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Alternative Risk Transfer
Recent major loss events—Atlantic hurricanes Harvey, Irma and Maria, along with the Mexican earthquakes—represent the first big test for the alternative capital sector, Mike Van Slooten, head of market analytics at Aon Benfield, told Baden-Baden Today. 24 October 2017
Insurance
Zurich Insurance Group has announced that Michel Liès will succeed Tom de Swaan as new chairman of its board. Swaan has been a member of Zurich’s board since 2006 and chairman since 2013. 6 July 2017
Insurance
Chubb Global Markets, the London-based wholesale insurance division of Chubb, has promoted Dominique Largeron to the position of delegated underwriting authorities manager. 8 June 2017
Insurance
White Mountains has posted a jump in its third-quarter results, driven by the sale of specialty insurer OneBeacon. 9 November 2017
Insurance
US re/insurance broker Brown & Brown reported a 12.9 percent increase in net income for the first quarter of 2017, boosted by a legal settlement with AssuredPartners. 18 April 2017
Insurance
ACR Capital Holdings has received regulatory approval by the National Development and Reform Commission of the People’s Republic of China for its sale to Shenzhen Qianhai Financial Holdings (QFH) and Shenzhen Investment Holdings (SIHC). 2 May 2017
Insurance
Prague headquartered VIG Re aims to strengthen its underwriting activities in Germany and to enter additional countries mainly in continental Europe, according to the company’s 2016 annual report. 1 June 2017
Insurance
The implementation of the new accounting standard IFRS 17 may cost between £1bn – £2bn in the UK, said Nic Nicandrou, chief financial officer of Prudential. 1 June 2017
Insurance
Private reinsurers should be far more exposed to a Hurricane Irma loss event than the primary insurers, according to a Sept. 5 Credit Suisse equity research note. 6 September 2017
Insurance
Bermuda-based Assured Guaranty has announced its plan to combine the portfolios and operations of its four international financial guaranty insurance companies. 27 June 2017
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