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Alternative Risk Transfer
Lloyd’s agencies want insurance-linked securities (ILS) as a permanent re/insurance market fixture, according to a survey by the Lloyd’s Market Association (LMA). 14 August 2018
Insurance
UK-based personal lines insurer esure has received £1.2 billion acquisition offer from private equity firm Bain Capital in a deal that would take esure private. 14 August 2018
Insurance
Monsanto has been ordered to pay $289 million damages to a man who claimed herbicides containing glyphosate had caused his cancer in a court ruling that sets worrying precedent for insurers, according to law firm Clyde & Co. 14 August 2018
Insurance
Catastrophe bond issuance in the second quarter of 2018 totalled over $4.03 billion, representing the third largest second quarter issuance total in history, according to the Q2 2018 Update report on the insurance-linked securities (ILS) sector by Aon Securities. 14 August 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, is increasing the volume of general liability (GL) business it writes from its office in the Netherlands. 14 August 2018
Insurance
XL Catlin’s North America construction business has added Jillian Eckert and Laura Travis in Philadelphia to address the construction industry’s excess casualty insurance needs, the company said. 14 August 2018
News
Legal expenses and assistance provider ARAG has grown its before-the-event (BTE) business in 2017 but said that the turbulences in the after-the-event (ATE) market continue. 14 August 2018
Insurance
Bermuda-based Everest Re Group has appointed Ike Barbatsoulis as chief reinsurance claims officer for Everest’s reinsurance division. 14 August 2018
Insurance
AXIS Capital Holdings has appointed Anne Kelly as global head of ceded reinsurance, effective Sept. 4, 2018. 13 August 2018
Insurance
US-based workers’ compensation insurance Pie Insurance completed an $11 million Series A funding round led by Greycroft and including participation from Aspect Ventures, existing investors Sirius Group, Moxley Holdings, and Elefund. 13 August 2018
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