News
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
Insurance
Munich Reinsurance America has appointed Michael Kerner as CEO for Munich Re Specialty Insurance, a new commercial insurance unit in North America. 17 December 2018
Insurance
European insurers showed “high resilience” to a series of natural catastrophes where European countries are hit in a quick succession of four windstorms, two floods, and two earthquakes, according to the European Insurance and Occupational Pensions Authority (EIOPA). 17 December 2018
Insurance
US personal lines insurer Allstate Corporation has estimated catastrophe losses for the month of November 2018 at $685 million, pre-tax ($541 million, after-tax), driven by the Camp and Woolsey fires in California. 13 December 2018
Insurance
AM Best has placed a negative market segment outlook on Brazil’s reinsurance market, citing persistent macroeconomic and political uncertainty; a declining interest rate environment, which has led to lower investment income; foreign exchange fluctuations; and evolving reinsurance market conditions. 13 December 2018
Insurance
Bermuda-based AXIS Insurance, a unit of AXIS Capital Holdings has hired Andrew Maher as senior cyber underwriter, effective immediately. 13 December 2018
Insurance
Fire and explosion incidents cause the largest claims for insurers and the businesses they cover, according to new research from Allianz Global Corporate & Specialty (AGCS). 13 December 2018
Insurance
S&P Global Ratings has rewarded strategic changes made by AXIS Capital, which include reducing its exposure to legacy liabilities generated by the Novae Group, by revising its outlook on the company’s ratings to stable from negative. 13 December 2018
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