News
Insurance
The UK government has revealed a draft publication of the regulatory framework for the trading of insurance-linked securities (ILS) in the UK which will allow London to compete with reinsurance hubs like Bermuda. 24 November 2016
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
UK insurtech firm iXledger has launched a blockchain insurance product in partnership with a London-based broker operating in the international specialty insurance markets. 16 July 2018
Insurance
Insurance broker Brown & Brown has acquired the assets of Coffman-Standridge CSI Insurance, an Arkansas-based provider of property and casualty insurance products. 16 July 2018
Insurance
AXIS Capital posted a small profit in 2018 but company president and CEO Albert Benchimol admitted that results in the fourth quarter specifically were “unsatisfactory” as they were hit hard by property and catastrophe losses. 31 January 2019
Insurance
Losses due to wind from winter storm Friederike will range between €1.3 billion and €2.6 billion, according to catastrophe modelling firm AIR Worldwide. 26 January 2018
Insurance
Arch Capital Group unit Arch Credit Risk Services entered into a multi-year agreement with Munich Re to provide mortgage credit assessment and underwriting advisory services related to Munich Re’s involvement in credit risk transfer programmes offered by Fannie Mae and Freddie Mac. 24 April 2018
News
RenaissanceRe’s gross written premiums jumped by nearly 20 percent in 2018 – but its profits dipped mainly on the back of high levels of claims from the record-breaking wildfires in California for a second consecutive year. 30 January 2019
Insurance
Tokio Marine Group revised downward its 2017 full-year profit expectations due to higher loss estimates for natural catastrophes in the domestic and overseas non-life insurance business. 24 November 2017
Insurance
Castel Underwriting Agencies, an MGA formation platform that supports individual underwriters with smaller books of niche business, has expanded its Castel Specialty portfolio with the addition of a political risk book. 21 May 2018
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