Articles
Alternative Risk Transfer
Specialty re/insurer Brit has unveiled a new multi-arrangement insurance special purpose vehicle to write general collateralised reinsurance for multiple cedants via Brit’s distribution network in the London market. 19 November 2018
Insurance
PartnerRe’s third quarter results were hit hard by losses from Typhoons Jebi and Trami and Hurricane Florence as well as losses on its investment portfolio though its CEO was upbeat as its non-life unit reported an underwriting profit in the first nine months of the year. 15 November 2018
Alternative Risk Transfer
Specialist insurer Hiscox has made three new appointments within its reinsurance and insurance-linked securities (ILS) division, including a new hire from Ariel Re. 15 November 2018
Alternative Risk Transfer
Markel Corporation has completed its acquisition of Nephila Holdings, the biggest insurance-linked securities (ILS) manager in the world. 15 November 2018
Insurance
The Camp and Woolsey fires in Northern and Southern California are putting 48,390 homes at high or extreme risk of wildfire damage with a total reconstruction cost value (RCV) of approximately $18 billion, according to data provider CoreLogic. 13 November 2018
Insurance
Marsh is combining the specialty teams of Marsh and Jardine Lloyd Thompson Group to create the Marsh-JLT Specialty unit, effective upon closing of the transaction between Marsh’s parent company, Marsh & McLennan Companies (MMC) and JLT. 13 November 2018
Insurance
New York-headquartered Transatlantic Holdings (TransRe) has invested in New Paradigm Group, a developer of parametric insurance and risk transfer solutions. 13 November 2018
Insurance
Reinsurance broker JLT Re has launched JLT Re Iberia through the acquisition of JLT March Re. 13 November 2018
Insurance
London-based Iotatech, a developer of insurance software as a service platform, has secured its target of £1 million of second round funding following a private placement. 13 November 2018
Insurance
New York-headquartered Assurant is adding three members to its management committee to “accelerate decision-making across all of the company’s most critical businesses and to support its global growth strategy,” according to a corporate statement. 13 November 2018
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