News
Insurance
There is a growing appetite in some Latin American markets for personal accident coverage, an insurance policy that pays out if an individual dies suddenly or is critically injured and unable to work, according to Philippe François, global head of business development, AXA Life and Health Reinsurance. 15 November 2017
Insurance
Bermuda-based Catalina Holdings has closed a $700 million equity capital raise from Apollo, allowing for “much larger transactions” and making Apollo the majority shareholder. 11 October 2018
Alternative Risk Transfer
Insurance-linked securities (ILS) investors are reloaded and ready for the 1 June 2018 Florida renewals after significant losses in the second half of 2017 which saw record natural catastrophes from hurricanes, earthquakes, and wildfires in North America, according to the latest ILS Market Update by Willis Towers Watson Securities. 27 April 2018
Insurance
US-based Allstate Insurance Company is seeking to hire 600 executives to fill positions throughout its US Northwest region, including Washington, Oregon, Idaho, Alaska and Hawaii. 15 January 2018
News
Swiss Re has estimated its preliminary combined claims burden from recent natural catastrophes booked in the fourth quarter of 2018 at approximately $1.0 billion, net of retrocession and before tax, mainly affecting the reinsurance operations. 15 January 2019
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
Nearly half of manufacturers have been the victim of cyber-crime, and a quarter has suffered some financial loss or disruption to business as a result, according to a new report. 24 April 2018
Alternative Risk Transfer
Three experienced ILS executives including one of the founders of Hiscox-owned Kiskadee Investment Managers and a former managing director of RenRe-owned DaVinci Reinsurance have formed a new hedge fund-backed ILS venture, according to a May 16 Reuters report. 17 May 2018
Alternative Risk Transfer
Bermuda-based AXA XL's reinsurance operation has completed the acquisition of all third party ownership interests in New Ocean Capital Management, its majority-owned asset management affiliate. 20 November 2018
Insurance
Technology-driven risk solutions provider Sedgwick has appointed Ian Muress, Stewart Steel and Paul White to leadership roles for its combined business operations in the UK. 23 April 2018
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