Articles

Alternative Risk Transfer

What ILS funds must learn from Irma

Despite a multitude of other catastrophes in 2018, the single biggest loss event for reinsurers was so-called loss creep from 2017’s Hurricane Irma. Dirk Lohmann of Schroders examines what went wrong and what the industry must learn.   28 February 2019

Insurance

Munich Re picks insurtech CyberCube to boost cyber risk analytics

Reinsurer Munich Re has selected insurtech CyberCube's analytics platform to help quantify, model and control cyber accumulation risk.   28 February 2019

Insurance

Beazley, Marsh launch new cyber and breach cover for manufacturers

Specialist insurer Beazley and broker Marsh have teamed up to launch a new cyber insurance cover and breach response, designed specifically for manufacturers.   28 February 2019

Alternative Risk Transfer

IAG issues first cat bond, uses new Singapore ILS laws for first time

Insurance Australia Group (IAG) has issued its first catastrophe bond; the deal also the first to be domiciled in Singapore, using its new insurance-linked securities (ILS) laws.   27 February 2019

Insurance

Pool Re places first catastrophe bond for terrorism risk

UK government-backed terrorism reinsurer Pool Re has placed its first catastrophe bond covering physical damage caused by chemical, biological, radiological and nuclear attacks, and losses caused by a cyber trigger.   26 February 2019

Insurance

JLT 2018 results show revenues up 5 percent as Marsh deal looms

JLT Group enjoyed strong growth and a much-improved underlying profit in 2018, which is likely to be its final year as a standalone company as its takeover by Marsh & McLennan Companies looms.   26 February 2019

News

Former LMA CEO Gittings joins DXC Technology’s Ins-sure Services

DXC Technology, the London insurance market service provider, has appointed David Gittings as non-executive director (NED) of its Ins-sure Services (XIS) at a crucial time for the London insurance market.   26 February 2019

Insurance

FedNat strikes $51m deal to acquire 1347 PIH's homeowners business

FedNat Holding Company is to acquire Maison Insurance Company and other homeowners insurance entities from 1347 Property Insurance Holdings (1347 PIH) in a $51 million deal.   26 February 2019

Insurance

RSA hires new chief financial officer from UK funds group

RSA Insurance Group has appointed Charlotte Jones as new chief financial officer, replacing Scott Egan who moved to become CEO of the company's UK & International division earlier this month.   26 February 2019

Insurance

Marsh finds steep rise in global commercial insurance rates in Q4 2018

Commercial insurance prices increased by 2 percent in Q4 2018, the steepest increase since Marsh began its Global Insurance Market Index in 2012, and the fifth consecutive quarter of average increases.   26 February 2019

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