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Insurance
Liberty Specialty Markets (LSM) will form a $27 billion consortium with the Channel Syndicate and Canopius to provide capacity for its new trade finance insurance initiative Toredo. 6 March 2018
Alternative Risk Transfer
Brazilian reinsurer Terra Brasis Resseguros has renewed a cat bond that provides it with protection against certain types of property-catastrophe risk in Latin America on an indemnity basis. 6 March 2018
Insurance
Willis Towers Watson has appointed Alexis Faber as chief operating officer within its corporate risk and broking segment. She will transition from her current role as global head of financial lines. 6 March 2018
Insurance
JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group, has launched a new cyber insurance policy for the airline industry covering business interruption and data breach risks. 6 March 2018
Insurance
Munich Re has appointed Jill Beggs, senior vice president and head of new strategic markets at Munich Reinsurance America, to its US property and casualty executive board. 6 March 2018
Insurance
Automation has arrived in the insurance market and will revolutionize many roles, especially that of the underwriter. But companies must develop a long-term strategy designed to embrace automation rather than just seek short-term wins. 6 March 2018
Insurance
The insured property market losses from extratropical cyclone Zeus, which primarily affected France on 6 and 7 March 2017, has reached €272 million, according to Zurich-based catastrophe insurance data provider PERILS. 6 March 2018
Insurance
AXA’s business mix will fundamentally change once its acquisition of XL Group is completed. Property/casualty (P&C) business will represent half its book of business as it diversifies away from being mainly a life & savings insurer. 5 March 2018
Insurance
XL Group hopes that being owned by AXA will help open up new markets for its specialty products, Gregory Hendrick, XL president, property & casualty, said on a March 5 presentation on the deal. 5 March 2018
Insurance
One of AXA’s many motives in buying XL Group is the reinsurance portfolio it comes with, which will offer further diversification, and also the access to the capital markets that now comes hand in hand with this. 5 March 2018
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