News
Insurance
XL Group’s reported preliminary third-quarter catastrophe loss estimate of $1.48 billion alleviates recent investor concerns about an outsized loss from XL and any concerns about capital raise needs, according to an Oct. 11 Morgan Stanley analyst note. 13 October 2017
Insurance
A new disaster aid package includes a provision to forgive $16 billion in debt held by the National Flood Insurance Program (NFIP), but lobby group SmarterSafer warns that the bill fails to incorporate critical reforms that put the programme on a sustainable path. 13 October 2017
Reinsurance
ANALYSIS: Greenlight Re boss heralds new chapter despite more losses and criticism of business model
Losses at Greenlight Capital Re burgeoned in the second quarter of 2016 amid wider criticism of hedge fund reinsurers’ business models. But the company believes that it has now taken appropriate action to leave its problems behind. 3 August 2016
Alternative Risk Transfer
Re/insurer XL Catlin has announced that it is extending its structured risk solutions underwriting capabilities to the US with the addition of Aiden Joo as senior underwriter in New York. 5 June 2017
Insurance
US-based Ryan Specialty Group (RSG) has appointed Kathy Burns as senior vice president, chief digital officer, based in Chicago. 5 May 2017
Insurance
Specialist insurer Hiscox said Aug. 18 that it is including drone cover and optional personal cyber insurance to its home insurance product in the UK and Ireland. 18 August 2017
Insurance
The first quarter of 2015 was the busiest quarter in catastrophe bond market history, exceeding 2012’s record of $1.3 billion. 9 April 2015
Insurance
The Latin American insurance sector shrank by 3.7 percent year-on-year in 2016 following the depreciation of most of the region’s currencies, according to the latest annual study on the Latin American insurance market. 27 June 2017
Insurance
Reinsurance broker and consultant JLT Re (North America) has appointed Tony Sammur as executive vice president in Stamford, Connecticut. 31 May 2017
Insurance
Ryan Specialty Group (RSG) has promoted Dawn D’Onofrio to chief executive officer and president of its managing general agency WKFC Underwriting Managers and CorRisk Solutions. 26 June 2017
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