News
Alternative Risk Transfer
Losses from hurricane Michael and the devastating Camp and Woolsey wildfires in California will feature prominently in the fourth quarter 2018 earnings, resulting in what is likely to be disappointing profitability for many reinsurers for the second consecutive year, according to Moody’s. 19 December 2018
Insurance
The European Commission has approved the acquisition of Chaucer by China Reinsurance Group Corporation on December 18. 19 December 2018
Alternative Risk Transfer
Bermuda-based RenaissanceRe Holdings and Dutch pension fund manager PGGM are launching a new property catastrophe reinsurer called Vermeer Reinsurance to provide capacity focused on risk remote layers in the US property catastrophe market. 18 December 2018
Insurance
Global insured losses from catastrophes in 2018 are estimated to be $79 billion, the fourth highest on sigma records and higher than the annual average of the previous 10 years, according to the latest sigma report by Swiss Re. 18 December 2018
Insurance
AXA is fully equipped to target some of the largest acquisitions on the legacy market, said Sylvain Villeroy de Galhau, CEO at AXA Liabilities Managers (AXA LM). 18 December 2018
Insurance
Specialist insurer Hiscox has appointed Bob Thaker as its new UK CEO, effective March 2019. 17 December 2018
Insurance
Lloyd’s and six market syndicates will begin using Parsyl, a supply chain data startup, to better manage risk for temperature sensitive classes of business. 17 December 2018
Insurance
Swiss Re has appointed Mark Hodges as new CEO of ReAssure as part of the preparation towards a potential initial public offering (IPO) of the business. 17 December 2018
Insurance
JLT Re (North America) has partnered with Pact Insurance, a personal auto insurtech company, to create a digital insurance solution to cover established and emerging mobility risks. 17 December 2018
Insurance
Zurich Insurance Group has agreed to sell its pre-2007 UK legacy employers’ liability policies portfolio to Bermuda-based specialist acquirer of legacy insurance portfolios Catalina Holdings. 17 December 2018
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