News
Insurance
Washington is following New York in banning the sale of insurance policies branded by the National Rifle Association (NRA) while fining two companies involved in underwriting and selling them in the state. 17 January 2019
Insurance
Liberty Mutual Re, the reinsurance unit of Liberty Mutual Insurance Group, has appointed Vincent Gilardi as senior underwriter for international casualty. 17 January 2019
Insurance
Specialist reinsurer Hiscox Re and Japanese insurance group MS&AD have invested in insurtech startup AkinovA, an electronic marketplace for the transfer and trading of re/insurance risks. 16 January 2019
Alternative Risk Transfer
The outlook for the non-life reinsurance sector is improving as prices are expected to rebound in 2019 following the sector’s second consecutive year of above-average losses. 15 January 2019
Insurance
French insurer AXA plans to move its international risk and reinsurance operations from the UK to Ireland in preparation for Brexit, according to a Jan. 10 Reuters report. 11 January 2019
Alternative Risk Transfer
Global reinsurance capital decreased in the third quarter of last year though the mix of capital available changed within this with alternative capital supplying a higher percentage of what was available to insurers, according to a report by Aon. 11 January 2019
Insurance
Bermuda-based re/insurer Arch Capital Group has estimated pre-tax losses of $110 million to $130 million related to 2018 fourth quarter catastrophic events, primarily due to Hurricane Michael and the California wildfires. 11 January 2019
Insurance
Specialty insurer Beazley has partnered with Hong Kong-based coverholder Pegasus Underwriting (PUL) to expand its financial lines offering in Asia. 11 January 2019
Alternative Risk Transfer
Pacific Investment Management Company (PIMCO), the asset management company owned by Allianz, has recruited Rick Pagnani, the former chief executive of Everest Re’s sidecar Mt. Logan Re, as head of its ILS business. 11 January 2019
Insurance
Stonybrook Capital, the investment bank focused on the insurance industry, has strengthened its executive team with two hires, one from JLT Capital Markets, and one promotion. 11 January 2019
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