News
Insurance
The recent run of large natural disasters to hit Japan has put downward pressure on the creditworthiness of the nation's three largest non-life insurance groups, S&P Global Ratings suggested in a briefing. 3 October 2018
Alternative Risk Transfer
The first quarter of 2018 was the strongest quarter in terms of insurance-linked securities (ILS) issuance since 2009 despite significant catastrophe losses in 2017 from hurricanes Harvey, Irma and Maria, according to the September edition of the Bermuda ILS Market Report. 3 October 2018
Insurance
Re/insurer AXA XL has partnered with Denver, Colorado-based supply chain data platform Parsyl to offer enhanced marine risk prevention services. 3 October 2018
Insurance
Broker Marsh is developing what it describes as the first blockchain-based verification solution for clients in the sharing and gig economies, in partnership with Evident. 3 October 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has increased its capacity for fine art and specie risks to $250 million globally. 3 October 2018
Insurance
TimesSquare Capital Management, an institutional asset management firm with a significant stake in RenaissanceRe Holdings is suggesting that the Bermuda-based reinsurer should explore a potential sale of the company. 2 October 2018
Insurance
Ascent Underwriting, a London-based cyber and specialty lines MGA, has hired a new head of cyber from Brit Insurance. 2 October 2018
Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has allowed state-run General Insurance Corporation (GIC) to retain the first right to offer reinsurance in India, BloombergQuint reported citing two people present at the firm’s recent board meeting. 1 October 2018
Insurance
Cayman Islands-based specialist property/casualty reinsurer Greenlight Capital Re has made a strategic investment in blockchain business Galileo Platforms. 1 October 2018
Insurance
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies, has appointed Siobhan O’Brien to lead its international cyber strategy, innovation and product development in a newly created role. 1 October 2018
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