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Insurance
California’s Thomas Fire insured losses at up to $2.5bn
The Thomas Fire that affected the Southern California counties of Ventura and Santa Barbara in December 2017 has caused insured losses of between $1 billion and $2.5 billion, according to estimates by data analytics firm RMS.   23 January 2018
Insurance
TigerRisk taps Aon Benfield exec to lead European operations
Reinsurance broking and risk/capital management firm TigerRisk Partners has appointed Aon Benfield's Marc Beckers as the new head of its EMEA operations.   23 January 2018
Alternative Risk Transfer
PartnerRe strikes £725m reinsurance deal with PIC
Bermudian PartnerRe has revealed a £725 million longevity reinsurance agreement with UK-based specialist insurer Pension Insurance Corporation (PIC).   23 January 2018
Insurance
Liberty appoints new global financial risks manager for Asia
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has promoted Chris Sawyer to the role of manager, global financial risks (GFR) for the Asia-Pacific region.   23 January 2018
Insurance
Reinsurance and Lloyd’s drive AIG to acquire Validus
American International Group (AIG) is taking over Validus in order to diversify the business into reinsurance and to add a Lloyd’s syndicate, management suggested in a Jan. 22 conference call discussing the deal.   22 January 2018
Insurance
Duperreault starts to reshape AIG
American International Group (AIG) CEO Brian Duperreault makes his first major move to reshape AIG and position it for profitable growth.   22 January 2018
Alternative Risk Transfer
AIG to acquire Validus for $5.56bn
American International Group (AIG) has entered into a definitive agreement to acquire all outstanding common shares of Bermuda-based Validus Holdings.   22 January 2018
Insurance
Insurtech Hippo secures $25m to fund expansion
California-based insurtech company Hippo has raised $25 million in Series B funding, led by Comcast Ventures and Fifth Wall, and other fintech investors.   22 January 2018
Insurance
Lockton taps Zurich's head of financial lines
Insurance broker Lockton has hired Zurich Insurance's head of financial lines to strengthen its professional services team in the UK.   22 January 2018
Insurance
Insurtech InMyBag seeks £500,000 in funding
Specialist tech insurer InMyBag is targeting £500,000 through crowdfunding as it launches an offering to replace gadgets.   22 January 2018

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