News

Insurance

Hyperion group CFO departs; interim successor revealed

The group chief financial officer (CFO) of Hyperion Insurance Group, Oliver Corbett, is leaving the company at the end of December.   10 December 2018

Insurance

Everest poaches CUO from Travelers in Canada

Everest Re Group has appointed Kevin Pinto as new chief underwriting officer (CUO) of Everest Insurance Company of Canada (EvCan).   10 December 2018

Insurance

Munich Re, White Mountains-backed insurtech Buzzvault launches in London

Insurtech home insurer Buzzvault, which is backed by White Mountains Insurance Group and reinsurer Munich Re, has opened for business in London.   10 December 2018

Insurance

Draycott to replace Hearn as Ed CEO

Reinsurance, wholesale and specialty broker Ed has appointed Andrew Draycott as CEO-designate of Ed Broking in London.   10 December 2018

Alternative Risk Transfer

Peak Re unveils first Asian reinsurance sidecar

Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction.   10 December 2018

Alternative Risk Transfer

Markel CATCo raises loss reserves for 2017 cat events

Markel CATCo Investment Management plans to increase the specific loss reserves held by the company related to the 2017 loss events namely hurricanes Harvey, Irma, Maria (HIM) and the California wildfires that year.   10 December 2018

Insurance

Coverys provides capacity for DTW Syndicate 1991

Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991, 3330 and 1110, is joining DTW’s panel of capacity providers, as one of its largest backers, from January 1, 2019.   10 December 2018

Alternative Risk Transfer

Markel reveals investigation into CATCo loss reserves

Markel Corporation has confirmed that it is fully cooperating with inquiries by US and Bermuda authorities into loss reserves recorded in late 2017 and early 2018 at Markel CATCo Investment Management and its subsidiaries.   7 December 2018

Insurance

Enstar invests $200m in AmTrust parent company

Bermuda-based Enstar has completed an investment of $200 million in Evergreen Parent, the entity that has been used to take AmTrust Financial Services private and holds its equity.   7 December 2018

Insurance

California wildfires may no longer be ‘secondary peril’

As the US wildfire costs exceed $10 billion in 2018 for the second year running, wildfires may no longer be a secondary peril, Steve Bowen, Impact Forecasting director and meteorologist at Aon, has suggested.   7 December 2018

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