News
Insurance
The parent company of Bermuda-based Watford Re, a reinsurance sidecar launched by Arch Capital and Highbridge Capital, has filed for an initial public offering (IPO) on the Nasdaq. 30 January 2019
News
A severe global ransomware attack could cost as much as $193bn and affect more than 600,000 businesses worldwide, yet only 14 percent of this cost is insured, research has revealed. 30 January 2019
Insurance
Pacific Gas & Electric Corporation and its operational subsidiary PG&E Company, the company accused of starting several of California’s record-breaking wildfires in 2017 and 2018, has filed for Chapter 11 bankruptcy protection. 30 January 2019
Insurance
Re/insurer QBE is in the process of realigning its business operations to take a more customer-centric approach. Its latest move has resulted in the merger of its regional specialty portfolios in Asia. 30 January 2019
News
RenaissanceRe’s gross written premiums jumped by nearly 20 percent in 2018 – but its profits dipped mainly on the back of high levels of claims from the record-breaking wildfires in California for a second consecutive year. 30 January 2019
article
Swiss Re has formed a new capital markets unit in Luxembourg and applied for authorisation to trade with EEA based clients to ensure trading continuity post-Brexit. 30 January 2019
Insurance
Lloyd's re/insurance broker RFIB Group has appointed Stephen Warwick as CEO reinsurance, Asia Pacific, following a strategic review of the region. 30 January 2019
Insurance
Bermuda-based AXIS Capital Holdings has hired a senior executive from Gen Re to expand AXIS Re’s Canadian market business and establish new partnerships in the region. 30 January 2019
Insurance
Specialist insurance and reinsurance market Lloyd's has appointed former United States Senator John Sununu as a new member of its Council for a three-year term, beginning Feb 6, 2019. 30 January 2019
Insurance
Chinese insurers are unlikely to dramatically alter their investment strategies or modify their asset allocations despite recent encouragement from the China Banking and Insurance Regulatory Commission (CBIRC) to invest their long-term funds in high-quality listed stocks and bonds, long-term equity investments, and securities brokerage firms' asset management plans and trust products, according to Fitch Ratings. 30 January 2019
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