Articles
Insurance
P&C re/insurers face higher year on year catastrophe losses in the fourth quarter of 2018 results reflecting hurricane Michael, California wildfires, and some smaller events, but overall losses should be manageable, according to Keefe, Bruyette & Woods (KBW) analysts. 14 January 2019
Insurance
Specialist insurer Beazley has appointed two financial lines underwriters at the company's hub for continental Europe in Barcelona. 14 January 2019
Insurance
Positive P&C pricing and rising investment income in the US insurance sector are expected to be offset by slower reserve releases and higher loss trends in 2019, according to Morgan Stanley analyst Kai Pan. 14 January 2019
Insurance
The overall impact of catastrophe losses on property rates was muted at the January 1, 2019 reinsurance renewals, according to Guy Carpenter. 14 January 2019
Insurance
French insurer AXA plans to move its international risk and reinsurance operations from the UK to Ireland in preparation for Brexit, according to a Jan. 10 Reuters report. 11 January 2019
Alternative Risk Transfer
Global reinsurance capital decreased in the third quarter of last year though the mix of capital available changed within this with alternative capital supplying a higher percentage of what was available to insurers, according to a report by Aon. 11 January 2019
Insurance
Bermuda-based re/insurer Arch Capital Group has estimated pre-tax losses of $110 million to $130 million related to 2018 fourth quarter catastrophic events, primarily due to Hurricane Michael and the California wildfires. 11 January 2019
Insurance
Specialty insurer Beazley has partnered with Hong Kong-based coverholder Pegasus Underwriting (PUL) to expand its financial lines offering in Asia. 11 January 2019
Alternative Risk Transfer
Pacific Investment Management Company (PIMCO), the asset management company owned by Allianz, has recruited Rick Pagnani, the former chief executive of Everest Re’s sidecar Mt. Logan Re, as head of its ILS business. 11 January 2019
Insurance
Stonybrook Capital, the investment bank focused on the insurance industry, has strengthened its executive team with two hires, one from JLT Capital Markets, and one promotion. 11 January 2019
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