News

Insurance

COVID-19 is a black swan event for marine insurers—but they will ultimately benefit

Marine insurance can no longer hold its course as it struggles to navigate the consequences of a global pandemic. But could the current global catastrophe also present an opening to sail out of the doldrums? A Re/insurance Lounge panel discussed the issue.   18 January 2021

Insurance

JLT hires Aon Risk Solutions exec

JLT Specialty Insurance Services, a US subsidiary of Jardine Lloyd Thompson Group (JLT), has appointed Robert Benvenuto as executive vice president (EVP).   2 July 2015

Insurance

Fairfax to buy Brit for £1.22bn

Financial services company Fairfax has agreed to buy re/insurer Brit for £1.22 billion.   17 February 2015

Insurance

Liberty confirms Luxembourg as post-Brexit European hub

Liberty Specialty Markets (LSM), part of the Liberty Mutual Insurance Group, has officially announced that it intends to headquarter its post-Brexit EU operations in Luxembourg.   4 July 2017

Insurance

Insured catastrophe losses at $19bn in H1 2019; Swiss Re highlights protection gap in emerging countries

Insured losses from global catastrophe events were estimated at $19 billion in the first half of 2019, mainly driven by secondary perils such as thunderstorms and flooding events, according to the new Swiss Re sigma report.   15 August 2019

Insurance

XL Catlin appoints China CEO from Guy Carpenter

Re/insurer XL Catlin has appointed Phil Xue as chief executive officer of XL Insurance China.   12 February 2018

Insurance

'Cyber risk is now a mainstream risk,' says Allianz as it launches new strategy

Allianz Group is launched a new strategy to address cyber risks in commercial, corporate, and specialty insurance policies of its property & casualty (P&C) companies, and has established a new center of competence to lead the initiative.   5 July 2019

Insurance

BHSI appoints new UK & Europe leader; taps QBE CUO for Australasia

Berkshire Hathaway Specialty Insurance (BHSI) has hired Mark Lingafelter, most recently chief underwriting officer (CUO) Asia Pacific for QBE Insurance, to lead its business in Australasia as president.   4 June 2018

Insurance

CCRIF SPC and World Bank issue ‘pioneering’ parametric fisheries insurance to Grenada and Saint Lucia

A parametric fisheries insurance policy for Carribean governments, described as “pioneering” by the issuing body, has been taken up by the authorities of Grenada and Saint Lucia.   5 July 2019

Insurance

Maiden sells US casualty fac business to Sompo

Bermuda-based Maiden Holdings as agreed to sell its US facultative business including its team of specialists to Japan-based Sompo Group.   10 October 2018

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