News
Insurance
The severe El Nino effect expected next year presents a challenge for re/insurers, according to Edward Lines, deputy head of underwriting and property D&F division head for Chaucer, and Uwe Fischer, general manager, Chaucer Latin America. 28 October 2015
Insurance
Mondelez, the US food company that owns the Oreo and Cadbury brands, is suing Zurich Insurance for refusing to pay out on a $100 million claim for damage caused by the NotPetya cyber attack in what is seen as the first major legal dispute over how companies recover the costs of a cyber-attack. 15 January 2019
Insurance
The German life insurance market is heavily under pressure in terms of profitability, but this represents a great opportunity to provide finality to portfolios by using run-off as a strategic tool, Robert Buchberger, managing director at Pro Germany, told Baden-Baden Today. 24 October 2018
Insurance
Specialty re/insurer Argo Group International Holdings is establishing a standalone underwriting business to pursue the growing construction sector. Jim Cornwell, senior vice president, will lead the new operation. 12 June 2018
Alternative Risk Transfer
The insurance industry is growing rapidly in Asia, and more capacity will be needed to keep up with demand. Alternative capital sources such as ILS will be vital to meet that demand, and in acquiring Lutece, Peak Re has positioned itself to lead this trend, says Peak Re’s Franz Josef Hahn. 12 May 2020
Insurance
Steadfast Group, Australia’s largest broking network, has appointed Adrian Humphreys as general manager – business development. 30 October 2014
Insurance
Hannover Re has expanded the premium volume in traditional property/casualty (P&C) reinsurance by 12.7 percent, according to a Feb. 7 press release. 7 February 2018
Insurance
Patriot National, a provider of technology and outsourcing solutions, has done a deal with Endurance Insurance that allows Patriot Underwriters, a subsidiary responsible for programme administration, to offer quotes on more than 700 general liability and property/marine classifications. 7 September 2015
News
Renaissance Re CEO Kevin O'Donnell said during the reinsurer’s second quarter 2018 earnings call that he sees “reasonable tailwind” for business. 26 July 2018
Insurance
David Burt, the Premier of Bermuda, has said he accepts responsibility for what appears to have been a case of human error when draft regulations were being edited that resulted in the country being blacklisted by the European Union this week in what he also admitted is a “setback” for Bermuda and would mean a “challenging period” for the domicile. 14 March 2019
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