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New Zealand-based general insurer Tower has entered into a $22 million settlement agreement with Hong Kong's Peak Re regarding an adverse development cover policy entered in 2015. 1 March 2018
Insurance
Broker Jardine Lloyd Thompson Group (JLT) has acquired US-based trade credit and political risk broker International Risk Consultants (IRC) to further strengthen its US specialty business. 1 March 2018
Insurance
Bermuda registered a total of 58 new insurers in 2017, ranging from captives and long-term re/insurers to special purpose insurers (SPIs). 1 March 2018
Insurance
UK mutual reinsurer Pool Re has extended its retrocession programme cover to include material damage and direct business interruption (BI) caused by acts of terrorism using remote digital interference at renewal. 1 March 2018
Insurance
Property/casualty insurer Chubb has hired Benjamin Rowley as new senior underwriter financial lines for Chubb Global Markets. 28 February 2018
Insurance
Risk modelling and analytics firm RMS has appointed Adam Sandler as head of underwriting, cyber and model solutions. 28 February 2018
Insurance
UK insurer Admiral Group posted solid growth and a big increase in profits in 2017 as it also detailed some changes to its reinsurance programme. 28 February 2018
Insurance
The cyber insurance market has not developed as much as it should have in the past 20 years and remains “frustratingly immature”, Inga Beale, CEO of Lloyd’s, told delegates at the Organisation for Economic Cooperation and Development (OECD) conference in Paris last week. 28 February 2018
Insurance
AXA Insurance has partnered with UK-based start-up Brolly to provide a new car insurance product. 28 February 2018
Alternative Risk Transfer
Fomenting a reinsurance revolution isn’t easy. Everyone wants change, but what that means is as varied as the people calling for it. So, when there’s a sign of consensus, immediate action is always best, writes Tom Johansmeyer of PCS, Verisk Insurance Solutions. 28 February 2018
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