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Insurance
Windstorms Friederike, Eleanor and Carmen which hit Western and Central Europe in January are expected to cost European insurers more than $2 billion losses, according to Aon Benfield. 9 February 2018
Alternative Risk Transfer
The World Bank has issued its largest ever catastrophe bond covering earthquake, providing the organisation with $1.36 billion of capital markets protection. 7 February 2018
Insurance
Validus Specialty has launched a standalone cyber insurance product, focused on privacy and network protection coverage, to further expand its offering and meet a growing demand. 6 February 2018
Insurance
The Prudential Insurance Company of America (PICA) and UK-based Scottish Widows have agreed to their first-ever longevity reinsurance agreement. PICA has assumed the longevity risk for approximately $1.8 billion (£1.3 billion) of annuity liabilities held by Scottish Widows. 5 February 2018
Insurance
Canada-based Fairfax Financial Holdings has entered into an agreement to acquire certain assets and assume certain liabilities of Carillion’s Canadian operations, according to a Feb. 5 press release. 5 February 2018
Insurance
German industrial lines insurer HDI Global has unveiled plans to launch a new accident & health (A&H) department for the UK and Ireland. 5 February 2018
News
Reinsurance intermediary Aon Benfield UK has appointed Leonora Siccardi as chief operating officer, reporting to UK CEO Nick Frankland. This new role is in addition to her other executive responsibilities. 5 February 2018
Insurance
Reinsurance, wholesale and specialty broker Ed has appointed Marcus Taylor as head of reinsurance Asia Pacific. 5 February 2018
Insurance
Allianz has agreed to acquire Sri Lanka's Janashakthi General Insurance (JGIL) for 16.4 billion Sri Lankan rupees (€85.9 million), according to a Feb. 2 press release. 5 February 2018
Insurance
Lloyd’s CEO Inga Beale has warned about the dangers the market could face if it does not speed up the adoption of new technology. 5 February 2018
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