Articles

Insurance

M&A on the rise in the UK specialty market

While the UK’s specialty insurance market is showing only “modest” rate increases, mergers & acquisitions (M&A) are on the rise as insurers look for growth, according to EY UK insurance leader Rodney Bonnard.   24 July 2018

Insurance

Chubb, ACE European units convert to Societas Europaea in Brexit move

Chubb European Group and ACE Europe Life have converted to Societas Europaea (SE) in the company's Brexit preparations to redomicile its businesses to France.   24 July 2018

Insurance

More than 60 dead in Greek wildfires

At least 60 people have died in wildfires in the Attica region around Athens, in Greece's worst fire disaster in more than a decade, according to a July 24 BBC News report.   24 July 2018

Insurance

BPL Global creates new specialist division for excess of loss

Specialist credit and political risk insurance broker BPL Global has created a new specialist division dedicated to excess of loss (XoL) trade credit insurance with a specific focus on the trade finance sector.   24 July 2018

Insurance

Hurricane Irma claims exceed $1.1bn

More than $1.1 billion in claims has been paid by July 12, 2018 to policyholders because of damage caused by hurricane Irma, according to latest data from the US Federal Emergency Management Agency (FEMA).   24 July 2018

Insurance

Tokio Marine, Intact lead $90m investment in insurtech MetroMile

Tokio Marine Holdings and Intact Financial are leading a $90 million investment in San Francisco-based startup MetroMile, according to a July 23 Bloomberg News report.   24 July 2018

Insurance

Assured Guaranty sues over Puerto Rico oversight board appointments

Two bond insurance subsidiaries of Assured Guaranty have filed an adversary complaint challenging the constitutionality of appointments to the Financial Oversight and Management Board for Puerto Rico (Oversight Board).   24 July 2018

Insurance

Tokio Marine hires Chubb surety head in Europe

Specialty insurance group Tokio Marine HCC has appointed Luc Reuter as head of surety for Continental Europe as it further expands its international surety capabilities.   24 July 2018

Alternative Risk Transfer

New ILS structure to combine fund, insurance element

A new single structure for conducting both the fund and insurance element of insurance-linked securities business is being devised in Guernsey.   24 July 2018

Insurance

RMS appoints new chief financial officer

Risk modelling and analytics firm RMS has promoted Reed Birnbaum as chief financial officer (CFO), from his prior post of senior vice president, finance and analytics.   24 July 2018

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