Articles

Insurance

Hurricane Michael losses expected at up to $4.5bn

Hurricane Michael made landfall as a Category 4 hurricane along the Florida Panhandle coast yesterday (Oct. 10) and is expected to have caused damage from wind and storm surge in the range of $2 billion to $4.5 billion, according to CoreLogic estimates.   11 October 2018

Alternative Risk Transfer

Hiscox appoints CFO for reinsurance, ILS

Specialist insurer Hiscox has appointed Liz Breeze as the new chief financial officer (CFO) of its reinsurance and alternative capital business Hiscox Re & ILS, based in Bermuda.   11 October 2018

Insurance

Reinsurers on the hook for hurricane Michael losses

Reinsurers are likely to bear the brunt of the losses caused by hurricane Michael, KBW's Meyer Shields suggested in a research note.   11 October 2018

Insurance

Newly merged SSL Endeavour boosts property team with Aon hire

Specialist independent Lloyd’s broker and delegated authority specialist SSL Endeavour Group, which have recently merged under private investment firm JC Flowers, is expanding its property team with new hires from Aon and Bell & Clements.   11 October 2018

Insurance

Brokerslink bolsters broker network in Africa

Brokerslink has expanded its global broker network with the addition of eight new independent brokers from Africa, extending its presence to 21 countries across the continent.   11 October 2018

Insurance

CCRIF to makes first payout to Barbados in 2018/19 policy year

CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has made its first payout to Barbados on its excess rainfall policy in the 2018/19 policy year.   11 October 2018

Insurance

Brit chairman to become Aspen CEO

Brit’s executive chairman Mark Cloutier is stepping down from his role in December 2018 with a view to becoming Aspen CEO.   1 October 2018

Insurance

New investor challenge to AmTrust’s plan to go-private

Central Europe based investment group Arca Capital said that it will meet with state insurance regulators to oppose the AmTrust privatisation transaction and that it will continue to campaign aggressively against the "absurdly low" buyout price.   1 October 2018

Insurance

Starr opens office in Norway for expansion, appoints Europe head

Starr Insurance Companies is expanding its presence in Europe with the opening of a new office on Oslo, Norway.   1 October 2018

Insurance

Aon launches Americas capital advisory services, appoints head

Aon has launched its Americas capital advisory team to help re/insurers identify and deliver balance sheet solutions that reduce volatility and increase profitability.   1 October 2018

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