News

Alternative Risk Transfer

Duperreault wants to use more ILS to reduce AIG volatility

American International Group (AIG) CEO Brian Duperreault is in the process of reducing volatility of the company’s portfolio and insurance-linked securities (ILS) capabilities acquired through the Validus takeover are expected to help to reach this goal.   6 September 2018

Insurance

Sompo launches global financial and professional lines platform

Bermuda-based re/insurer Sompo International Holdings is launching a global financial and professional lines platform encompassing insurance and reinsurance capabilities.   6 September 2018

Insurance

Everest taps former Guy Carp insurtech, innovation leader for global role

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has hired former Guy Carpenter head of innovation and product development Don Mango.   6 September 2018

Insurance

Wildfires sweep through California’s vineyards

Wildfires swept through Northern California’s world-famous wine country, destroying homes and businesses, Reuters reported on Oct. 9.   10 October 2017

article

Reinsurer capital hikes to record level

Global reinsurer capital has hiked up 6 percent, reaching a record level of $570 billion at June 30, 2014.   9 September 2014

Insurance

ProAssurance shuffles leadership roles as Friedman retires

Specialty insurance company ProAssurance Corporation has unveiled leadership changes following the retirement of Howard Friedman, president of healthcare professional liability.   22 February 2019

Insurance

AXA XL partners with AI specialist Expert System on property risk engineering risks

AXA XL Risk Consulting has partnered with Expert System, a specialist in the use of artificial intelligence (AI), to help its underwriters make better decisions to when assessing property risk engineering risks.   10 January 2019

Insurance

SoftBank seeks Swiss Re board seats: report

Japanese conglomerate SoftBank is seeking to join Swiss Re’s board as it negotiates the acquisition of a minority stake in the reinsurer, according to a Feb. 18 Financial Times report.   19 February 2018

Insurance

Allianz acquires stake in Africa Re

Germany-based Allianz Group has signed an agreement to acquire 8 percent in African Reinsurance Corporation (Africa Re) for a total amount of $81 million.   30 May 2018

Insurance

White Mountains in potential $438m share buyback

White Mountains Insurance Group is launching a "modified Dutch auction" self-tender offer to purchase 500,000 of its common shares at a purchase price of not greater than $875 or less than $825 per share, net to the seller in cash.   10 April 2018

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