News

Insurance

Sompo swoops for Amlin's Pützer as head of financial lines in Germany

Bermuda-based specialty re/insurer Sompo International Holdings has hired Udo Pützer to join the company’s European insurance platform as head of financial lines insurance, Germany.   21 May 2019

Insurance

Safe Auto Insurance Group files for $50m IPO

US personal auto insurer Safe Auto Insurance Group has filed for an initial public offering (IPO) of its common shares to raise up to $50 million.   21 May 2019

Insurance

Everest bolsters E&S casualty group with Zurich, BXM hires

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has strengthened its excess & surplus (E&S) casualty group with the addition of two new hires in Chicago.   13 May 2019

Insurance

Ryan Specialty Group and Nationwide to launch new reinsurer Geneva Re in Bermuda

Ryan Specialty Group (RSG) has teamed up with insurance and financial services provider Nationwide to launch a new reinsurance company based in Bermuda, Geneva Re.   7 May 2019

Insurance

Global reinsurance capital falls 5% in 2018, finds Willis Re

Capital earmarked for the global reinsurance industry fell by 5 percent in 2018, according to analysts at Willis Re.   23 April 2019

Insurance

Sompo International appoints Thomas Brazil as new CEO of European unit

Bermuda-based specialty re/insurer Sompo International Holdings has appointed Thomas Brazil as the new chief executive officer of SI Insurance (Europe), the company’s platform for European Economic Area (EEA) insurance business.   23 April 2019

Alternative Risk Transfer

S&P predicts ‘stable to gradual increases’ in European run-off market

S&P has predicted “stable to gradually increasing activity” in the European property casualty run-off market in a report.   15 April 2019

Insurance

Rising secondary perils a ‘wake-up call’ for insurers: Swiss Re

Global insured losses from natural catastrophes in 2018 were $76 billion, with over 60 percent resulting from so-called “secondary” perils - small-to-mid sized events or secondary effects of a primary peril, a Swiss Re sigma study has revealed.   10 April 2019

Insurance

Munich Re's ERGO sells three insurance subsidiaries to Generali in consolidation strategy

Munich Re's primary insurance unit ERGO Group is selling its life, non-life and composite portfolios in Hungary and Slovakia to Italian insurer Generali as part of its international business optimisation strategy.   8 April 2019

Insurance

Boeing 737 Max software fix confirmed as Munich Re assesses exposure

As US aircraft manufacturer Boeing announced software upgrades to its 737 Max planes, it remained unclear how far this fix could mitigate the potential losses for the global insurance industry.   28 March 2019

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