Articles

Insurance

Insurers gear up to grapple with the impact of climate change

The earth’s climate could be changing faster than first thought – and definitely faster than insurers would like. This presents great challenges to the industry which needs to address them quickly, Intelligent Insurer discovers.   13 December 2018

Alternative Risk Transfer

Peak Re unveils first Asian reinsurance sidecar

Hong Kong-based Peak Reinsurance Company has launched what it described as Asia’s first sidecar transaction.   10 December 2018

Alternative Risk Transfer

Markel CATCo raises loss reserves for 2017 cat events

Markel CATCo Investment Management plans to increase the specific loss reserves held by the company related to the 2017 loss events namely hurricanes Harvey, Irma, Maria (HIM) and the California wildfires that year.   10 December 2018

Insurance

New legislation reduces no-deal Brexit risks: Fitch

Interim solutions and contingency planning with respect to insurance claims are reducing some significant risks a "no-deal" Brexit would present to the European insurance sector, Fitch Ratings says in a new report.   10 December 2018

Insurance

Berkshire Hathaway exits Hong Kong EC terrorism pool

Berkshire Hathaway Specialty Insurance Company (BHSI) has withdrawn from the Hong Kong employees’ compensation (EC) terrorism pool for policies starting or renewing on or after Dec. 1, 2018.   10 December 2018

Insurance

Coverys provides capacity for DTW Syndicate 1991

Coverys Managing Agency, the Lloyd’s managing agent of Syndicates 1975, 1991, 3330 and 1110, is joining DTW’s panel of capacity providers, as one of its largest backers, from January 1, 2019.   10 December 2018

Insurance

Gallagher snaps up brokerage firms in UK, New Zealand

Arthur J Gallagher has snapped up two insurance brokerage firms to expand its footprint in the UK and New Zealand.   10 December 2018

Insurance

Tokio Marine hires Chubb property underwriter in Singapore

Specialist and corporate insurer Tokio Marine Kiln (TMK) has hired a property underwriting manager from Chubb for its Singapore team.   10 December 2018

Insurance

AIG chief data officer joins AI insurtech Planck Re

American International Group's (AIG's) chief data officer Leandro DalleMule has joined insurtech startup Planck Resolution as general manager, North America.   10 December 2018

Insurance

AIG appoints Lyons as chief financial officer

American International Group (AIG) has appointed Mark Lyons as executive vice president and chief financial officer (CFO), succeeding Sid Sankaran.   5 December 2018

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