Articles
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
Reinsurance broker JLT Re has launched JLT Re Iberia through the acquisition of JLT March Re. 13 November 2018
Insurance
Specialty re/insurer Canopius has hired Rachel Sabbarton as a senior underwriter within its energy team. 12 November 2018
article
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
Insurance
A series of major wildfires burned across Northern and Southern California is anticipated to cause the insurance industry a multi-billion-dollar aggregated payout, according to Aon’s Impact Forecasting Cat Alert. 12 November 2018
Insurance
Maiden Reinsurance (Maiden Bermuda), a wholly-owned subsidiaries of Bermuda-based Maiden Holdings has entered a retrocession agreement with Enstar Group related to quota share reinsurance contracts with AmTrust Financial Services. 12 November 2018
Insurance
Bermuda-based reinsurer Maiden Holdings has reported a significant increase in net losses for the third quarter of 2018 as adverse prior year loss development worsened in the AmTrust reinsurance segment. 12 November 2018
Insurance
Bermuda-based specialty lines insurance and treaty reinsurance provider AXIS Capital Holdings estimated its pre-tax loss from hurricane Michael in the range of $100 million to $120 million, net of estimated recoveries from reinsurance and retrocessional covers and including the impact of estimated reinstatement premiums. 12 November 2018
Insurance
Germany-based Talanx Group increased net income to €51 million in the third quarter of 2018 from a loss of €19 million in the same period a year ago despite the “unsatisfactory performance” of the industrial lines business. 12 November 2018
Insurance
Tokio Marine Holdings’ (TMHD) sale of two European reinsurance subsidiaries is likely to streamline its holdings and boost operational efficiency in the group's underwriting businesses, Fitch Ratings says. 12 November 2018
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