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Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is launching a platform for transacting specialised trade credit insurance for banks, corporates and commodity traders, according to a Feb. 12 press release. 13 February 2018
Insurance
Everest Insurance has hired Jeff Mickletz as director and senior underwriter within the excess casualty division of Everest Specialty Casualty. 13 February 2018
Insurance
Extratropical cyclone “Burglind”, also known as “Eleanor” caused insurers property losses of €643 million, according to estimates by insurance data provider PERILS. 13 February 2018
Insurance
Berkshire Hathaway Specialty Insurance Company (BHSI) has opened a new office in the Dubai International Financial Centre (DIFC), while naming Alessandro Cerase as its senior executive officer (SEO) and Neeraj Yadvendu as deputy SEO and head of third party lines for the Middle East. 12 February 2018
Insurance
US property/casualty insurer The Hartford reported a net loss of $3.7 billion for the fourth quarter 2017, primarily due to a $3.1 billion loss on discontinued operations related to the agreement in December to sell Talcott Resolution and a $877 million charge due to the reduction in the US corporate tax rate. 9 February 2018
Insurance
SCOR declined opportunities to grow in proportional reinsurance at the January renewals because it perceived rates as inadequate. This is in contrast with some of its competitors including Munich Re, which have signed some large proportional deals. 8 February 2018
Insurance
Willis Towers Watson has grown the commissions and fees of its reinsurance business (Investment, Risk & Reinsurance) by 5 percent year on year in the fourth quarter of 2017 to $300 million. Organically, the recorded growth in the segment was 4 percent. 8 February 2018
Insurance
Bermuda-based AXIS grew gross premiums written in its reinsurance segment by 62 percent year on year in the fourth quarter of 2017 excluding the Novae acquisition. 8 February 2018
Insurance
French reinsurer SCOR improved risk-adjusted pricing by 3 percent at the January 2018 renewals compared to 2017. 8 February 2018
Insurance
A record-breaking catastrophe year 2017 has allowed Beazley to increase reinsurance prices by 3 percent in non-US business and 8 percent in US business at January 2018 renewals. 8 February 2018
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