News
Insurance
Guy Carpenter's revenue grew 7 percent year on year on an underlying basis to $637 million in the first quarter of 2018 and the pipeline remains strong, CEO Peter Hearn said during Marsh & McLennan’s first quarter results conference call. 27 April 2018
Alternative Risk Transfer
Insurance-linked securities (ILS) investors are reloaded and ready for the 1 June 2018 Florida renewals after significant losses in the second half of 2017 which saw record natural catastrophes from hurricanes, earthquakes, and wildfires in North America, according to the latest ILS Market Update by Willis Towers Watson Securities. 27 April 2018
Insurance
As part of AXIS Capital’s transformation initiative to strengthen its operating model, the firm expects to deliver an additional run-rate cost savings of $40 million over the previously announced $60 million related to the integration of Novae, the company said while presenting the first quarter 2018 results. 26 April 2018
Alternative Risk Transfer
2017 was a record breaking year for cat bond issuance. Gary Harris and Brad Adderley from legal firm Appleby take a look back at what was a year to remember. 25 April 2018
Insurance
WR Berkley CEO Rob Berkley said during the first quarter 2018 results conference call that the situation in the reinsurance sector remains tough but that it is a core business for the firm while he currently sees better growth opportunities in the primary segment. 25 April 2018
Insurance
Tokio Marine Kiln (TMK) has launched a specialist intellectual property (IP) insurance offering in France, Belgium, and Luxembourg. 25 April 2018
Insurance
Windward, an Israel-based maritime risk analytics startup has appointed former BP CEO Lord Browne of Madingley to its board of directors. 24 April 2018
Insurance
Malicious and/or non-malicious cyber incidents are excluded in most classes of business covering physical damage losses, according to a report by the Lloyd’s Market Association (LMA) called ‘Cyber Risks & Exposures Model Clauses: Class of Business Review’, which reviews by class non-affirmative and affirmative coverage and commonly used exclusions. 23 April 2018
Insurance
Tokio Marine Kiln (TMK) has entered into a strategic alliance with Australian insurtech firm Evari. 23 April 2018
Insurance
Specialist broker Alesco Risk Management Services has hired Willis' Martin Hiller as chairman of its UK construction team. 23 April 2018
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