News
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher has acquired a majority interest in Zurich, Switzerland-based Hesse & Partner and Hesse Consulting GmbH. 12 June 2018
Insurance
Specialist reinsurance broker Capsicum Re has launched a new New York cyber hub, led by Patrick Bousfield who has been promoted to executive director. 4 June 2018
News
Many re/insurers understand the value and potential of data but leveraging its full potential requires a systematic approach designed to achieve very specific outcomes, says Meghan Anzelc, chief analytics officer, AXIS Capital. 16 May 2018
Insurance
The Lloyd’s Corporation has decided to direct underwriters in the market to terminate any existing programmes involving the National Rifle Association of America (NRA). 9 May 2018
Insurance
Munich Re has benefitted from low major losses in the first quarter of 2018, lifting its net profit to €827 million from €557 million in the first quarter of 2017. 8 May 2018
Insurance
The New York State Department of Financial Services (DFS) has fined Chubb and Lockton a combined $8.3 million for underwriting an NRA- (National Rifle Association) branded insurance programme. 8 May 2018
Insurance
Hannover Re has boosted gross premium by 17.6 percent year on year to €5.3 billion, an increase of 27.5 percent adjusted for exchange rate effects. 8 May 2018
Insurance
Warren Buffett said he doesn’t want Berkshire Hathaway being a leader on cyber insurance because neither he nor others in the industry really know the risk, according to a May 5 Bloomberg News report. 8 May 2018
Insurance
Bermuda-based property and casualty re/insurer Sompo International Holdings (SIH) has completed the integration of Sompo Japan Nipponkoa Insurance Company of Europe (SJNKE) on May 1 with SJNKE becoming a wholly-owned subsidiary of SIH. 8 May 2018
Alternative Risk Transfer
Bermuda-based specialist insurer Hiscox has grown gross written premiums by 24.3 percent year on year to $1.16 billion in the first quarter of 2018 as Hiscox London Market and Hiscox Re & ILS took advantage of the hardening market at the Jan. 1 renewals. 8 May 2018
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