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Insurance
Allianz Group is to acquire the legal protection insurance subsidiary DAS Switzerland and assets of DAS Luxembourg and Slovakia from German insurance group ERGO Group. 10 January 2018
Insurance
Willis Towers Watson has appointed Patrick Murphy as global head of cargo and specie, within its marine, corporate risk and broking division. 10 January 2018
Alternative Risk Transfer
Twelve Capital has completed a $35 million private catastrophe bond designed to cover second event risk across all natural perils in the US. 10 January 2018
Insurance
Willis Re has upgraded its cyber risk portfolio modelling tool PRISM-Re to now include what it has termed silent cyber – cyber losses arising from insurance policies not specifically designed to cover cyber risk. 9 January 2018
Insurance
Andy Wallin, group commercial director, Ed, has ambitious plans for a year that he admits will be defined to an extent by the heavy cat losses of 2017 and the market’s reaction to them. 9 January 2018
Insurance
AM Best will maintain a stable outlook on the personal lines segment of the US property/casualty industry for 2018. 5 January 2018
Alternative Risk Transfer
The ILS market showed resilience during the catastrophe losses in the second half of the year, comfortably weathering the first major test for a number of funds with investors prepared to recapitalize funds and provide liquidity for trapped capital, according to the latest 1st View renewals report from Willis Re. 3 January 2018
Insurance
More quality staff, harder rates and better flood models are all high up the wishlist of Dominic Kirby, managing director, ArgoGlobal, who explains his plans and ambitions for 2018 to Intelligent Insurer. 2 January 2018
Insurance
US insurers will need to be nimble if they are to maximise the potential benefits – and overcome potential pitfalls – stemming from US tax reforms, according to S&P Global Ratings, in a new report called ‘US Tax Reform: A Mixed Bag Of Goods For Life, Health, and P/C Re/Insurers.’ 2 January 2018
Insurance
Reinsurance rates are poised to improve in 2018 as a result of the significant 2017 catastrophe events, particularly on US property catastrophe lines and in the retrocessional market – that is according to many of the executives who we interviewed for our year-end questionnaire. 2 January 2018
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