News
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Markus Hefel as deputy country manager for Switzerland. 12 October 2018
Insurance
Bermuda-based Catalina Holdings has closed a $700 million equity capital raise from Apollo, allowing for “much larger transactions” and making Apollo the majority shareholder. 11 October 2018
Insurance
In the event that the UK leaves the EU with no transition or implementation period before Lloyd’s transfers the European Economic Area (EEA) business to its Brussels subsidiary, Lloyd’s underwriters will continue to honour their contractual commitments including the payment of valid claims, according to a corporate statement. 11 October 2018
Insurance
Hurricane Michael made landfall as a Category 4 hurricane along the Florida Panhandle coast yesterday (Oct. 10) and is expected to have caused damage from wind and storm surge in the range of $2 billion to $4.5 billion, according to CoreLogic estimates. 11 October 2018
Alternative Risk Transfer
Specialist insurer Hiscox has appointed Liz Breeze as the new chief financial officer (CFO) of its reinsurance and alternative capital business Hiscox Re & ILS, based in Bermuda. 11 October 2018
Insurance
Reinsurers are likely to bear the brunt of the losses caused by hurricane Michael, KBW's Meyer Shields suggested in a research note. 11 October 2018
Insurance
Specialist independent Lloyd’s broker and delegated authority specialist SSL Endeavour Group, which have recently merged under private investment firm JC Flowers, is expanding its property team with new hires from Aon and Bell & Clements. 11 October 2018
Insurance
Brokerslink has expanded its global broker network with the addition of eight new independent brokers from Africa, extending its presence to 21 countries across the continent. 11 October 2018
Insurance
CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has made its first payout to Barbados on its excess rainfall policy in the 2018/19 policy year. 11 October 2018
News
Swiss Re believes it can insulate itself from downwards pressure on rates in the reinsurance market by offering clients value-added services such as data, technology and expertise, head of reinsurance Moses Ojeisekhoba, told Intelligent Insurer. 8 October 2018
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