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Alternative Risk Transfer
By the end 2018 the market for insurance-linked securities (ILS) is expected to reach a total volume of close to $100 billion, according to Hannover Re.   17 October 2018
Greenlight Re invests in South African insurtech Click2Sure
Insurance
Cayman Islands-based specialist property/casualty reinsurer Greenlight Capital Re has invested in digital insurance platform Click2Sure.   17 October 2018
Fairfax awarded $11m in alleged stock manipulation case
Insurance
A jury verdict has awarded property/casualty re/insurer Fairfax Financial Holdings damages of $10.9 million against Exis Capital Management and related Exis companies, Adam Sender and Andrew Heller, according to a corporate statement.   17 October 2018
Insurance
US motor insurer Progressive is expecting a loss of up to $120 million from hurricane Michael.   17 October 2018
Insurance
Global insurers are calling for a delay and improvements in the introduction of the International Financial Reporting Standard 17 (IFRS 17).   17 October 2018
Insurance
Global specialty insurer StarStone Group has appointed John Hendrickson as its new group chief executive officer.   17 October 2018
Insurance
Insurance service provider Davies Group has acquired the claims business of Ardonagh-owned Direct Group while signing a long-term claims management deal with the UK-based insurance intermediary.   16 October 2018
Insurance
Bermuda-based Langhorne Re, a global reinsurer targeting large in-force life and annuity blocks, has appointed Steve Zonca as CEO of its US-based operating subsidiaries.   12 October 2018
Insurance
Bermuda-based Catalina Holdings has closed a $700 million equity capital raise from Apollo, allowing for “much larger transactions” and making Apollo the majority shareholder.   11 October 2018
Insurance
In the event that the UK leaves the EU with no transition or implementation period before Lloyd’s transfers the European Economic Area (EEA) business to its Brussels subsidiary, Lloyd’s underwriters will continue to honour their contractual commitments including the payment of valid claims, according to a corporate statement.   11 October 2018

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