfolio” and growing in lines with most “profit potential” according to its CEO.   12 February 2019

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