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Insurance
Irma’s insured damage in Florida could be the largest ever in the US, perhaps equivalent to Hurricane Katrina in 2005 which recorded $50 billion on an inflation-adjusted basis, Barclays analyst Jay Gelb said in a Sept. 5 equity research analyst note. 6 September 2017
Insurance
Tokio Marine Group has revealed its plan to set up an insurance company in Luxembourg for writing European business after Brexit. 6 September 2017
News
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies (MMC), has promoted James Boyce to deputy CEO, global specialties. 6 September 2017
Insurance
Specialist re/insurance broker BMS Group has launched a new European venture, BMS Iberia, under former Marsh Spain and Aon executives. 6 September 2017
Insurance
American International Group (AIG) has appointed Lucy Fato as executive vice president and general counsel, responsible for overseeing the company's global legal, compliance, regulatory and government affairs function. 6 September 2017
Insurance
Hamilton Re, the Bermuda-based operations of Hamilton Insurance Group, has revealed a new underwriting leadership structure. 6 September 2017
News
Reinsurers have returned more capital to shareholders in the first half of 2017 than they earned, according to the September Willis Re Reinsurance Market Report. 6 September 2017
News
Partner Re has appointed Jerome Matrundola to the new position of CEO life and health (L&H), Asia Pacific. 6 September 2017
Insurance
New York-based AmTrust Financial Services said on Sept. 5 that it entered into a quota share reinsurance contract to reduce exposure to catastrophe and non-catastrophe events related to the business of its subsidiary Republic Companies effective August 1, 2017. 6 September 2017
News
Peak Reinsurance is mulling over a possible flotation in Hong Kong to support the reinsurer’s long-term growth and development, AM Best said in its Sept. 5 Best Week Asia-Pacific edition, citing Fosun International chief financial officer Robin Wang. 6 September 2017
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