News
Insurance
Bermuda-based Randall & Quilter (R&Q) Investment Holdings has revealed a corporate restructuring to create a new division comprising of its US and European programme management businesses. 7 September 2018
Alternative Risk Transfer
The catastrophe bond limit on-risk has reached $30 billion during the 12 months to June 30, 2018 – an increase of $4.2 billion from the prior year period, and a new record for the sector, Aon noted in the report titled 'Alternative Capital Fortifies Its Position'. 7 September 2018
Insurance
California’s Carr and Mendocino complex fires’ claims top $845 million and are now counted among the most destructive wildfires in the state's history, according to California’s Insurance Commissioner Dave Jones. 7 September 2018
Insurance
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” of Spain-based Mapfre Re. Mapfre Re is a subsidiary of Mapfre, the non-operating holding company of the Mapfre group. 7 September 2018
Insurance
Japan's northern island of Hokkaido has been hit by a powerful earthquake just after a deadly typhoon lashed the west of Japan over the past few days, according to a Sept. 6 BBC News report. 7 September 2018
Insurance
Recent natural catastrophes are likely to have only limited impact on reinsurers as the bulk of the losses will be borne by primary insurers, according to S&P Global Ratings. 6 September 2018
Insurance
Broker Aon’s reinsurance solutions business has launched its public private enterprise (PPE) specialty practice to address the global insurance protection gap. 6 September 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Ronan Gerety as general manager of insurance in Germany. He will be based in Cologne. 6 September 2018
Insurance
Specialty managing general agent (MGA) Nexus Group has completed the acquisition of Huntington Underwriting (HUL), a structured solutions underwriting manager operating out of Labuan International Business and Financial Centre, Malaysia. 6 September 2018
Insurance
Specialist insurer Tokio Marine Kiln (TMK) has launched an 'on demand' aviation insurance product for manned aircraft which it claims to be the first in the market. 6 September 2018
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