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Alternative Risk Transfer
With the $10 billion threshold for annual ILS issuance finally pierced in 2017, it’s time for the global risk transfer community to make ‘catastrophe bonds phase II’ a reality, according to the quarterly PCS Q4 2017 Catastrophe Bond Report, authored by Tom Johansmeyer, assistant vice president, PCS Strategy and Development. 4 January 2018
Insurance
Bermuda-based PartnerRe has appointed Charles Goldie, formerly CEO of specialty lines, as CEO of property/casualty, following the retirement of Tad Walker who previously held that role. 4 January 2018
Insurance
Specialist insurer Beazley has appointed an experienced marine underwriter to help grow its newly-launched US platform. 4 January 2018
Insurance
US personal lines insurer Allstate has made three senior leadership promotions ahead of its president Matt Winter retiring in late February after eight years at the company and a 25-year career in insurance. 4 January 2018
Insurance
Ryan Specialty Group is to acquire the assets and operations of Kerwick & Curran (K&C), a wholesale insurance brokerage. 4 January 2018
Insurance
Actuarial firm Milliman has released a new software platform, which it describes as the next generation of advanced analytics software for loss reserving for the insurance and reinsurance industry. 4 January 2018
Insurance
Pioneer Underwriters has hired a financial lines underwriter from Chubb to boost its financial institutions unit. 4 January 2018
Insurance
The re/insurance industry will bear record catastrophe losses of $135 billion in 2017 following hurricanes Harvey, Irma and Maria as well as a severe earthquake in Mexico, according to Munich Re’s calculations. 4 January 2018
Insurance
Reinsurance rates did not increase by as much as expected in the year-end renewals as many reinsurers conceded ground to clients as the date neared, particularly in non-loss affected areas, according to JLT Re’s Retrospective Renewal Report. 3 January 2018
Insurance
Arno Junke, the chief executive of Deutsche Rück and the Association of German Public Insurers (VöV), has left both positions as of December 31, 2017. 2 January 2018
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