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Alternative Risk Transfer
The first quarter of 2016 saw a record breaking issuance volume of $2 billion of non-life insurance-linked securities (ILS) issuance. 21 April 2016
Alternative Risk Transfer
Reinsurance broker TigerRisk Partners has appointed Philipp Kusche as partner and global head of insurance-linked securities (ILS) and capital solutions. 19 April 2016
News
Specialist reinsurance broker Capsicum Re has added Alistair Lockhart-Smith and Jerry Reeves to its marine & energy specialty business, as a managing partner and partner respectively. 18 April 2016
Insurance
Beazley, the Lloyd’s insurer, has completed its re-domicile to the UK from Ireland. 15 April 2016
Insurance
The US branch of Generali Group’s Global Corporate & Commercial business unit has launched a new property insurance product for US multinational corporations. 13 April 2016
Insurance
Global broker Arthur J Gallagher & Co has entered into an $800 million unsecured credit facility, expiring on April 8, 2021, with a group of financial institutions led by Bank of Montreal, Bank of America Merrill Lynch, Barclays Bank, Citibank and JP Morgan Chase Bank. 12 April 2016
Insurance
Re/insurance firm Jardine Lloyd Thompson Group (JLT) has reached a settlement and concluded litigation with Willis regarding certain employment related disputes involving the fine arts, jewellery, and specie team hired by JLT from Willis in 2015. 11 April 2016
Insurance
Paul Newson has resigned from his role of head of accident and health (A&H) at Novae after just three months in the position. 7 April 2016
Alternative Risk Transfer
RMS has launched a new so-called Cat-in-a-Box, cloud-based app which allows users to independently assess and underwrite parametric contracts for a small group of cedants, brokers, and underwriters to re/insurers or insurance-linked securities (ILS) funds. 7 April 2016
Insurance
Insurers and reinsurers issued approximately $2 billion in catastrophe bonds in the first quarter of 2016, up 35 percent from last year’s record result, according to the latest Catastrophe Bond Report by Verisk Insurance Solutions. 7 April 2016
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