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Insurance
AXA Insurance has teamed up with Cobalt Underwriting to create a new Shariah-compliant insurance product for the real estate sector to be distributed via brokers. 27 April 2018
Insurance
Allianz specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) has partnered with Israel-based drone safety systems company ParaZero as the market grows rapidly in the US. 27 April 2018
Alternative Risk Transfer
Insurance-linked securities (ILS) investors are reloaded and ready for the 1 June 2018 Florida renewals after significant losses in the second half of 2017 which saw record natural catastrophes from hurricanes, earthquakes, and wildfires in North America, according to the latest ILS Market Update by Willis Towers Watson Securities. 27 April 2018
Insurance
Reinsurance Group of America (RGA) reported a drop in net income to $100.2 million in the first quarter of 2018 compared to $145.5 million in the same period a year earlier. 27 April 2018
Alternative Risk Transfer
Catastrophe bond issuance during the first quarter of 2018 stood at $3.58 billion across 10 transactions – a new record for first quarter issuance, easily surpassing the 2016 and 2017 issuance volumes of approximately $2.2 billion, according to a new Insurance-Linked Securities Q1 2018 Update by Aon. 26 April 2018
Insurance
Chubb CEO Evan Greenberg has hailed rate improvements as the insurer presented its first quarter 2018 results. 25 April 2018
Insurance
WR Berkley CEO Rob Berkley said during the first quarter 2018 results conference call that the situation in the reinsurance sector remains tough but that it is a core business for the firm while he currently sees better growth opportunities in the primary segment. 25 April 2018
Insurance
Broker Aon has extended the contract with its president and CEO Gregory Case until April 1, 2023. 25 April 2018
Alternative Risk Transfer
Pool Re has appointed GC Securities, a division of MMC Securities LLC, as its insurance-linked securities (ILS) advisor and placement agent. 25 April 2018
Alternative Risk Transfer
IPS Search’s Colum Lovett & Dan Gattis discuss the findings of their talks with insurance executives about the clash between traditional re/insurers and the newer ILS market participants as they seek to recruit the best and brightest. 25 April 2018
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