News
News
Losses for insurers stemming from natural catastrophes were substantially higher than the long-term average in 2018 with an eventful second half of the year contributing to a high overall loss figure of $160 billion, half of which was insured, according to a report by Munich Re. 9 January 2019
Insurance
Everest Re is seeking a new chief executive following the announcement that its current head, Dominic Addesso, will retire at the end of 2019. 9 January 2019
Alternative Risk Transfer
US insurer Liberty Mutual has secured $150 million of collateralised reinsurance capacity through its Bermuda domiciled segregated account company Limestone Re. 9 January 2019
Insurance
Specialty re/insurance underwriter Argo Group International Holdings has renewed Harambee Re as its sidecar reinsurer for 2019. 9 January 2019
Insurance
Bermuda specialty re/insurer Argo Group International Holdings has appointed Bill Wharton to head Argo Insurance Bermuda, and Nigel Mortimer to lead its international casualty business. 9 January 2019
Insurance
Bermuda-based AXIS Capital has hired Govind Balu as chief analytics officer to lead a range of initiatives including the implementation of machine learning and artificial intelligence across the organisation. 9 January 2019
Insurance
Verisk, a data analytics provider, has launched Black Box 3 (BB3), a new solution available in parts of Canada, Europe, Australasia, and Asia, that helps insurers underwrite risks posed by travellers with pre-existing medical conditions. 9 January 2019
Insurance
Tasker Insurance Group has appointed Jonathan Webber as chief financial officer. He joins from Jelf, part of the Marsh UK Group, where he was finance director. 9 January 2019
Insurance
Rating agency AM Best has unveiled its new subsidiary AM Best (EU) Rating Services, based in Amsterdam, the Netherlands. 3 December 2018
Insurance
Verisk Analytics, a provider of property/casualty (P&C) insurance risk information, has acquired London-based Rulebook for $87 million in cash. 3 December 2018
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