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Insurance
Extratropical cyclone “Burglind”, also known as “Eleanor” caused insurers property losses of €643 million, according to estimates by insurance data provider PERILS. 13 February 2018
Alternative Risk Transfer
The World Bank has issued its largest ever catastrophe bond covering earthquake, providing the organisation with $1.36 billion of capital markets protection. 7 February 2018
Insurance
Bermuda-based insurance holding company White Mountains is seeking opportunities to deploy excess capital. 7 February 2018
Insurance
Everest Re Group has recruited the head of Aspen Insurance’s credit and political risk business. 7 February 2018
Insurance
Specialty re/insurer Brit has hired Christopher Ballantyne to join its claims team in the newly created role of vice president of delegated claim authority. 7 February 2018
Insurance
Aspen Insurance's chief executive officer Stephen Postlewhite is leaving the business with immediate effect, according to a Jan. 26 press release. 29 January 2018
Insurance
The private US property/casualty (P&C) insurance industry saw its net income after taxes decline 30.3 percent year on year to $22.4 billion in the first nine months of 2017, according to data provider ISO and the Property Casualty Insurers Association of America (PCI). 29 January 2018
Insurance
Lloyd's underwriting syndicate Probitas 1492 has opened a regional office in Mexico City to serve the Latin American markets. 29 January 2018
Alternative Risk Transfer
PGGM, the Dutch pension fund manager overseeing assets of nearly €200 billion ($248 billion), is looking to increase its allocation to insurance-linked securities (ILS), according to a Jan. 26 Reuters report. 29 January 2018
Insurance
Blockchain technology could reduce re/insurer’s administrative costs by up to 30 percent by making transactions faster and more efficient, according to Ken Marke, director for strategy and business development at Ageas Group and chief marketing officer of B3i. 29 January 2018
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