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Insurance
JLT Re has appointed Ariel Hernandez as senior vice president in Miami. Hernandez joins from the Chaucer Syndicates of The Hanover Insurance Group, where he was a treaty underwriter. 5 March 2018
Alternative Risk Transfer
The Federal Emergency Management Administration (FEMA) will launch a cat bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through Flood Smart Re, a Bermuda-domiciled insurance vehicle. 18 July 2018
Insurance
American International Group (AIG) could potentially free up between $2 and $5 billion capital through the legacy portfolio transferred to DSA Re, a wholly-owned Bermuda-based reinsurer formed in February, 2018, according to Morgan Stanley research. 18 July 2018
Insurance
A flurry of wildfires torched more than 65,000 acres in Southern California and are likely to have destroyed hundreds of buildings, according to news reports. 6 December 2017
Insurance
General Electric (GE) is working with investment bankers to find ways to shed its insurance business, Reuters reported on May 22 citing “people familiar with the matter”. 24 May 2018
Insurance
Specialty re/insurer Canopius has appointed Stephan Ott as its new head for Continental Europe, reinsurance. 24 May 2018
Insurance
Bermuda-Based specialty lines re/insurer AXIS Capital Holdings has appointed James Martin and Russ Madore as vice presidents of US programs, within its property/casualty team. 16 May 2017
Insurance
Talanx grew premium income by 8.3 percent year on year to €10.6 billion in the first quarter of 2018 as the group expands outside Germany. 11 May 2018
Insurance
Chicago-based insurtech company FIGO Pet Insurance has secured a $4 million investment from private equity firm HCS Capital Partners. 16 March 2018
News
Korean Reinsurance Company is set to establish a subsidiary in Switzerland, according to AM Best’s Jan. 16 Asia-Pacific newsletter. 16 January 2018
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