News

Insurance

The Hanover expects up to $76m nat cat costs in Q1

US-based property/casualty insurer The Hanover estimates the impact of catastrophe activity to be in the range of $66 million to $76 million before taxes in the first quarter of 2018.   17 April 2018

Insurance

Sompo benefits from lower nat cats overseas in 6M results

Japanese insurer Sompo benefitted from lower losses from natural catastrophes in North America in the six months ended Sept. 30, 2018 compared to the same period a year ago.   19 November 2018

Insurance

Liberty Specialty Markets appoints Jon Rigby as first chief cyber officer

Liberty Specialty Markets (LSM) has appointed Jon Rigby to the newly created role of chief cyber officer, based in London.   23 July 2019

Insurance

Zurich North America hires new chief claims officer from Allied World

Zurich North America has hired Allied World's Paul Lavelle as chief claims officer. He succeeds Steve Hatch, who retired earlier in August.   22 August 2018

Alternative Risk Transfer

Brit reveals new ILS platform for UK market

Specialty re/insurer Brit has unveiled a new multi-arrangement insurance special purpose vehicle to write general collateralised reinsurance for multiple cedants via Brit’s distribution network in the London market.   19 November 2018

Insurance

Fitch expects P&C rates to increase from HIM losses, other lines less certain

Hurricanes Harvey, Irma and Maria (HIM), along with earthquakes in Mexico and California wildfires could result in 2017 being a record year for insured cat losses, according to Fitch Ratings' 'European Reinsurance Dashboard - 3Q17 Results'.   16 November 2017

Insurance

AXA XL gains approval to move EU unit to Dublin from the UK

Re/insurer AXA XL has received authorisation from the Central Bank of Ireland (CBI) to move its principal EU insurance company, XL Insurance Company (XLICSE), from the UK to Dublin in response to Brexit uncertainty.   17 October 2018

Insurance

BMS swoops for Gallagher execs in Australia

Specialist re/insurance broker BMS Group has hired two senior leaders Stuart Davies and Samantha Ford in Australia.   8 November 2018

Insurance

Aon: reinsurance ‘resilient’ despite unprecedented nat cat losses in 2018, 2017

Reinsurance sector earnings have remained buoyant in the face of unprecedented natural catastrophe losses over the past two years, Aon’s Reinsurance Aggregate (ARA) report has found.   1 May 2019

Insurance

UK faces heightened risk from terrorism – Pool Re

‘AI-powered scoring system to predict or prioritise terrorism risk not feasible.’   12 November 2019

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