Articles

Insurance

Hurricane Michael losses expected at up to $4.5bn

Hurricane Michael made landfall as a Category 4 hurricane along the Florida Panhandle coast yesterday (Oct. 10) and is expected to have caused damage from wind and storm surge in the range of $2 billion to $4.5 billion, according to CoreLogic estimates.   11 October 2018

Alternative Risk Transfer

Hiscox appoints CFO for reinsurance, ILS

Specialist insurer Hiscox has appointed Liz Breeze as the new chief financial officer (CFO) of its reinsurance and alternative capital business Hiscox Re & ILS, based in Bermuda.   11 October 2018

Insurance

Reinsurers on the hook for hurricane Michael losses

Reinsurers are likely to bear the brunt of the losses caused by hurricane Michael, KBW's Meyer Shields suggested in a research note.   11 October 2018

Insurance

Newly merged SSL Endeavour boosts property team with Aon hire

Specialist independent Lloyd’s broker and delegated authority specialist SSL Endeavour Group, which have recently merged under private investment firm JC Flowers, is expanding its property team with new hires from Aon and Bell & Clements.   11 October 2018

Insurance

Brokerslink bolsters broker network in Africa

Brokerslink has expanded its global broker network with the addition of eight new independent brokers from Africa, extending its presence to 21 countries across the continent.   11 October 2018

Insurance

CCRIF to makes first payout to Barbados in 2018/19 policy year

CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) has made its first payout to Barbados on its excess rainfall policy in the 2018/19 policy year.   11 October 2018

Insurance

Maiden sells US casualty fac business to Sompo

Bermuda-based Maiden Holdings as agreed to sell its US facultative business including its team of specialists to Japan-based Sompo Group.   10 October 2018

Insurance

Ascot CEO becomes new Lloyd’s Market Association chairman

Andrew Brooks, CEO of Ascot Underwriting, has been appointed the next chairman of the Lloyd’s Market Association (LMA) with effect from Jan.1, 2019.   10 October 2018

Insurance

London Market profitability to remain under pressure in 2018: Fitch

The profitability of London Market insurers is set to remain under pressure in 2018, according to Fitch Ratings.   10 October 2018

Insurance

Travelers partners with Amazon for smart home solutions

US-based property/casualty insurer Travelers has teamed up with Amazon to offer smart home solutions through a digital storefront on the electronic commerce giant.   10 October 2018

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