News
Insurance
Specialty re/insurer Brit has completed the fifth annual renewal and expansion of its Bermuda domiciled special purpose insurer Versutus. 25 February 2019
Insurance
Boeing has admitted that a failure in its Mcas anti stall system was a factor in the crash of two 737 Max planes as the aircraft manufacturer's CEO said “it’s our responsibility to eliminate this risk”. 5 April 2019
Insurance
The short-term future of the Boeing 737 Max is in limbo after the US regulator found an additional issue with flight software that it has asked the manufacturer to address. 28 June 2019
Insurance
APRA to impose an upfront capital requirement on all individual DII providers. 2 December 2019
Insurance
US broker Relation Insurance Services has hired former Swiss Re executive Chris McKechnie as CFO and ex-Waller Helms managing director Tim Hall as head of M&A as it targets growth both organically and through accretive acquisitions. 2 May 2019
Alternative Risk Transfer
Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction. 10 December 2018
Insurance
According to a new report by Fitch Ratings, the excess and surplus (E&S) lines market in the US grew 15 percent in the first half of 2019 - a trend it says will continue in the near future. 30 September 2019
Insurance
Gen Re, a property/casualty and life/health reinsurer, and subsidiary of Berkshire Hathaway, has created a critical illness (CI) insurance start-up package for life and health insurance carriers in North America trying to enter the market. 21 July 2016
Insurance
The Hartford has completed a $1.5 billion excess-of-loss reinsurance deal with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway, which covers its asbestos and environmental liability exposures. 4 January 2017
Insurance
Insurance Australia Group (IAG) has revealed that its group general counsel and company secretary Chris Bertuch has decided to leave the company, effective Sept. 30. 10 July 2018
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