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Insurance
Castel Specialty, a division of MGA formation platform Castel Underwriting Agencies Limited, has launched Castel Transact (Transact), offering warranty and indemnity insurance cover for Benelux merger and acquisition (M&A) transactions, and tax risk insurance for tax liabilities in Europe.   20 September 2017
Insurance
Total insured and uninsured loss for both residential and commercial properties caused by Hurricane Irma, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion, according to data provider CoreLogic.   20 September 2017
Insurance
Specialist insurer Hiscox UK and Ireland has appointed Robert Hannigan, a former director of intelligence and security agency GCHQ, as special advisor on cyber security.   20 September 2017
Insurance
Arch Capital has appointed Nicolas Papadopoulo - the current chairman and CEO of Arch Worldwide Reinsurance Group - as the chairman and CEO of Arch Worldwide Insurance Group and chief underwriting officer for property and casualty operations, effective October 1, 2017.   20 September 2017
News
Willis Towers Watson's reinsurance business Willis Re has appointed Tom Wafer as chairman of its North America platform and Jeffrey Livingston as vice-chair, effective October 2017.   20 September 2017
Insurance
A major magnitude-7.1 earthquake struck Mexico on Tuesday, September 19, shortly after the M8.1 earthquake hit the Mexican state of Chiapas on September 7.   20 September 2017
Insurance
Hurricane Maria is set to hit the same Caribbean/Puerto Rican insurers which have already been impacted by Hurricane Irma, AM Best said in a Sept. 19 report.   20 September 2017
Insurance
Allianz said on Sept. 19 that the supervisory board of its German unit named Klaus-Peter Röhler CEO of the German operations, effective Jan. 1, 2018.   20 September 2017
Insurance
Bermuda-based property/casualty re/insurer XL Group said on Sept. 19 that it decided to move its principal European Union insurance company, XL Insurance Company, from the UK to Ireland in 2018 in response to Brexit.   19 September 2017
Insurance
Allianz’s Germany chief Manfred Knof will step down by the end of the year for health reasons, a spokesman for the insurance giant told Reuters on Tuesday, Sept. 19.   19 September 2017

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