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Brexit vote extends uncertainty for UK insurance sector

Uncertainty continues for the UK’s insurance industry after the government’s Brexit deal has been rejected yesterday (Jan. 15) in what is dubbed the biggest ever government defeat in history.   16 January 2019

Insurance

Hurricane Michael insured losses reach $5bn

The total estimated insured losses from hurricane Michael have reached $5.02 billion, according to the Florida Office of Insurance Regulation.   16 January 2019

Insurance

Beazley bolsters European financial lines team with Hiscox, Aon hires

Specialist insurer Beazley has appointed two financial lines underwriters at the company's hub for continental Europe in Barcelona.   14 January 2019

Insurance

Harris to lead Argo international insurance operations

Bermuda-based specialty re/insurer Argo Group International Holdings has appointed Matt Harris to lead the company’s international insurance operations, including the UK, Europe, Asia, the Middle East and Bermuda.   18 December 2018

Insurance

Insurers gear up to grapple with the impact of climate change

The earth’s climate could be changing faster than first thought – and definitely faster than insurers would like. This presents great challenges to the industry which needs to address them quickly, Intelligent Insurer discovers.   13 December 2018

Insurance

AXA XL restructures E&S casualty leadership

Re/insurer AXA XL has unveiled its new excess & surplus (E&S) casualty product leads in the US, including a senior hire from QBE.   12 December 2018

Alternative Risk Transfer

Peak Re unveils first Asian reinsurance sidecar

Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction.   10 December 2018

Alternative Risk Transfer

Markel CATCo raises loss reserves for 2017 cat events

Markel CATCo Investment Management plans to increase the specific loss reserves held by the company related to the 2017 loss events namely hurricanes Harvey, Irma, Maria (HIM) and the California wildfires that year.   10 December 2018

Insurance

New legislation reduces no-deal Brexit risks: Fitch

Interim solutions and contingency planning with respect to insurance claims are reducing some significant risks a "no-deal" Brexit would present to the European insurance sector, Fitch Ratings says in a new report.   10 December 2018

Insurance

Berkshire Hathaway exits Hong Kong EC terrorism pool

Berkshire Hathaway Specialty Insurance Company (BHSI) has withdrawn from the Hong Kong employees’ compensation (EC) terrorism pool for policies starting or renewing on or after Dec. 1, 2018.   10 December 2018

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