News

Alternative Risk Transfer

Losses from Hurricane Dorian estimated between $15bn and $25bn as storm heads towards land

Upgraded to a hurricane, storm Dorian has been described as "extremely dangerous" by the National Hurricane Center (NHC) with the potential to become a category 4 hurricane as it tracks towards Florida.   30 August 2019

Insurance

Apollo, Athene to buy GE Capital’s aircraft lending unit PK AirFinance

Apollo Global Management and Athene Holding have entered into a definitive agreement with GE Capital to buy PK AirFinance, an aviation lending business from GE Capital’s Aviation Services (GECAS) unit.   30 August 2019

Insurance

Meteo Protect launches ‘quick to set up’ parametric cover platform

Paris-based underwriting agency Meteo Protect has launched ParametricAPI.com its open insurance application programming interface (API) to enable insurers and startups to run their own parametric insurance programs.   30 August 2019

Insurance

Landmark Underwriting hires Liberty's Roger Millgate as head of global professional indemnity

Specialist managing general agent (MGA) Landmark Underwriting has hired Roger Millgate as head of global professional indemnity (PI) from Liberty Specialty Markets.   30 August 2019

Insurance

Berkley One appoints new chief claim officer from Chubb

Berkley One, a member company of Berkley and a startup insurance provider, has appointed Peter Boccher as chief claim officer.   30 August 2019

Insurance

KBW predicts Tropical Storm Dorian ‘likely to impact reinsurers more than primary Florida insurers’

Tropical Storm Dorian is expected to strengthen into a hurricane and predictions suggest it could make landfall on the Florida coastline on Monday September 2 early in the morning, US east coast time.   28 August 2019

Insurance

CAC Specialty taps up Colin Daly to co-lead its Financial Lines Practice

CAC Specialty has appointed Colin Daly to co-lead of its Financial Lines Practice (FLP) as he takes up the post of executive vice president.   27 August 2019

Insurance

Chubb launches expanded liability solutions for middle market to help close coverage gaps

Property/casualty insurer Chubb has launched a new platform designed for middle market manufacturers as they embrace new technologies and processes to remain competitive.   23 August 2019

Insurance

Markel board approves new $300 million share buyback

The board of specialist insurer Markel has approved a new $300 million share buyback scheme to begin immediately.   23 August 2019

Insurance

Everest Insurance makes trio of hires for private company/not‐for‐profit group

Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has hired three new members for its financial lines private company/not‐for‐profit group.   23 August 2019

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