News
Insurance
US-based Kemper Corporation estimates that its fourth quarter 2018 results will include pre-tax catastrophe losses, including the impacts of the California wildfires, ranging from $25 million to $30 million, net of reinsurance. 15 January 2019
Insurance
Renomia, one of the largest Czech insurance providers, is merging with IMG to surpass Kč 10 billion (€ 391 million) in terms of administered premiums. 15 January 2019
Insurance
Cayman Islands-based reinsurer Greenlight Capital Re has become the largest shareholder in US managing general agent (MGA) AccuRisk following its latest investment in the company. 15 January 2019
Insurance
Lloyd’s broker and delegated authority specialist SSL Endeavour has hired a senior professional indemnity (PI) broker to expand its international business. 15 January 2019
Insurance
Specialty insurer OneBeacon has recruited the chief underwriting officer (CUO), executive liability practice, of Great American Insurance Group. 15 January 2019
Alternative Risk Transfer
The outlook for the non-life reinsurance sector is improving as prices are expected to rebound in 2019 following the sector’s second consecutive year of above-average losses. 15 January 2019
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
German industrial lines insurer HDI Global has hired a senior long-serving Allianz executive to fill the position of UK and Ireland managing director. 15 January 2019
Insurance
Barbican Insurance Group has promoted three senior underwriting executives at Syndicate 1955. 15 January 2019
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