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Insurance
New York-based Mutual insurer of US municipal bonds Build America Mutual (BAM) is expanding its claims-paying resources by $100 million through a collateralized reinsurance agreement with Fidus Re, a special-purpose insurer created solely to provide collateralized reinsurance protection to BAM. 17 April 2018
Insurance
London-based insurance broker HWI International Group is launching a new managing general agent (MGA) in Hong Kong to begin underwriting on July 1, 2018. 16 April 2018
Alternative Risk Transfer
Alternative capital rose by $8 billion to $89 billion in 2017 and is expected to grow further in 2018 after a strong first quarter, according to Aon Benfield’s April 2018 Reinsurance Market Outlook. 16 April 2018
Insurance
Navigators CEO Stanley Galanski has described how London has become an increasingly challenging market and explained why he believes that targeting local markets directly in continental Europe is the way to go. 16 April 2018
Insurance
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has appointed Richard Deguettes as general manager for France. 16 April 2018
Insurance
The looming expiration of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) is a concern for insurers with significant terrorism exposures, AM Best warned. 16 April 2018
Insurance
Specialist insurer Markel has reorganised the leadership structure of its excess casualty underwriting unit with managing directors Matt Mullen and Colin Shaw now directly reporting to executive underwriting officer for casualty Alan Rodrigues. 16 April 2018
Insurance
Bermuda-based specialty re/insurer Argo Group International Holdings, has appointed Giovanni Tucci as managing director of Ariscom, an Italian specialty insurer recently acquired by Argo Group. 16 April 2018
News
The traditional reinsurance sector as a whole continued to make money in 2017 with net income across a group of 21 major reinsurers at $4.0 billion, according to the most recent Aon Benfield Aggregate (ABA). 16 April 2018
News
The ways risks are likely to change due to artificial intelligence (AI) are manifold, presenting many challenges to the insurance industry, but they are the subject of much current debate and development, as Allianz and SCOR suggest in their reports. 13 April 2018
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