Articles

Alternative Risk Transfer

Hiscox unveils reshuffle in reinsurance, ILS including hire from Ariel Re

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 closes Nephila acquisition

Markel Corporation has completed its acquisition of Nephila Holdings, the biggest insurance-linked securities (ILS) manager in the world.   15 November 2018

Insurance

California fires risk $18bn property reconstruction cost

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 combines specialty unit with JLT, reshuffles management

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

TransRe invests in parametric insurance specialist

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

JLT Re acquires JLT March Re, launches Iberia operations

Reinsurance broker JLT Re has launched JLT Re Iberia through the acquisition of JLT March Re.   13 November 2018

Insurance

IoT insurance platform raises £1m

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

Assurant reorganises leadership as CRO retires

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

Insurance

Lloyd’s opens Brussels office

Lloyd’s of London has opened its insurance subsidiary in Brussels which is set to allow the market to continue operating and serving its clients in the EU after Brexit.   13 November 2018

article

Hannover Re’s Gräber dies aged 62

Hannover Re’s long-serving executive board member Jürgen Gräber passed away suddenly and unexpectedly on Nov. 9, 2018, at the age of 62.   12 November 2018

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