News
Insurance
The US National Flood Insurance Program (NFIP) has tested the transfer of flood risk to the private reinsurance sector, paving the way for a large-scale privatisation of US flood risk. While the potential business for reinsurers is significant, it is likely to be a long and complex process. 30 November 2016
Insurance
Strong investment results helped boost an otherwise tepid set of first quarter results for Alleghany Corporation, which owns TransRe, in which its profits dipped because of lower underwriting profits less reserve developments and the business also shrank slightly. 5 May 2017
Insurance
Allied World Europe has expanded its professional liability team with the addition of two new vice presidents (VP), Alec Goodair and Nicholas Lee, both from AIG. 1 August 2014
News
Benfield founder, Grahame Chilton, is to launch a new reinsurance intermediary with Arthur J. Gallagher. 5 December 2013
Alternative Risk Transfer
The participants of the insurance-linked securities (ILS) working group set up jointly by the London Market Group and The Treasury have been unveiled. 9 June 2015
Insurance
Munich Re has set a profit target in the range of €2.3–2.8 billion ($2.55-3.1 billion) for the current year. 16 March 2016
Alternative Risk Transfer
French reinsurer SCOR has launched a $150 million catastrophe bond in a bid to diversify its capital protection tools. 6 February 2015
Awards
York International, a subsidiary of York Risk Services Group and a part of York Specialised Loss Adjusting, has appointed Carlos Michel as senior adjuster. 23 July 2014
News
Gerry Tighe, head of treaty at broker Matrix, believes the recent deal that sees Guy Carpenter take a significant stake in the new venture called Carpenter Turner, which it will use develop business in Greece, Cyprus and adjacent countries, could become a template of things to come in the industry. 9 September 2013
Insurance
RFIB Group, a Lloyd’s re/insurance broker, has appointed Richard Dyke as operations manager of its non-marine international division. 9 July 2014
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