News

Insurance

Former Novae CFO joins AIG unit as head of reinsurance

American International Group (AIG) has appointed Charles Fry as head of reinsurance, operations and transformation, general insurance.   3 October 2017

Insurance

Typhoon Jebi expected to cost up to $5.5bn: RMS

Risk modelling firm RMS has estimated that the insured loss for Japan from Typhoon Jebi will be between $3 billion and $5.5billion (¥340 to ¥620billion).   17 September 2018

Insurance

Hurricane Florence floods devastate North Carolina

Hurricane Florence drenched North Carolina with more downpours on Sunday, Sept. 16, damaging tens of thousands of homes and threatening worse flooding as rivers fill to the bursting point, Reuters reported on Sept. 16.   17 September 2018

Alternative Risk Transfer

Horseshoe appoints new London head from MS Amlin for ILS boost

Bermuda-based Horseshoe Group has appointed Jean-Bernard Crozet as senior vice president – advisory services and head of London office.   9 July 2018

Insurance

TigerRisk hires Swiss Re exec to head reinsurance unit

Reinsurance broking and risk/capital management firm TigerRisk Partners has appointed Seth Ruff as partner and head of reinsurance solutions.   10 October 2017

Insurance

JLT sees no consistent pattern for rates

While most classes of reinsurance and specialty lines have seen a moderation or end to price reductions, there is not a consistent pattern, with increases generally limited to areas and sectors where heavy losses had occurred last year, broker JLT said in a May 1 trading statement.   1 May 2018

Insurance

ArgoGlobal makes key casualty hires from Chaucer and QBE

ArgoGlobal, a Lloyd’s insurer and member of Argo Group, has bolstered its casualty division with senior hires from Chaucer Syndicates and QBE.   15 March 2018

Insurance

Fidelis Group hires Starr exec to expand marine portfolio

Louisiana-headquartered Fidelis Group Holdings (FGH) has hired Lynn Blaine to the position of assistant vice president.   14 June 2017

Insurance

Florence losses likely to be largely retained by insurers: Moody’s

Losses from Hurricane Florence will be largely retained by property/casualty insurers only “dampening” their third quarter earnings. Only reinsurers and ILS funds with low attachment points may find themselves subject to claims, according to a report by Moody’s, which also predicted no cat bonds would be triggered.   17 September 2018

Insurance

Moody’s probes solvency regime transparency in China and Japan

Analysis of the solvency regimes in China and Japan suggests that both countries will benefit from developments that make them more transparent, a report from Moody’s has said.   25 April 2019

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