Articles

Alternative Risk Transfer

Cedants affect reinsurance rates: JLT Re

Excess capacity and strong competition among traditional and ILS markets have again been instrumental in driving rates down, says JLT Re.   29 June 2017

Alternative Risk Transfer

Liability protection for ILS funds

JLT Specialty USA’s new ILS Protect product was created to address the specific liabilities of ILS operations, as Mark Flippen, senior vice president, JLT Specialty USA, explains.   29 June 2017

News

PartnerRe chief risk officer and P&C CEO depart

Bermuda-based PartnerRe has announced that its CEO of property and casualty Tad Walker, and chief risk and actuarial officer Marvin Pestcoe are set to retire from the company at the end of first quarter 2018.   29 June 2017

Insurance

Willis Towers Watson poaches QBE exec to head FINEX Australasia

Broker Willis Towers Watson has hired QBE's Jill Stewart as head of FINEX Australasia to further strengthen its capability in the financial and professional lines.   29 June 2017

News

Guy Carpenter launches new Asia Pacific retro unit, appoints leaders

Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has launched a new unit offering dedicated retrocession services to clients in the Asia Pacific region.   29 June 2017

Insurance

QBE Australia and New Zealand appoints first chief customer officer

Re/insurer QBE Australia and New Zealand has appointed Bettina Pidcock as its first chief customer officer.   29 June 2017

Insurance

AIG elects CEO Duperreault and other directors to board

American International Group (AIG) has elected thirteen directors to its board at the company's annual shareholder meeting on June 28.   29 June 2017

Insurance

Aegon closes US run-off business sale to Wilton Re

Netherland-based insurer Aegon has completed its divestment transaction with Wilton Re, a company focused on the North American life insurance market.   29 June 2017

Insurance

EXIN Group strikes €718m deal to acquire Ethniki Hellenic General Insurance

Dutch firm EXIN Financial Services Holding said on June 29 that it acquired a 75 percent stake in insurer Ethniki Hellenic General Insurance from the National Bank of Greece (NBG) for €718 million.   29 June 2017

Insurance

World Bank launches first pandemic bond with insurance sector support

The World Bank (International Bank for Reconstruction and Development) has launched bonds that will support the Pandemic Emergency Financing Facility (PEF), which will channel first-response surge funding to developing countries facing the risk of a pandemic.   29 June 2017

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