News
Alternative Risk Transfer
Bermuda-based RenaissanceRe Holdings and Dutch pension fund manager PGGM are launching a new property catastrophe reinsurer called Vermeer Reinsurance to provide capacity focused on risk remote layers in the US property catastrophe market. 18 December 2018
News
Though cyber risk is a distinctly global threat, the cyber insurance markets in the US and the EU have developed in different directions both in terms of products and pricing. This has consequences for players that are eager to take advantage of the significant growth potential of this line of business, as Intelligent Insurer discovers. 18 December 2018
Insurance
Lloyd’s and six market syndicates will begin using Parsyl, a supply chain data startup, to better manage risk for temperature sensitive classes of business. 17 December 2018
Insurance
S&P Global Ratings has rewarded strategic changes made by AXIS Capital, which include reducing its exposure to legacy liabilities generated by the Novae Group, by revising its outlook on the company’s ratings to stable from negative. 13 December 2018
Insurance
Re/insurers can capitalise on a growing capital efficiency gap caused by the impact of climate change if they can educate buyers and develop products able to solve some of these challenges, according to Greg Lowe, global head of resilience and sustainability at Aon, in a new report called ‘Weather volatility and chronic climate risk: a growing capital efficiency gap.’ 13 December 2018
Alternative Risk Transfer
Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction. 10 December 2018
Alternative Risk Transfer
Markel CATCo Investment Management plans to increase the specific loss reserves held by the company related to the 2017 loss events namely hurricanes Harvey, Irma, Maria (HIM) and the California wildfires that year. 10 December 2018
Insurance
Interim solutions and contingency planning with respect to insurance claims are reducing some significant risks a "no-deal" Brexit would present to the European insurance sector, Fitch Ratings says in a new report. 10 December 2018
Insurance
Berkshire Hathaway Specialty Insurance Company (BHSI) has withdrawn from the Hong Kong employees’ compensation (EC) terrorism pool for policies starting or renewing on or after Dec. 1, 2018. 10 December 2018
Insurance
Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991, 3330 and 1110, is joining DTW’s panel of capacity providers, as one of its largest backers, from January 1, 2019. 10 December 2018
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