News

Insurance

Chubb estimates Q3 cat losses at $450m pre-tax

Chubb has estimated the net losses in the third quarter of 2018 attributable to natural catastrophes globally at $450 million pre-tax, or $372 million after tax.   10 October 2018

Insurance

Reinsurance to protect Florida P&C players from hurricane Michael

Insurers and reinsurers exposed to hurricane Michael in Florida are likely to be only modestly impacted by hurricane Michael because of their typically high reinsurance protection, according to KBW.   9 October 2018

Alternative Risk Transfer

Allianz seeks expansion in alternative risk transfer through new AGCS structure

Allianz is targeting an expansion in alternative risk transfer ART) through a new structure and leadership at its corporate solutions unit Allianz Global Corporate & Specialty (AGCS).   9 October 2018

Insurance

Generali launches cyber security subsidiary

Italian insurer Generali has launched a new cyber insurance function and a startup company to offer innovative cyber risk assessment solutions through its web-based platform in Europe, Asia and the Americas.   9 October 2018

Insurance

Willis names head of Central & Eastern Europe, Middle East-Africa

Broker Willis Towers Watson has appointed Pamela Thomson-Hall as the head of the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region.   9 October 2018

Insurance

Outgoing Aspen CEO suggests senior management can stay

Aspen CEO Christopher O’Kane suggested that senior management will be allowed to stay as he is replaced with Brit chairman Mark Cloutier when Apollo takes control.   2 October 2018

Insurance

Liberty boosts financial institutions unit with Sompo, AXIS hires

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has strengthened its London-based financial institutions (FI) team with a series of new appointments.   2 October 2018

Insurance

Ascent poaches head of cyber from Brit

Ascent Underwriting, a London-based cyber and specialty lines MGA, has hired a new head of cyber from Brit Insurance.   2 October 2018

Insurance

Munich Re appoints new UK life chief executive

Munich Re has appointed Mari Lizette Malherbe as chief executive officer (CEO) for Munich Re London life branch, the reinsurer's UK & Ireland life business.   2 October 2018

Insurance

Tokio Marine invests in Allianz-backed insurtech Simplesurance

Tokio Marine Holdings has made a strategic investment in German insurtech firm Simplesurance (SISU) through its wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance.   2 October 2018

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