News
Insurance
S&P Global Ratings has rewarded strategic changes made by AXIS Capital, which include reducing its exposure to legacy liabilities generated by the Novae Group, by revising its outlook on the company’s ratings to stable from negative. 13 December 2018
Insurance
Re/insurers can capitalise on a growing capital efficiency gap caused by the impact of climate change if they can educate buyers and develop products able to solve some of these challenges, according to Greg Lowe, global head of resilience and sustainability at Aon, in a new report called ‘Weather volatility and chronic climate risk: a growing capital efficiency gap.’ 13 December 2018
Alternative Risk Transfer
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 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
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Berkshire Hathaway Specialty Insurance Company (BHSI) has withdrawn from the Hong Kong employees’ compensation (EC) terrorism pool for policies starting or renewing on or after Dec. 1, 2018. 10 December 2018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 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
Arthur J Gallagher has snapped up two insurance brokerage firms to expand its footprint in the UK and New Zealand. 10 December 2018
Insurance
Specialist and corporate insurer Tokio Marine Kiln (TMK) has hired a property underwriting manager from Chubb for its Singapore team. 10 December 2018
Insurance
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
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