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Insurance
A new generation of catastrophe models could be completely transparent to their users – heralding a seismic change in the way risk models are built and used, which could be as significant a change for the industry as when the very first cat models were built in the early 1980s. 9 June 2017
Insurance
Helios Underwriting said on June 9 that it agreed to acquire Lloyd's limited liability member Nottus No 51 Limited for a consideration of £964,500 in cash. 9 June 2017
Insurance
Bermuda-based Arch Capital Group said June 8 that it launched an underwritten public secondary offering of 6,381,410 common shares "by certain selling shareholders affiliated with American International Group." 9 June 2017
Insurance
Damage from up to softball-sized hail in May in Colorado led to insurance payouts of more than $1.4 billion, according to Aon Benfield's monthly Global Catastrophe Recap report. 9 June 2017
Insurance
General insurer Insurance Australia Group (IAG) has purchased an additional reinsurance protection worth A$1 billion ($750 million) against major disasters. 9 June 2017
Insurance
Berkshire insurance subsidiaries have reached an agreement with California’s Department of Insurance by committing to lower rates, improved disclosures, and limiting sale of their worker’ compensation insurance. 9 June 2017
Insurance
Insurance broker Lockton has named Jeff Henningsen as president of its Houston property and casualty insurance operation. 9 June 2017
Insurance
Texas-based specialty lines underwriting manager and wholesale broker US Risk has hired Matthew McCampbell as executive vice president of corporate strategy and development. 9 June 2017
Insurance
US-based Topa Insurance has named Olive Chang assistant vice president of reinsurance and programmes, based in the company's Calabasas, California office. 9 June 2017
Insurance
Specialist commercial insurer CNA Hardy will form a new European subsidiary in Luxembourg after Brexit, and appoint a local management team to oversee its risk, finance and compliance functions. 6 June 2017
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